UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $4.29 Million Stock Holdings in IES Holdings, Inc. (NASDAQ:IESC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,352 shares of the technology company's stock after purchasing an additional 1,891 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.11% of IES worth $4,291,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. J.Safra Asset Management Corp boosted its holdings 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 purchasing an additional 50 shares during the last quarter. Smithfield Trust Co purchased a new stake in IES during the 4th quarter worth $34,000. National Bank of Canada FI bought a new stake in shares of IES in the 4th quarter worth about $54,000. Harbour Investments Inc. bought a new stake in shares of IES in the 4th quarter worth about $71,000. Finally, Jones Financial Companies Lllp bought a new stake in shares of IES during the 4th quarter valued at about $74,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

IES Trading Up 0.3%

IESC stock traded up $0.85 on Thursday, hitting $270.80. 123,801 shares of the company's stock traded hands, compared to its average volume of 175,496. IES Holdings, Inc. has a 1-year low of $124.55 and a 1-year high of $320.09. The stock has a market cap of $5.38 billion, a price-to-earnings ratio of 25.21 and a beta of 1.57. The stock has a fifty day moving average of $216.70 and a 200-day moving average of $221.66.

IES (NASDAQ:IESC - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The technology company reported $3.30 EPS for the quarter. The business had revenue of $834.00 million during 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.