Forge First Asset Management Inc. Has $453,000 Stock Holdings in IES Holdings, Inc. (NASDAQ:IESC)

Forge First Asset Management Inc. cut its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 49.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,253 shares of the technology company’s stock after selling 2,243 shares during the quarter. Forge First Asset Management Inc.’s holdings in IES were worth $453,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IESC. Principal Financial Group Inc. grew its position in shares of IES by 56.9% during the 3rd quarter. Principal Financial Group Inc. now owns 7,269 shares of the technology company’s stock worth $1,451,000 after buying an additional 2,636 shares during the period. Axxcess Wealth Management LLC bought a new position in shares of IES during the 3rd quarter valued at about $755,000. GSA Capital Partners LLP lifted its holdings in shares of IES by 75.0% during the 3rd quarter. GSA Capital Partners LLP now owns 4,501 shares of the technology company’s stock valued at $898,000 after purchasing an additional 1,929 shares in the last quarter. Souders Financial Advisors bought a new position in shares of IES during the 3rd quarter valued at about $241,000. Finally, Royce & Associates LP lifted its holdings in shares of IES by 15.1% during the 3rd quarter. Royce & Associates LP now owns 294,808 shares of the technology company’s stock valued at $58,850,000 after purchasing an additional 38,783 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut IES from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th.

Insider Buying and Selling

In related news, CFO Tracy Mclauchlin sold 5,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $253.02, for a total transaction of $1,265,100.00. Following the completion of the transaction, the chief financial officer now directly owns 71,177 shares in the company, valued at $18,009,204.54. The trade was a 6.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey L. Et Al Gendell sold 470 shares of IES stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $252.25, for a total value of $118,557.50. Following the sale, the chief executive officer now directly owns 10,957,184 shares of the company’s stock, valued at approximately $2,763,949,664. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 56.76% of the stock is currently owned by insiders.

IES Price Performance

Shares of NASDAQ IESC opened at $169.55 on Wednesday. The stock’s fifty day moving average price is $217.97 and its two-hundred day moving average price is $220.35. IES Holdings, Inc. has a one year low of $100.60 and a one year high of $320.09. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 15.79 and a beta of 1.57.

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

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.