Royce & Associates LP lowered its holdings in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 39.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 178,404 shares of the technology company's stock after selling 116,404 shares during the period. Royce & Associates LP owned approximately 0.89% of IES worth $35,852,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of IESC. J.Safra Asset Management Corp raised its stake in IES by 56.8% in the fourth quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company's stock valued at $28,000 after purchasing an additional 50 shares in the last quarter. Smithfield Trust Co purchased a new stake in shares of IES during the 4th quarter valued at $34,000. Gladius Capital Management LP purchased a new stake in shares of IES during the 3rd quarter valued at $44,000. Jones Financial Companies Lllp bought a new stake in shares of IES during the 4th quarter worth $74,000. Finally, KBC Group NV grew its position in IES by 52.5% in the fourth quarter. KBC Group NV now owns 401 shares of the technology company's stock worth $81,000 after acquiring an additional 138 shares in the last quarter. Institutional investors own 86.60% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded IES from a "buy" rating to a "hold" rating in a research report on Friday, March 14th.
Read Our Latest Stock Analysis on IES
IES Stock Performance
NASDAQ:IESC traded down $2.41 during mid-day trading on Thursday, reaching $187.03. The stock had a trading volume of 108,932 shares, compared to its average volume of 170,695. The stock has a market capitalization of $3.74 billion, a P/E ratio of 17.41 and a beta of 1.57. The firm has a 50 day moving average price of $213.38 and a two-hundred day moving average price of $220.10. IES Holdings, Inc. has a one year low of $106.34 and a one year high of $320.09.
IES (NASDAQ:IESC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $2.64 earnings per share for the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%.
About IES
(
Free Report)
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.
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