Harvest Investment Services LLC increased its position in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 184.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,497 shares of the technology company's stock after purchasing an additional 6,164 shares during the quarter. Harvest Investment Services LLC's holdings in IES were worth $1,909,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp lifted its stake in shares of IES by 56.8% in the fourth quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company's stock worth $28,000 after buying an additional 50 shares in the last quarter. Smithfield Trust Co purchased a new position in IES in the 4th quarter worth approximately $34,000. National Bank of Canada FI acquired a new position in shares of IES during the 4th quarter worth approximately $54,000. Harbour Investments Inc. acquired a new position in IES during the fourth quarter worth $71,000. Finally, Jones Financial Companies Lllp purchased a new stake in IES in the 4th quarter valued at $74,000. Hedge funds and other institutional investors own 86.60% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered shares of IES from a "buy" rating to a "hold" rating in a report on Friday, March 14th.
Get Our Latest Analysis on IES
IES Price Performance
IESC traded up $5.70 during trading hours on Friday, reaching $201.40. The company's stock had a trading volume of 166,922 shares, compared to its average volume of 178,126. The business's 50-day moving average is $179.08 and its 200-day moving average is $219.64. The stock has a market cap of $4.03 billion, a PE ratio of 18.75 and a beta of 1.51. IES Holdings, Inc. has a fifty-two week low of $124.55 and a fifty-two week high of $320.09.
IES (NASDAQ:IESC - Get Free Report) last announced its earnings results on Tuesday, February 4th. The technology company reported $2.64 earnings per share for the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%.
About IES
(
Free Report)
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.
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