Deutsche Bank AG Acquires 8,889 Shares of IES Holdings, Inc. (NASDAQ:IESC)

Deutsche Bank AG boosted its position in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 40.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,703 shares of the technology company's stock after purchasing an additional 8,889 shares during the quarter. Deutsche Bank AG owned about 0.15% of IES worth $6,170,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp increased its stake in shares of IES by 56.8% in the 4th 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 about $34,000. National Bank of Canada FI bought a new stake in shares of IES in the 4th quarter valued at about $54,000. Harbour Investments Inc. bought a new stake in shares of IES in the 4th quarter valued at about $71,000. Finally, Jones Financial Companies Lllp bought a new stake in shares of IES in the 4th quarter valued at about $74,000. 86.60% of the stock is owned by institutional investors.

IES Trading Up 1.1%

Shares of IESC stock traded up $2.70 on Friday, reaching $244.57. The company had a trading volume of 72,231 shares, compared to its average volume of 175,461. The stock has a market cap of $4.86 billion, a PE ratio of 22.77 and a beta of 1.57. The company has a 50-day moving average of $204.21 and a 200-day moving average of $222.40. IES Holdings, Inc. has a 12 month low of $124.55 and a 12 month high of $320.09.

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut IES from a "buy" rating to a "hold" rating in a research note on Friday, March 14th.

About IES

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.