First Trust Advisors LP Decreases Stake in IES Holdings, Inc. (NASDAQ:IESC)

First Trust Advisors LP cut its stake in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 6.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,432 shares of the technology company's stock after selling 2,676 shares during the quarter. First Trust Advisors LP owned about 0.19% of IES worth $7,522,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in IES by 38.9% in the 4th quarter. Vanguard Group Inc. now owns 753,331 shares of the technology company's stock valued at $151,389,000 after buying an additional 210,925 shares during the period. Geode Capital Management LLC raised its stake in shares of IES by 17.0% in the 4th quarter. Geode Capital Management LLC now owns 244,620 shares of the technology company's stock valued at $49,168,000 after acquiring an additional 35,474 shares during the period. Invesco Ltd. lifted its holdings in shares of IES by 27.6% in the 4th quarter. Invesco Ltd. now owns 200,799 shares of the technology company's stock worth $40,353,000 after acquiring an additional 43,449 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of IES by 4.6% during the 4th quarter. Franklin Resources Inc. now owns 162,561 shares of the technology company's stock worth $32,668,000 after purchasing an additional 7,135 shares during the period. Finally, Thrivent Financial for Lutherans increased its holdings in IES by 140.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 125,500 shares of the technology company's stock valued at $25,221,000 after purchasing an additional 73,271 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company's stock.

IES Trading Up 12.6 %

IES stock traded up $26.57 during midday trading on Friday, reaching $238.23. 319,619 shares of the stock traded hands, compared to its average volume of 178,125. The firm has a market cap of $4.77 billion, a PE ratio of 22.18 and a beta of 1.57. The company has a 50-day simple moving average of $180.81 and a two-hundred day simple moving average of $219.27. IES Holdings, Inc. has a 12-month low of $124.55 and a 12-month high of $320.09.

IES (NASDAQ:IESC - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The technology company reported $3.30 EPS 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 Upgrades and Downgrades

Separately, StockNews.com cut IES from a "buy" rating to a "hold" rating in a research note on Friday, March 14th.

About IES

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.