Deutsche Bank AG Boosts Stake in IES Holdings, Inc. (NASDAQ:IESC)

Deutsche Bank AG grew its stake in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 40.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,703 shares of the technology company's stock after acquiring an additional 8,889 shares during the period. Deutsche Bank AG owned 0.15% of IES worth $6,170,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of IES during the fourth quarter valued at approximately $482,000. Cubist Systematic Strategies LLC purchased a new stake in IES during the fourth quarter worth $7,075,000. Benjamin Edwards Inc. purchased a new stake in IES during the fourth quarter worth $237,000. Algert Global LLC lifted its holdings in IES by 6.4% during the fourth quarter. Algert Global LLC now owns 29,076 shares of the technology company's stock worth $5,843,000 after buying an additional 1,758 shares during the period. Finally, AXA S.A. purchased a new stake in IES during the fourth quarter worth $2,328,000. 86.60% of the stock is currently owned by institutional investors.

IES Stock Performance

IESC traded down $3.51 during trading on Tuesday, hitting $250.74. The stock had a trading volume of 102,811 shares, compared to its average volume of 175,997. The company has a market capitalization of $4.98 billion, a PE ratio of 23.35 and a beta of 1.57. IES Holdings, Inc. has a twelve month low of $124.55 and a twelve month high of $320.09. The stock has a 50 day simple moving average of $200.51 and a two-hundred day simple moving average of $222.22.

IES (NASDAQ:IESC - Get Free Report) last released its earnings results on Friday, May 2nd. The technology company reported $3.30 earnings per share (EPS) for the quarter. The firm 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%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of 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.