Arrowstreet Capital Limited Partnership Sells 8,881 Shares of IES Holdings, Inc. (NASDAQ:IESC)

Arrowstreet Capital Limited Partnership lessened its stake in IES Holdings, Inc. (NASDAQ:IESC) by 5.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 156,080 shares of the technology company’s stock after selling 8,881 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in IES were worth $31,366,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in IESC. Orion Portfolio Solutions LLC increased its position in IES by 49.7% during the 4th quarter. Orion Portfolio Solutions LLC now owns 2,000 shares of the technology company’s stock valued at $402,000 after purchasing an additional 664 shares during the period. Norges Bank bought a new position in IES during the fourth quarter worth $1,557,000. Vanguard Group Inc. lifted its holdings in IES by 38.9% in the fourth 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. LPL Financial LLC boosted its position in IES by 588.0% during the fourth quarter. LPL Financial LLC now owns 46,426 shares of the technology company’s stock valued at $9,330,000 after acquiring an additional 39,678 shares during the last quarter. Finally, Optimum Investment Advisors grew its holdings in IES by 8.3% during the 4th quarter. Optimum Investment Advisors now owns 3,250 shares of the technology company’s stock worth $653,000 after acquiring an additional 250 shares during the period. 86.60% of the stock is currently owned by institutional investors.

IES Stock Up 6.4 %

Shares of IESC stock opened at $179.63 on Thursday. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 16.73 and a beta of 1.51. The firm has a 50 day moving average of $198.36 and a 200-day moving average of $221.49. IES Holdings, Inc. has a 52 week low of $112.73 and a 52 week high of $320.09.

IES (NASDAQ:IESC) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $2.64 EPS for the quarter. IES had a return on equity of 35.81% and a net margin of 7.30%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered IES from a “buy” rating to a “hold” rating in a research report 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.