Asset Management One Co. Ltd. Has $2.05 Million Stock Holdings in IES Holdings, Inc. $IESC

Asset Management One Co. Ltd. cut its stake in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 37.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,146 shares of the technology company's stock after selling 3,084 shares during the quarter. Asset Management One Co. Ltd.'s holdings in IES were worth $2,047,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Global Retirement Partners LLC increased its position in IES by 1,014.3% during the third quarter. Global Retirement Partners LLC now owns 78 shares of the technology company's stock worth $31,000 after buying an additional 71 shares during the last quarter. SBI Securities Co. Ltd. increased its position in IES by 157.9% during the third quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company's stock worth $39,000 after buying an additional 60 shares during the last quarter. Spire Wealth Management acquired a new position in IES during the third quarter worth $40,000. Federated Hermes Inc. increased its position in IES by 91.3% during the third quarter. Federated Hermes Inc. now owns 132 shares of the technology company's stock worth $52,000 after buying an additional 63 shares during the last quarter. Finally, IFP Advisors Inc increased its position in IES by 77.1% during the third quarter. IFP Advisors Inc now owns 147 shares of the technology company's stock worth $58,000 after buying an additional 64 shares during the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

IES Stock Performance

Shares of NASDAQ:IESC opened at $586.17 on Friday. The company has a market cap of $11.68 billion, a P/E ratio of 34.87 and a beta of 1.67. The stock's 50-day moving average is $492.77 and its 200-day moving average is $442.07. IES Holdings, Inc. has a 52-week low of $184.73 and a 52-week high of $595.00.

IES (NASDAQ:IESC - Get Free Report) last issued its quarterly earnings results on Friday, January 30th. The technology company reported $3.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.94 by ($0.23). The business had revenue of $870.96 million during the quarter, compared to analyst estimates of $876.00 million. IES had a net margin of 9.70% and a return on equity of 35.62%.

Insider Activity

In other news, Director Todd M. Cleveland sold 1,425 shares of the firm's stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $500.84, for a total value of $713,697.00. Following the sale, the director directly owned 78,089 shares of the company's stock, valued at approximately $39,110,094.76. This trade represents a 1.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Jeffrey L. Et Al Gendell sold 320 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $520.43, for a total transaction of $166,537.60. Following the completion of the sale, the chairman owned 10,587,161 shares of the company's stock, valued at approximately $5,509,876,199.23. The trade was a 0.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 20,659 shares of company stock valued at $10,636,940. 56.43% of the stock is owned by insiders.

Wall Street Analyst Weigh In

IESC has been the topic of several analyst reports. Loop Capital set a $458.00 target price on shares of IES in a research report on Tuesday, February 3rd. Wall Street Zen downgraded shares of IES from a "strong-buy" rating to a "buy" rating in a research report on Saturday, February 7th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, IES currently has an average rating of "Buy" and an average price target of $458.00.

About IES

IES Holdings, Inc NASDAQ: IESC is a specialty contractor providing integrated electrical and mechanical construction services, engineering, and systems integration across North America. The company focuses on delivering end-to-end solutions for commercial, industrial and mission-critical facilities, combining design, build, commission and maintenance capabilities to serve a wide range of markets.

Through its subsidiaries, IES offers a comprehensive portfolio of services including electrical distribution and infrastructure, mechanical contracting, process piping, controls and automation, energy management, and ongoing service and maintenance.

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