IES Holdings, Inc. (NASDAQ:IESC) Holdings Cut by State of Wyoming

State of Wyoming cut its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 35.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,544 shares of the technology company's stock after selling 17,500 shares during the period. IES makes up 0.8% of State of Wyoming's holdings, making the stock its 10th biggest holding. State of Wyoming owned 0.16% of IES worth $6,540,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. J.Safra Asset Management Corp grew its position in IES by 56.8% in the 4th quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company's stock worth $28,000 after purchasing an additional 50 shares in the last quarter. Smithfield Trust Co bought a new position in shares of IES during the 4th quarter valued at approximately $34,000. National Bank of Canada FI purchased a new stake in shares of IES during the 4th quarter worth approximately $54,000. Harbour Investments Inc. purchased a new stake in shares of IES during the 4th quarter worth approximately $71,000. Finally, Jones Financial Companies Lllp bought a new stake in shares of IES in the 4th quarter worth approximately $74,000. 86.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered IES from a "buy" rating to a "hold" rating in a report on Friday, March 14th.

IES Trading Down 1.9%

Shares of IESC stock traded down $4.64 on Wednesday, hitting $246.10. 78,496 shares of the stock were exchanged, compared to its average volume of 175,783. IES Holdings, Inc. has a one year low of $124.55 and a one year high of $320.09. The firm's 50 day moving average is $200.51 and its two-hundred day moving average is $222.22. The firm has a market capitalization of $4.89 billion, a PE ratio of 22.91 and a beta of 1.57.

IES (NASDAQ:IESC - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The technology company reported $3.30 EPS for the quarter. The company had revenue of $834.00 million 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.