Charles Schwab Investment Management Inc. grew its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 6.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,457 shares of the technology company's stock after purchasing an additional 4,718 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.41% of IES worth $16,370,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Summit Partners Public Asset Management LLC lifted its position in shares of IES by 165.4% during the 3rd quarter. Summit Partners Public Asset Management LLC now owns 119,438 shares of the technology company's stock valued at $23,842,000 after buying an additional 74,438 shares during the last quarter. Franklin Resources Inc. boosted its position in IES by 79.3% during the third quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company's stock worth $31,026,000 after purchasing an additional 68,750 shares during the period. FMR LLC raised its position in shares of IES by 4.6% in the third quarter. FMR LLC now owns 1,476,238 shares of the technology company's stock valued at $294,687,000 after purchasing an additional 65,145 shares during the period. Thrivent Financial for Lutherans purchased a new stake in shares of IES during the 3rd quarter valued at approximately $10,426,000. Finally, Polar Asset Management Partners Inc. bought a new position in IES in the 3rd quarter worth approximately $3,453,000. 86.60% of the stock is currently owned by institutional investors.
IES Stock Up 1.5 %
Shares of NASDAQ IESC traded up $2.81 during mid-day trading on Monday, reaching $187.07. 139,552 shares of the company were exchanged, compared to its average volume of 171,830. The company's 50 day moving average price is $211.90 and its 200 day moving average price is $220.64. IES Holdings, Inc. has a 52 week low of $112.73 and a 52 week high of $320.09. The stock has a market capitalization of $3.74 billion, a PE ratio of 17.42 and a beta of 1.57.
IES (NASDAQ:IESC - Get Free Report) last released its earnings results 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%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered IES from a "buy" rating to a "hold" rating in a research note on Friday, March 14th.
Read Our Latest Stock Analysis on IESC
IES Profile
(
Free Report)
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.
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