KLP Kapitalforvaltning AS purchased a new position in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,900 shares of the technology company's stock, valued at approximately $382,000.
Several other institutional investors and hedge funds have also made changes to their positions in IESC. State Street Corp lifted its stake in IES by 3.2% during the third 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 during the last quarter. Geode Capital Management LLC lifted its position in shares of IES by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 209,146 shares of the technology company's stock worth $41,757,000 after buying an additional 623 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of 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. Thrivent Financial for Lutherans grew its position in shares of IES by 140.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 125,500 shares of the technology company's stock valued at $25,221,000 after buying an additional 73,271 shares during the last quarter. Finally, Hennessy Advisors Inc. raised its stake in IES by 6.9% during the 4th quarter. Hennessy Advisors Inc. now owns 82,600 shares of the technology company's stock worth $16,599,000 after acquiring an additional 5,300 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.
IES Stock Performance
NASDAQ IESC traded up $24.55 on Wednesday, reaching $189.67. The stock had a trading volume of 323,446 shares, compared to its average volume of 175,826. The stock has a market cap of $3.79 billion, a P/E ratio of 17.66 and a beta of 1.51. IES Holdings, Inc. has a 12-month low of $112.73 and a 12-month high of $320.09. The business's 50-day moving average price is $188.66 and its 200 day moving average price is $220.99.
IES (NASDAQ:IESC - Get Free Report) last released 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%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered IES from a "buy" rating to a "hold" rating in a report on Friday, March 14th.
Get Our Latest Stock Report on IES
IES Company 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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