Thrivent Financial for Lutherans grew its stake in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 140.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 125,500 shares of the technology company's stock after buying an additional 73,271 shares during the period. Thrivent Financial for Lutherans owned 0.63% of IES worth $25,221,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. J.Safra Asset Management Corp boosted its holdings in IES by 56.8% in the fourth 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. Smithfield Trust Co bought a new stake in shares of IES in the 4th quarter valued at $34,000. Harbour Investments Inc. acquired a new stake in shares of IES during the fourth quarter worth $71,000. Jones Financial Companies Lllp bought a new position in IES during the fourth quarter worth $74,000. Finally, KBC Group NV lifted its holdings in IES by 52.5% in the fourth quarter. KBC Group NV now owns 401 shares of the technology company's stock valued at $81,000 after buying an additional 138 shares during the period. Institutional investors and hedge funds own 86.60% of the company's stock.
IES Stock Down 0.1 %
IESC traded down $0.24 during trading on Tuesday, hitting $186.83. The company's stock had a trading volume of 122,588 shares, compared to its average volume of 225,687. The firm has a market capitalization of $3.74 billion, a P/E ratio of 17.40 and a beta of 1.57. IES Holdings, Inc. has a twelve month low of $112.73 and a twelve month high of $320.08. The stock's fifty day moving average price is $211.21 and its 200-day moving average price is $220.91.
IES (NASDAQ:IESC - Get Free Report) last released its earnings results on Tuesday, February 4th. The technology company reported $2.64 earnings per share (EPS) for the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered IES from a "buy" rating to a "hold" rating in a research report on Friday, March 14th.
Check Out Our Latest Stock Report on IES
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.
Further Reading
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