Arrowstreet Capital Limited Partnership Sells 8,881 Shares of IES Holdings, Inc. (NASDAQ:IESC)

Arrowstreet Capital Limited Partnership reduced its stake in IES Holdings, Inc. (NASDAQ:IESC) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 156,080 shares of the technology company’s stock after selling 8,881 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.78% of IES worth $31,366,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Franklin Resources Inc. grew its holdings in shares of IES by 79.3% during the 3rd quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company’s stock worth $31,026,000 after purchasing an additional 68,750 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in IES by 1,856.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,070 shares of the technology company’s stock worth $818,000 after buying an additional 3,862 shares in the last quarter. Principal Financial Group Inc. increased its holdings in IES by 56.9% in the 3rd quarter. Principal Financial Group Inc. now owns 7,269 shares of the technology company’s stock valued at $1,451,000 after buying an additional 2,636 shares during the period. Barclays PLC raised its position in shares of IES by 411.1% in the 3rd quarter. Barclays PLC now owns 15,176 shares of the technology company’s stock valued at $3,029,000 after buying an additional 12,207 shares in the last quarter. Finally, Stifel Financial Corp bought a new stake in shares of IES during the 3rd quarter worth approximately $631,000. Institutional investors own 86.60% of the company’s stock.

IES Stock Performance

NASDAQ IESC opened at $179.63 on Thursday. IES Holdings, Inc. has a fifty-two week low of $112.73 and a fifty-two week high of $320.09. The stock has a market cap of $3.59 billion, a PE ratio of 16.73 and a beta of 1.51. The firm’s fifty day moving average price is $198.36 and its two-hundred day moving average price is $221.49.

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

Analysts Set New Price Targets

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

IES Company 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.