AltraVue Capital LLC Decreases Stock Holdings in IES Holdings, Inc. (NASDAQ:IESC)

AltraVue Capital LLC lowered its position in IES Holdings, Inc. (NASDAQ:IESC) by 25.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 199,817 shares of the technology company’s stock after selling 68,752 shares during the quarter. IES comprises approximately 3.3% of AltraVue Capital LLC’s investment portfolio, making the stock its 14th largest holding. AltraVue Capital LLC’s holdings in IES were worth $40,155,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. FMR LLC grew its holdings in IES by 4.6% in the third quarter. FMR LLC now owns 1,476,238 shares of the technology company’s stock worth $294,687,000 after purchasing an additional 65,145 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of IES by 38.9% in the 4th quarter. Vanguard Group Inc. now owns 753,331 shares of the technology company’s stock worth $151,389,000 after purchasing an additional 210,925 shares in the last quarter. State Street Corp grew its stake in IES by 3.2% during the 3rd quarter. State Street Corp now owns 209,943 shares of the technology company’s stock worth $41,909,000 after buying an additional 6,492 shares during the last quarter. Geode Capital Management LLC increased its position in IES by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 209,146 shares of the technology company’s stock valued at $41,757,000 after buying an additional 623 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in IES by 4.6% in the fourth quarter. Franklin Resources Inc. now owns 162,561 shares of the technology company’s stock valued at $32,668,000 after buying an additional 7,135 shares during the last quarter. Institutional investors own 86.60% of the company’s stock.

IES Trading Down 0.9 %

NASDAQ:IESC opened at $165.11 on Tuesday. IES Holdings, Inc. has a twelve month low of $112.73 and a twelve month high of $320.09. The company has a market cap of $3.30 billion, a PE ratio of 15.37 and a beta of 1.57. The company’s 50 day moving average is $203.24 and its two-hundred day moving average is $221.73.

IES (NASDAQ:IESC) last posted its quarterly earnings data 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 lowered IES from a “buy” rating to a “hold” rating in a research note 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.