IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 236,295 shares traded hands during trading, an increase of 40% from the previous session's volume of 169,261 shares.The stock last traded at $179.80 and had previously closed at $179.35.
Analyst Ratings Changes
Separately, StockNews.com lowered IES from a "buy" rating to a "hold" rating in a research note on Friday.
Get Our Latest Report on IESC
IES Trading Up 1.3 %
The stock's 50 day moving average price is $216.05 and its 200 day moving average price is $220.32. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 17.15 and a beta of 1.57.
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%.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the company. FMR LLC increased its stake in IES by 4.6% during the third quarter. FMR LLC now owns 1,476,238 shares of the technology company's stock worth $294,687,000 after acquiring an additional 65,145 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of IES by 38.9% in the 4th quarter. Vanguard Group Inc. now owns 753,331 shares of the technology company's stock valued at $151,389,000 after purchasing an additional 210,925 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of 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 purchasing an additional 35,474 shares during the period. State Street Corp increased its position in IES by 3.2% during the 3rd quarter. State Street Corp now owns 209,943 shares of the technology company's stock worth $41,909,000 after purchasing an additional 6,492 shares in the last quarter. Finally, Invesco Ltd. raised its holdings 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 buying an additional 43,449 shares during the period. 86.60% of the stock is owned by hedge funds and other institutional investors.
About IES
(
Get 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.
See Also
Before you consider IES, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IES wasn't on the list.
While IES currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
