HighTower Advisors LLC acquired a new stake in IES Holdings, Inc. (NASDAQ:IESC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,582 shares of the technology company's stock, valued at approximately $318,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Moran Wealth Management LLC grew its holdings in shares of IES by 1.8% during the 4th quarter. Moran Wealth Management LLC now owns 3,401 shares of the technology company's stock valued at $683,000 after purchasing an additional 61 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of IES during the fourth quarter worth $2,361,000. Smithfield Trust Co acquired a new position in shares of IES during the fourth quarter worth $34,000. J.Safra Asset Management Corp lifted its stake in shares of IES by 56.8% in the 4th 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of IES by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 81,457 shares of the technology company's stock valued at $16,370,000 after acquiring an additional 4,718 shares in the last quarter. Institutional investors own 86.60% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded IES from a "buy" rating to a "hold" rating in a research report on Friday, March 14th.
View Our Latest Stock Analysis on IES
IES Trading Down 0.6 %
NASDAQ:IESC traded down $1.05 during mid-day trading on Friday, hitting $160.58. 351,180 shares of the company's stock were exchanged, compared to its average volume of 220,798. IES Holdings, Inc. has a fifty-two week low of $112.73 and a fifty-two week high of $320.08. The firm has a market capitalization of $3.21 billion, a P/E ratio of 14.95 and a beta of 1.51. The company has a 50 day simple moving average of $195.51 and a 200-day simple moving average of $221.07.
IES (NASDAQ:IESC - Get Free Report) last issued its quarterly earnings results 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%.
About IES
(
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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