IES Holdings, Inc. (NASDAQ:IESC) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 38.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 753,331 shares of the technology company's stock after acquiring an additional 210,925 shares during the quarter. Vanguard Group Inc. owned approximately 3.76% of IES worth $151,389,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. J.Safra Asset Management Corp lifted its position in IES by 56.8% during the 4th quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company's stock worth $28,000 after acquiring an additional 50 shares during the period. Smithfield Trust Co bought a new position in IES during the fourth quarter valued at about $34,000. Harbour Investments Inc. bought a new position in shares of IES in the 4th quarter valued at approximately $71,000. Jones Financial Companies Lllp acquired a new stake in IES in the 4th quarter valued at about $74,000. Finally, KBC Group NV increased 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 purchasing an additional 138 shares during the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

IES Trading Down 0.4 %

Shares of IESC traded down $0.81 on Friday, reaching $179.85. 134,628 shares of the company's stock traded hands, compared to its average volume of 176,237. IES Holdings, Inc. has a 52-week low of $112.73 and a 52-week high of $320.09. The stock's 50 day simple moving average is $187.18 and its two-hundred day simple moving average is $220.87. The stock has a market cap of $3.60 billion, a PE ratio of 16.75 and a beta of 1.51.

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

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.