Boston Partners Sells 2,869 Shares of IES Holdings, Inc. (NASDAQ:IESC)

Boston Partners lessened its position in IES Holdings, Inc. (NASDAQ:IESC) by 50.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,786 shares of the technology company’s stock after selling 2,869 shares during the period. Boston Partners’ holdings in IES were worth $560,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in IESC. J.Safra Asset Management Corp boosted its stake in shares of IES by 56.8% during the 4th quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company’s stock valued at $28,000 after purchasing an additional 50 shares in the last quarter. Smithfield Trust Co bought a new stake in shares of IES during the 4th quarter valued at about $34,000. Harbour Investments Inc. bought a new stake in shares of IES during the 4th quarter valued at about $71,000. Jones Financial Companies Lllp bought a new stake in shares of IES during the 4th quarter valued at about $74,000. Finally, KBC Group NV boosted its stake in shares of 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. Institutional investors own 86.60% of the company’s stock.

Analysts Set New Price Targets

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

IES Trading Down 1.5 %

Shares of IESC opened at $184.26 on Friday. The firm’s 50-day moving average price is $211.90 and its 200-day moving average price is $220.22. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 17.16 and a beta of 1.57. IES Holdings, Inc. has a 1-year low of $112.73 and a 1-year high of $320.09.

IES (NASDAQ:IESC) last issued 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 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.