Asset Management One Co. Ltd. Decreases Stock Holdings in IES Holdings, Inc. (NASDAQ:IESC)

Asset Management One Co. Ltd. lessened its position in shares of IES Holdings, Inc. (NASDAQ:IESC) by 22.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,097 shares of the technology company’s stock after selling 3,513 shares during the quarter. Asset Management One Co. Ltd. owned about 0.06% of IES worth $2,547,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Andina Capital Management LLC lifted its position in IES by 4.0% in the third quarter. Andina Capital Management LLC now owns 2,496 shares of the technology company’s stock valued at $498,000 after acquiring an additional 96 shares during the last quarter. CWM LLC lifted its position in IES by 17.2% in the third quarter. CWM LLC now owns 682 shares of the technology company’s stock valued at $136,000 after acquiring an additional 100 shares during the last quarter. Peterson Wealth Services lifted its position in IES by 1.2% in the fourth quarter. Peterson Wealth Services now owns 8,110 shares of the technology company’s stock valued at $1,630,000 after acquiring an additional 100 shares during the last quarter. KBC Group NV lifted its position in IES by 52.5% in the fourth quarter. KBC Group NV now owns 401 shares of the technology company’s stock valued at $81,000 after acquiring an additional 138 shares during the last quarter. Finally, Gladius Capital Management LP purchased a new stake in IES in the third quarter valued at $44,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of IES from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th.

Insider Activity

In related news, CFO Tracy Mclauchlin sold 5,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $253.02, for a total transaction of $1,265,100.00. Following the completion of the sale, the chief financial officer now directly owns 71,177 shares of the company’s stock, valued at approximately $18,009,204.54. This trade represents a 6.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Mary K. Newman sold 2,500 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $286.23, for a total transaction of $715,575.00. Following the transaction, the vice president now directly owns 18,286 shares of the company’s stock, valued at approximately $5,234,001.78. This represents a 12.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,359 shares of company stock worth $7,341,029 over the last ninety days. 56.76% of the stock is currently owned by insiders.

IES Stock Down 8.5 %

NASDAQ IESC opened at $206.45 on Thursday. The stock has a market capitalization of $4.13 billion, a P/E ratio of 19.22 and a beta of 1.52. IES Holdings, Inc. has a 52-week low of $95.47 and a 52-week high of $320.08. The firm has a 50-day moving average price of $229.29 and a 200 day moving average price of $219.32.

IES (NASDAQ:IESC) last posted 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%.

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.