Nuveen Asset Management LLC Acquires 9,491 Shares of IES Holdings, Inc. (NASDAQ:IESC)

Nuveen Asset Management LLC lifted its position in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 36.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,315 shares of the technology company's stock after purchasing an additional 9,491 shares during the quarter. Nuveen Asset Management LLC owned 0.18% of IES worth $7,097,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its stake in IES by 1,856.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,070 shares of the technology company's stock worth $818,000 after buying an additional 3,862 shares in the last quarter. Barclays PLC lifted its holdings in shares of IES by 411.1% in the 3rd 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 boosted its stake 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 valued at $1,409,000 after purchasing an additional 1,463 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of IES in the 4th quarter valued at $2,361,000. Finally, Navellier & Associates Inc. grew its holdings in shares of IES by 70.9% during 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 currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

IES Stock Performance

IESC stock traded up $7.65 during trading on Tuesday, hitting $271.80. 203,978 shares of the company traded hands, compared to its average volume of 175,171. The company has a 50-day moving average of $214.63 and a 200-day moving average of $221.32. The firm has a market capitalization of $5.40 billion, a PE ratio of 25.31 and a beta of 1.57. IES Holdings, Inc. has a 1 year low of $124.55 and a 1 year high of $320.09.

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

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.