Itau Unibanco Holding S.A. Makes New $427,000 Investment in IES Holdings, Inc. (NASDAQ:IESC)

Itau Unibanco Holding S.A. acquired a new stake in IES Holdings, Inc. (NASDAQ:IESC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,100 shares of the technology company's stock, valued at approximately $427,000.

Other institutional investors have also added to or reduced their stakes in the company. J.Safra Asset Management Corp grew its stake in IES by 56.8% in the fourth 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 period. Smithfield Trust Co purchased a new stake in IES in the 4th quarter valued at $34,000. National Bank of Canada FI purchased a new position in shares of IES in the 4th quarter worth approximately $54,000. Harbour Investments Inc. purchased a new position in shares of IES in the 4th quarter worth about $71,000. Finally, Jones Financial Companies Lllp purchased a new stake in IES in the 4th quarter worth about $74,000. 86.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

IES Stock Up 1.3 %

Shares of IESC traded up $3.21 during mid-day trading on Wednesday, hitting $241.52. 31,530 shares of the company's stock traded hands, compared to its average volume of 177,657. IES Holdings, Inc. has a 1 year low of $124.55 and a 1 year high of $320.09. The business's 50-day moving average price is $183.18 and its 200-day moving average price is $219.37. The firm has a market capitalization of $4.83 billion, a P/E ratio of 22.37 and a beta of 1.57.

IES (NASDAQ:IESC - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The technology company reported $3.30 earnings per share 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.

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.