UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 4,658 Shares of IES Holdings, Inc. (NASDAQ:IESC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 19.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,461 shares of the technology company's stock after selling 4,658 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.10% of IES worth $3,885,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. FMR LLC lifted its holdings in shares of IES by 4.6% during the 3rd quarter. FMR LLC now owns 1,476,238 shares of the technology company's stock worth $294,687,000 after acquiring an additional 65,145 shares during the last quarter. Royce & Associates LP lifted its stake in IES by 15.1% during the third quarter. Royce & Associates LP now owns 294,808 shares of the technology company's stock worth $58,850,000 after purchasing an additional 38,783 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of IES by 2.8% in the 2nd quarter. Renaissance Technologies LLC now owns 186,532 shares of the technology company's stock worth $25,990,000 after purchasing an additional 5,100 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of IES by 12.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 89,330 shares of the technology company's stock valued at $12,446,000 after buying an additional 9,942 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in IES by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 76,739 shares of the technology company's stock worth $15,319,000 after buying an additional 1,158 shares during the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

IES Price Performance

NASDAQ IESC traded down $3.95 during trading on Friday, hitting $245.15. 97,846 shares of the company's stock traded hands, compared to its average volume of 138,757. The stock has a fifty day moving average of $250.08 and a two-hundred day moving average of $189.44. IES Holdings, Inc. has a 12-month low of $76.26 and a 12-month high of $320.08. The firm has a market cap of $4.90 billion, a P/E ratio of 25.19 and a beta of 1.45.

Insider Buying and Selling at IES

In other news, CEO Jeffrey L. Et Al Gendell sold 37,347 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $160.20, for a total transaction of $5,982,989.40. Following the completion of the sale, the chief executive officer now directly owns 10,934,845 shares in the company, valued at approximately $1,751,762,169. This represents a 0.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Mary K. Newman sold 2,500 shares of the business's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $286.23, for a total value of $715,575.00. Following the transaction, the vice president now owns 18,286 shares in the company, valued at approximately $5,234,001.78. This represents a 12.03 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 64,236 shares of company stock worth $13,205,461. 59.19% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

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.