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

Legato Capital Management LLC decreased its position in IES Holdings, Inc. (NASDAQ:IESC) by 25.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 40,293 shares of the technology company’s stock after selling 13,866 shares during the period. IES accounts for about 1.1% of Legato Capital Management LLC’s portfolio, making the stock its 5th largest holding. Legato Capital Management LLC’s holdings in IES were worth $8,097,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Franklin Resources Inc. grew its holdings in 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 buying an additional 68,750 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of IES by 56.9% in the third quarter. Principal Financial Group Inc. now owns 7,269 shares of the technology company’s stock valued at $1,451,000 after acquiring an additional 2,636 shares during the period. Barclays PLC boosted its position in shares of IES by 411.1% in the third 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 during the period. Stifel Financial Corp acquired a new position in shares of IES in the third quarter valued at about $631,000. Finally, Thrivent Financial for Lutherans bought a new position in IES during the third quarter worth about $10,426,000. 86.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other IES news, VP Mary K. Newman sold 2,500 shares of IES stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $286.23, for a total value of $715,575.00. Following the transaction, the vice president now owns 18,286 shares in the company, valued at $5,234,001.78. The trade was a 12.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffrey L. Et Al Gendell sold 470 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $252.25, for a total transaction of $118,557.50. Following the completion of the transaction, the chief executive officer now directly owns 10,957,184 shares of the company’s stock, valued at $2,763,949,664. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,359 shares of company stock worth $7,341,029. 56.76% of the stock is currently owned by corporate insiders.

IES Price Performance

IES stock opened at $217.90 on Wednesday. The firm has a market cap of $4.36 billion, a PE ratio of 20.29 and a beta of 1.52. The stock’s fifty day moving average price is $234.79 and its two-hundred day moving average price is $216.68. IES Holdings, Inc. has a one year low of $90.40 and a one year high of $320.08.

IES (NASDAQ:IESC) last issued its quarterly earnings results 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 Ratings Changes

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

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.