Ausbil Investment Management Ltd Lowers Stake in IES Holdings, Inc. (NASDAQ:IESC)

Ausbil Investment Management Ltd lessened its stake in IES Holdings, Inc. (NASDAQ:IESC) by 69.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 578 shares of the technology company’s stock after selling 1,302 shares during the period. Ausbil Investment Management Ltd’s holdings in IES were worth $116,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gladius Capital Management LP acquired a new stake in IES in the third quarter valued at $44,000. KBC Group NV raised its position in shares of IES by 52.5% during the 4th quarter. KBC Group NV now owns 401 shares of the technology company’s stock worth $81,000 after acquiring an additional 138 shares in the last quarter. City State Bank acquired a new position in IES in the fourth quarter valued at approximately $106,000. CWM LLC increased its stake in IES by 17.2% in the third quarter. CWM LLC now owns 682 shares of the technology company’s stock valued at $136,000 after purchasing an additional 100 shares during the last quarter. Finally, Quest Partners LLC raised its holdings in IES by 159.5% during the third quarter. Quest Partners LLC now owns 768 shares of the technology company’s stock worth $153,000 after purchasing an additional 472 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Insider Activity

In related news, CEO Jeffrey L. Et Al Gendell sold 12,389 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $257.37, for a total transaction of $3,188,556.93. Following the transaction, the chief executive officer now owns 10,958,900 shares of the company’s stock, valued at $2,820,492,093. This trade represents a 0.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Mary K. Newman sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $286.23, for a total value of $715,575.00. Following the sale, the vice president now directly owns 18,286 shares of the company’s stock, valued at approximately $5,234,001.78. This represents a 12.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,359 shares of company stock valued at $7,341,029. 56.76% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of IES from a “hold” rating to a “buy” rating in a report on Thursday.

IES Stock Performance

IESC opened at $221.28 on Friday. IES Holdings, Inc. has a one year low of $81.89 and a one year high of $320.08. The stock has a market capitalization of $4.43 billion, a P/E ratio of 22.37 and a beta of 1.52. The business’s 50-day simple moving average is $244.36 and its 200-day simple moving average is $212.01.

IES 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.