IES Holdings, Inc. (NASDAQ:IESC) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P lowered its position in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 65.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,306 shares of the technology company's stock after selling 6,195 shares during the quarter. Martingale Asset Management L P's holdings in IES were worth $660,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. lifted its stake in shares of IES by 258.7% during the second quarter. Federated Hermes Inc. now owns 269 shares of the technology company's stock worth $37,000 after purchasing an additional 194 shares in the last quarter. Quest Partners LLC increased its position in shares of IES by 41.0% during the second quarter. Quest Partners LLC now owns 296 shares of the technology company's stock worth $41,000 after acquiring an additional 86 shares during the last quarter. Gladius Capital Management LP purchased a new stake in shares of IES during the third quarter worth about $44,000. Contravisory Investment Management Inc. purchased a new stake in shares of IES during the second quarter worth about $48,000. Finally, CWM LLC increased its position in shares of IES by 252.7% during the second quarter. CWM LLC now owns 582 shares of the technology company's stock worth $81,000 after acquiring an additional 417 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company's stock.

Insider Activity at IES

In other news, CEO Jeffrey L. Et Al Gendell sold 47,861 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $158.29, for a total transaction of $7,575,917.69. Following the sale, the chief executive officer now directly owns 11,036,984 shares in the company, valued at approximately $1,747,044,197.36. This represents a 0.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Mary K. Newman sold 2,500 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $286.23, for a total value of $715,575.00. Following the completion of the transaction, the vice president now directly owns 18,286 shares of the company's stock, valued at $5,234,001.78. This trade represents a 12.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 97,708 shares of company stock valued at $15,810,182 over the last three months. 59.19% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered IES from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th.

IES Stock Performance

Shares of NASDAQ IESC traded down $1.51 during midday trading on Tuesday, reaching $295.80. 182,335 shares of the company's stock were exchanged, compared to its average volume of 136,734. IES Holdings, Inc. has a 52-week low of $70.64 and a 52-week high of $320.08. The stock has a market capitalization of $5.91 billion, a PE ratio of 29.91 and a beta of 1.45. The business's fifty day moving average price is $238.65 and its two-hundred day moving average price is $183.73.

IES Profile

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.