AQR Capital Management LLC Has $6.75 Million Stake in IES Holdings, Inc. (NASDAQ:IESC)

AQR Capital Management LLC raised its stake in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 22.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,589 shares of the technology company's stock after acquiring an additional 6,119 shares during the period. AQR Capital Management LLC owned 0.17% of IES worth $6,750,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in IESC. Franklin Resources Inc. boosted its position in IES by 79.3% during the 3rd quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company's stock valued at $31,026,000 after purchasing an additional 68,750 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of IES by 1,856.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,070 shares of the technology company's stock valued at $818,000 after acquiring an additional 3,862 shares during the period. Barclays PLC grew its position in shares of IES by 411.1% during the third quarter. Barclays PLC now owns 15,176 shares of the technology company's stock worth $3,029,000 after acquiring an additional 12,207 shares during the last quarter. Convergence Investment Partners LLC increased its holdings in shares of IES by 26.4% in the 4th quarter. Convergence Investment Partners LLC now owns 7,010 shares of the technology company's stock worth $1,409,000 after acquiring an additional 1,463 shares during the period. Finally, Navellier & Associates Inc. lifted its position in IES by 70.9% in the 4th quarter. Navellier & Associates Inc. now owns 5,190 shares of the technology company's stock valued at $1,043,000 after purchasing an additional 2,153 shares during the last quarter. 86.60% of the stock is owned by institutional investors.

IES Stock Down 2.2 %

IES stock traded down $5.62 during mid-day trading on Friday, hitting $244.99. 87,372 shares of the company's stock traded hands, compared to its average volume of 177,619. IES Holdings, Inc. has a one year low of $124.55 and a one year high of $320.09. The firm has a 50 day moving average price of $187.67 and a 200 day moving average price of $219.95. The company has a market cap of $4.86 billion, a PE ratio of 22.81 and a beta of 1.57.

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

Wall Street Analysts Forecast Growth

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

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.