LRT Capital Management LLC Buys New Position in IES Holdings, Inc. (NASDAQ:IESC)

LRT Capital Management LLC purchased a new stake in IES Holdings, Inc. (NASDAQ:IESC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,447 shares of the technology company's stock, valued at approximately $1,497,000.

Other large investors have also made changes to their positions in the company. J.Safra Asset Management Corp boosted its position 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 worth $28,000 after purchasing an additional 50 shares during the last quarter. Smithfield Trust Co bought a new position in shares of IES in the 4th quarter valued at about $34,000. National Bank of Canada FI acquired a new position in shares of IES during the 4th quarter worth about $54,000. Harbour Investments Inc. acquired a new stake in shares of IES in the fourth quarter valued at approximately $71,000. Finally, Jones Financial Companies Lllp bought a new position in shares of IES in the fourth quarter valued at about $74,000. Institutional investors and hedge funds own 86.60% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com cut IES from a "buy" rating to a "hold" rating in a research report on Friday, March 14th.

IES Trading Down 1.8%

NASDAQ:IESC traded down $4.72 on Thursday, reaching $262.79. 91,362 shares of the stock traded hands, compared to its average volume of 176,627. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 24.47 and a beta of 1.57. The company's 50 day moving average is $193.56 and its 200-day moving average is $221.07. 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 announced its quarterly earnings results on Friday, May 2nd. The technology company reported $3.30 earnings per share (EPS) for the quarter. IES had a return on equity of 35.81% and a net margin of 7.30%. The business 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.