Scotia Capital Inc. Makes New $955,000 Investment in IES Holdings, Inc. (NASDAQ:IESC)

Scotia Capital Inc. purchased a new position in IES Holdings, Inc. (NASDAQ:IESC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,752 shares of the technology company's stock, valued at approximately $955,000.

A number of other large investors have also modified their holdings of the business. J.Safra Asset Management Corp boosted its stake in IES by 56.8% in the 4th quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company's stock worth $28,000 after purchasing an additional 50 shares in the last quarter. Moran Wealth Management LLC grew its holdings in shares of IES by 1.8% during the fourth quarter. Moran Wealth Management LLC now owns 3,401 shares of the technology company's stock valued at $683,000 after buying an additional 61 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of IES by 21.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 551 shares of the technology company's stock valued at $111,000 after acquiring an additional 99 shares during the period. Peterson Wealth Services raised its stake in IES by 1.2% in the 4th quarter. Peterson Wealth Services now owns 8,110 shares of the technology company's stock worth $1,630,000 after acquiring an additional 100 shares during the last quarter. Finally, PFG Advisors lifted its position in IES by 3.0% during the 4th quarter. PFG Advisors now owns 3,810 shares of the technology company's stock worth $766,000 after acquiring an additional 111 shares during the period. Hedge funds and other institutional investors own 86.60% of the company's stock.

IES Stock Down 1.7 %

Shares of NASDAQ:IESC traded down $3.18 during midday trading on Friday, reaching $183.00. The company's stock had a trading volume of 94,120 shares, compared to its average volume of 177,626. The firm has a market capitalization of $3.66 billion, a PE ratio of 17.04 and a beta of 1.51. The stock has a fifty day moving average of $182.89 and a 200 day moving average of $220.28. IES Holdings, Inc. has a twelve month low of $112.73 and a twelve month high of $320.09.

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

Wall Street Analyst Weigh In

Separately, StockNews.com cut 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.