Legato Capital Management LLC Has $8.10 Million Position in IES Holdings, Inc. (NASDAQ:IESC)

Legato Capital Management LLC reduced its stake in IES Holdings, Inc. (NASDAQ:IESC) by 25.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,293 shares of the technology company’s stock after selling 13,866 shares during the quarter. IES accounts for 1.1% of Legato Capital Management LLC’s portfolio, making the stock its 5th largest position. Legato Capital Management LLC owned approximately 0.20% of IES worth $8,097,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IESC. Franklin Resources Inc. raised its stake in shares of IES by 79.3% in the 3rd quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company’s stock valued at $31,026,000 after purchasing an additional 68,750 shares during the period. Principal Financial Group Inc. raised its position in IES by 56.9% in the 3rd quarter. Principal Financial Group Inc. now owns 7,269 shares of the technology company’s stock valued at $1,451,000 after buying an additional 2,636 shares during the last quarter. Barclays PLC lifted its stake in IES by 411.1% in the 3rd quarter. Barclays PLC now owns 15,176 shares of the technology company’s stock valued at $3,029,000 after acquiring an additional 12,207 shares in the last quarter. Stifel Financial Corp acquired a new position in IES during the 3rd quarter worth approximately $631,000. Finally, Thrivent Financial for Lutherans bought a new position in shares of IES during the 3rd quarter worth approximately $10,426,000. 86.60% of the stock is owned by institutional investors and hedge funds.

IES Stock Performance

Shares of NASDAQ IESC opened at $217.90 on Wednesday. The stock has a 50 day moving average price of $234.79 and a 200 day moving average price of $216.68. The stock has a market capitalization of $4.36 billion, a PE ratio of 20.29 and a beta of 1.52. IES Holdings, Inc. has a 52 week low of $90.40 and a 52 week high of $320.08.

IES (NASDAQ:IESC) last released 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 raised shares of IES from a “hold” rating to a “buy” rating in a research report on Wednesday.

Insider Buying and Selling at IES

In other IES news, CEO Jeffrey L. Et Al Gendell sold 12,389 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $257.37, for a total value of $3,188,556.93. Following the sale, the chief executive officer now owns 10,958,900 shares in the company, valued at $2,820,492,093. This represents a 0.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Matthew J. Simmes sold 7,000 shares of IES stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $293.32, for a total value of $2,053,240.00. Following the transaction, the chief operating officer now owns 115,341 shares of the company’s stock, valued at $33,831,822.12. This represents a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,359 shares of company stock worth $7,341,029 over the last quarter. 56.76% of the stock is currently owned by insiders.

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.