LPL Financial LLC Buys 39,678 Shares of IES Holdings, Inc. (NASDAQ:IESC)

LPL Financial LLC increased its stake in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 588.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,426 shares of the technology company's stock after acquiring an additional 39,678 shares during the period. LPL Financial LLC owned approximately 0.23% of IES worth $9,330,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. State Street Corp lifted its stake in shares of IES by 3.2% in the 3rd quarter. State Street Corp now owns 209,943 shares of the technology company's stock valued at $41,909,000 after purchasing an additional 6,492 shares during the last quarter. Geode Capital Management LLC lifted its position in IES by 0.3% in the third 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. lifted its position in IES by 79.3% in the third quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company's stock worth $31,026,000 after buying an additional 68,750 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in 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 buying an additional 73,271 shares during the period. Finally, Hennessy Advisors Inc. increased its position in IES by 6.9% during the fourth quarter. Hennessy Advisors Inc. now owns 82,600 shares of the technology company's stock valued at $16,599,000 after acquiring an additional 5,300 shares during the last quarter. 86.60% of the stock is owned by institutional investors.

IES Stock Up 14.9 %

IESC traded up $24.55 on Wednesday, reaching $189.67. 323,446 shares of the company traded hands, compared to its average volume of 175,826. The company 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 one year low of $112.73 and a one year high of $320.09. The firm has a fifty day simple moving average of $188.66 and a two-hundred day simple moving average of $220.99.

IES (NASDAQ:IESC - Get Free Report) last issued 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%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of IES from a "buy" rating to a "hold" rating in a research note on Friday, March 14th.

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.