Bank of America Corp DE Has $1.77 Million Stock Position in IES Holdings, Inc. (NASDAQ:IESC)

Bank of America Corp DE lowered its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 15.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,806 shares of the technology company's stock after selling 1,619 shares during the period. Bank of America Corp DE's holdings in IES were worth $1,770,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. J.Safra Asset Management Corp raised its stake in shares of IES by 56.8% during the fourth quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company's stock valued at $28,000 after acquiring an additional 50 shares during the last quarter. Smithfield Trust Co bought a new position in IES during the fourth quarter worth $34,000. National Bank of Canada FI bought a new position in IES during the fourth quarter worth $54,000. Harbour Investments Inc. bought a new position in IES during the fourth quarter worth $71,000. Finally, Jones Financial Companies Lllp bought a new position in IES during the fourth quarter worth $74,000. Institutional investors own 86.60% of the company's stock.

Insider Buying and Selling

In other IES news, CEO Jeffrey L. Et Al Gendell sold 6,722 shares of IES stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $275.00, for a total value of $1,848,550.00. Following the completion of the sale, the chief executive officer now directly owns 10,923,318 shares of the company's stock, valued at approximately $3,003,912,450. The trade was a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 56.76% of the stock is owned by insiders.

IES Price Performance

NASDAQ IESC traded up $9.18 during mid-day trading on Friday, reaching $279.98. 104,308 shares of the stock were exchanged, compared to its average volume of 175,513. IES Holdings, Inc. has a one year low of $124.55 and a one year high of $320.09. The stock has a 50 day simple moving average of $221.03 and a 200-day simple moving average of $221.66. The stock has a market cap of $5.56 billion, a P/E ratio of 26.07 and a beta of 1.62.

IES (NASDAQ:IESC - Get Free Report) last announced its earnings results on Friday, May 2nd. The technology company reported $3.30 earnings per share for the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%. The business had revenue of $834.00 million during the quarter.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of IES from a "buy" rating to a "hold" rating in a research note 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.