Steward Partners Investment Advisory LLC Trims Stock Position in IES Holdings, Inc. (NASDAQ:IESC)

Steward Partners Investment Advisory LLC lessened its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 24.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 380 shares of the technology company’s stock after selling 120 shares during the period. Steward Partners Investment Advisory LLC’s holdings in IES were worth $76,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Peterson Wealth Services lifted its stake in shares of IES by 1.2% during the fourth quarter. Peterson Wealth Services now owns 8,110 shares of the technology company’s stock valued at $1,630,000 after buying an additional 100 shares during the period. KBC Group NV grew its holdings in IES by 52.5% during the 4th quarter. KBC Group NV now owns 401 shares of the technology company’s stock valued at $81,000 after purchasing an additional 138 shares in the last quarter. Rhumbline Advisers grew its holdings in IES by 1.4% during the 4th quarter. Rhumbline Advisers now owns 12,297 shares of the technology company’s stock valued at $2,471,000 after purchasing an additional 171 shares in the last quarter. Cavalier Investments LLC boosted its stake in IES by 3.5% during the 4th quarter. Cavalier Investments LLC now owns 5,664 shares of the technology company’s stock valued at $1,138,000 after acquiring an additional 192 shares during the last quarter. Finally, Colonial River Investments LLC boosted its stake in IES by 6.6% during the 4th quarter. Colonial River Investments LLC now owns 4,043 shares of the technology company’s stock valued at $812,000 after acquiring an additional 249 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

IES Trading Up 2.4 %

IES stock opened at $186.21 on Tuesday. IES Holdings, Inc. has a 52 week low of $101.31 and a 52 week high of $320.09. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 17.34 and a beta of 1.57. The company’s 50-day moving average price is $214.94 and its two-hundred day moving average price is $220.37.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of IES from a “buy” rating to a “hold” rating in a research report on Friday.

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.