UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Position in IES Holdings, Inc. (NASDAQ:IESC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 19.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,461 shares of the technology company’s stock after selling 4,658 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.10% of IES worth $3,885,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Quest Partners LLC raised its holdings in shares of IES by 41.0% in the second quarter. Quest Partners LLC now owns 296 shares of the technology company’s stock valued at $41,000 after buying an additional 86 shares during the last quarter. Andina Capital Management LLC boosted its position in IES by 4.0% during the third quarter. Andina Capital Management LLC now owns 2,496 shares of the technology company’s stock worth $498,000 after acquiring an additional 96 shares during the last quarter. CWM LLC boosted its position in IES by 17.2% during the third quarter. CWM LLC now owns 682 shares of the technology company’s stock worth $136,000 after acquiring an additional 100 shares during the last quarter. Cetera Investment Advisers raised its stake in IES by 2.2% during the second quarter. Cetera Investment Advisers now owns 8,690 shares of the technology company’s stock worth $1,211,000 after purchasing an additional 190 shares during the period. Finally, Federated Hermes Inc. raised its stake in shares of IES by 258.7% in the 2nd quarter. Federated Hermes Inc. now owns 269 shares of the technology company’s stock valued at $37,000 after acquiring an additional 194 shares during the period. Institutional investors and hedge funds own 86.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of IES from a “hold” rating to a “buy” rating in a research note on Tuesday.

Insider Activity at IES

In other IES news, VP Mary K. Newman sold 2,500 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $286.23, for a total transaction of $715,575.00. Following the sale, the vice president now directly owns 18,286 shares in the company, valued at approximately $5,234,001.78. The trade was a 12.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey L. Et Al Gendell sold 37,347 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $160.20, for a total transaction of $5,982,989.40. Following the completion of the sale, the chief executive officer now owns 10,934,845 shares in the company, valued at $1,751,762,169. The trade was a 0.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,847 shares of company stock worth $8,751,804 in the last ninety days. 59.19% of the stock is owned by insiders.

IES Stock Performance

NASDAQ IESC opened at $249.10 on Friday. IES Holdings, Inc. has a one year low of $76.26 and a one year high of $320.08. The company has a 50-day simple moving average of $250.08 and a 200-day simple moving average of $189.44. The firm has a market capitalization of $4.98 billion, a PE ratio of 25.19 and a beta of 1.45.

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.