Boston Partners Reduces Stock Position in IES Holdings, Inc. (NASDAQ:IESC)

Boston Partners cut its position in IES Holdings, Inc. (NASDAQ:IESC) by 50.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,786 shares of the technology company’s stock after selling 2,869 shares during the quarter. Boston Partners’ holdings in IES were worth $560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of IESC. J.Safra Asset Management Corp lifted its stake in IES by 56.8% in the 4th quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company’s stock worth $28,000 after purchasing an additional 50 shares in the last quarter. Smithfield Trust Co purchased a new stake in IES in the 4th quarter worth approximately $34,000. Harbour Investments Inc. purchased a new stake in IES in the 4th quarter worth approximately $71,000. Jones Financial Companies Lllp purchased a new stake in IES in the 4th quarter worth approximately $74,000. Finally, KBC Group NV lifted its stake in IES by 52.5% in the 4th quarter. KBC Group NV now owns 401 shares of the technology company’s stock worth $81,000 after purchasing an additional 138 shares in the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

IES Stock Performance

IES stock opened at $184.26 on Friday. The firm’s fifty day moving average price is $211.90 and its 200-day moving average price is $220.22. The stock has a market cap of $3.69 billion, a P/E ratio of 17.16 and a beta of 1.57. IES Holdings, Inc. has a fifty-two week low of $112.73 and a fifty-two week high of $320.09.

IES (NASDAQ:IESC) last posted 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%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of IES from a “buy” rating to a “hold” rating in a research report on Friday, March 14th.

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.