Knights of Columbus Asset Advisors LLC Sells 4,108 Shares of IES Holdings, Inc. (NASDAQ:IESC)

Knights of Columbus Asset Advisors LLC reduced its stake in shares of IES Holdings, Inc. (NASDAQ:IESC) by 28.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 10,179 shares of the technology company’s stock after selling 4,108 shares during the period. Knights of Columbus Asset Advisors LLC owned about 0.05% of IES worth $2,046,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. J.Safra Asset Management Corp grew its holdings in shares of IES by 56.8% in the fourth quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company’s stock valued at $28,000 after acquiring an additional 50 shares in the last quarter. Smithfield Trust Co bought a new position in shares of IES in the fourth quarter valued at approximately $34,000. Harbour Investments Inc. bought a new position in shares of IES in the fourth quarter valued at approximately $71,000. Jones Financial Companies Lllp bought a new position in shares of IES in the fourth quarter valued at approximately $74,000. Finally, KBC Group NV grew its holdings in shares of IES by 52.5% in the fourth quarter. KBC Group NV now owns 401 shares of the technology company’s stock valued at $81,000 after acquiring an additional 138 shares in the last quarter. 86.60% of the stock is owned by institutional investors.

IES Trading Down 1.5 %

IES stock opened at $184.26 on Friday. IES Holdings, Inc. has a 12 month low of $112.73 and a 12 month high of $320.09. The business’s 50 day simple moving average is $211.90 and its 200 day simple moving average is $220.22. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 17.16 and a beta of 1.57.

IES (NASDAQ:IESC) last posted 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%.

Analyst Upgrades and Downgrades

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