DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Makes New $482,000 Investment in IES Holdings, Inc. (NASDAQ:IESC)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in IES Holdings, Inc. (NASDAQ:IESC) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 2,399 shares of the technology company’s stock, valued at approximately $482,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of IES by 38.9% in the 4th quarter. Vanguard Group Inc. now owns 753,331 shares of the technology company’s stock valued at $151,389,000 after acquiring an additional 210,925 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of IES by 140.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 125,500 shares of the technology company’s stock worth $25,221,000 after purchasing an additional 73,271 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of IES by 27.6% during the fourth quarter. Invesco Ltd. now owns 200,799 shares of the technology company’s stock worth $40,353,000 after purchasing an additional 43,449 shares during the period. LPL Financial LLC lifted its stake in IES by 588.0% during the 4th quarter. LPL Financial LLC now owns 46,426 shares of the technology company’s stock valued at $9,330,000 after acquiring an additional 39,678 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of IES by 17.0% in the 4th quarter. Geode Capital Management LLC now owns 244,620 shares of the technology company’s stock valued at $49,168,000 after acquiring an additional 35,474 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

IES Stock Down 2.2%

Shares of IESC opened at $244.99 on Monday. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 22.81 and a beta of 1.57. IES Holdings, Inc. has a 52 week low of $124.55 and a 52 week high of $320.09. The stock’s 50-day moving average price is $187.67 and its 200-day moving average price is $220.02.

IES (NASDAQ:IESC) last released its quarterly earnings data on Friday, May 2nd. The technology company reported $3.30 EPS for the quarter. The business had revenue of $834.00 million for the quarter. IES had a return on equity of 35.81% and a net margin of 7.30%.

IES 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.