Harvest Investment Services LLC Increases Position in IES Holdings, Inc. (NASDAQ:IESC)

Harvest Investment Services LLC lifted its position in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 184.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,497 shares of the technology company's stock after purchasing an additional 6,164 shares during the period. Harvest Investment Services LLC's holdings in IES were worth $1,909,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of IES by 38.9% during the 4th quarter. Vanguard Group Inc. now owns 753,331 shares of the technology company's stock worth $151,389,000 after buying an additional 210,925 shares during the last quarter. Geode Capital Management LLC raised its stake in IES by 17.0% during the 4th quarter. Geode Capital Management LLC now owns 244,620 shares of the technology company's stock worth $49,168,000 after acquiring an additional 35,474 shares in the last quarter. Invesco Ltd. lifted its position in IES by 27.6% in the fourth quarter. Invesco Ltd. now owns 200,799 shares of the technology company's stock valued at $40,353,000 after acquiring an additional 43,449 shares during the last quarter. Franklin Resources Inc. boosted its stake in IES by 4.6% in the fourth quarter. Franklin Resources Inc. now owns 162,561 shares of the technology company's stock valued at $32,668,000 after acquiring an additional 7,135 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of IES by 140.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 125,500 shares of the technology company's stock worth $25,221,000 after purchasing an additional 73,271 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut IES from a "buy" rating to a "hold" rating in a research report on Friday, March 14th.

IES Trading Up 2.9 %

Shares of IES stock traded up $5.70 during trading on Friday, reaching $201.40. The company's stock had a trading volume of 166,922 shares, compared to its average volume of 177,921. The company has a 50-day moving average price of $179.08 and a two-hundred day moving average price of $219.55. IES Holdings, Inc. has a fifty-two week low of $124.55 and a fifty-two week high of $320.09. The firm has a market cap of $4.03 billion, a PE ratio of 18.75 and a beta of 1.51.

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

IES Company 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.