IES Holdings, Inc. (NASDAQ:IESC) is Legato Capital Management LLC's 5th Largest Position

Legato Capital Management LLC lessened its stake in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 25.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 40,293 shares of the technology company's stock after selling 13,866 shares during the period. IES accounts for approximately 1.1% of Legato Capital Management LLC's portfolio, making the stock its 5th biggest position. Legato Capital Management LLC owned about 0.20% of IES worth $8,097,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Gladius Capital Management LP purchased a new stake in IES in the 3rd quarter valued at about $44,000. KBC Group NV raised its holdings in IES by 52.5% in the 4th quarter. KBC Group NV now owns 401 shares of the technology company's stock valued at $81,000 after buying an additional 138 shares during the period. City State Bank purchased a new stake in IES in the 4th quarter valued at about $106,000. CWM LLC raised its holdings in IES by 17.2% in the 3rd quarter. CWM LLC now owns 682 shares of the technology company's stock valued at $136,000 after buying an additional 100 shares during the period. Finally, Quest Partners LLC raised its holdings in IES by 159.5% in the 3rd quarter. Quest Partners LLC now owns 768 shares of the technology company's stock valued at $153,000 after buying an additional 472 shares during the period. Hedge funds and other institutional investors own 86.60% of the company's stock.

IES Stock Up 2.0 %

NASDAQ:IESC traded up $4.56 on Friday, reaching $227.48. 181,431 shares of the company's stock were exchanged, compared to its average volume of 232,720. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of 21.18 and a beta of 1.52. The business has a fifty day moving average of $231.29 and a 200-day moving average of $217.33. IES Holdings, Inc. has a 52-week low of $95.47 and a 52-week high of $320.08.

IES (NASDAQ:IESC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $2.64 earnings per share (EPS) for the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of IES from a "hold" rating to a "buy" rating in a research note on Wednesday.

Insider Transactions at IES

In other news, CEO Jeffrey L. Et Al Gendell sold 12,389 shares of the business's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $257.37, for a total transaction of $3,188,556.93. Following the completion of the transaction, the chief executive officer now directly owns 10,958,900 shares of the company's stock, valued at approximately $2,820,492,093. The trade was a 0.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Tracy Mclauchlin sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $253.02, for a total value of $1,265,100.00. Following the completion of the transaction, the chief financial officer now directly owns 71,177 shares of the company's stock, valued at $18,009,204.54. This trade represents a 6.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,359 shares of company stock valued at $7,341,029. 56.76% of the stock is currently owned by corporate insiders.

About IES

IES Holdings, Inc engages in the design and installation of integrated electrical and technology systems, and provides infrastructure products and services in the United States. The Communications segment designs, installs, and maintains network infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities.