Northern Trust Corp Purchases 983 Shares of IES Holdings, Inc. (NASDAQ:IESC)

Northern Trust Corp grew its position in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 84,702 shares of the technology company's stock after acquiring an additional 983 shares during the quarter. Northern Trust Corp owned about 0.42% of IES worth $17,022,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in IES by 411.1% during the 3rd quarter. Barclays PLC now owns 15,176 shares of the technology company's stock worth $3,029,000 after buying an additional 12,207 shares during the last quarter. Hennessy Advisors Inc. grew its holdings in shares of IES by 6.9% during the fourth quarter. Hennessy Advisors Inc. now owns 82,600 shares of the technology company's stock valued at $16,599,000 after buying an additional 5,300 shares in the last quarter. KBC Group NV boosted its position in IES by 52.5% during the fourth quarter. KBC Group NV now owns 401 shares of the technology company's stock valued at $81,000 after purchasing an additional 138 shares during the last quarter. Highland Capital Management LLC acquired a new stake in shares of IES in the fourth quarter worth about $212,000. Finally, Peterson Wealth Services lifted its position in shares of IES by 1.2% in the fourth quarter. Peterson Wealth Services now owns 8,110 shares of the technology company's stock worth $1,630,000 after buying an additional 100 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

IES Stock Performance

IESC traded down $1.92 during mid-day trading on Tuesday, reaching $252.33. The stock had a trading volume of 12,065 shares, compared to its average volume of 175,559. The firm's fifty day simple moving average is $199.08 and its two-hundred day simple moving average is $222.02. The stock has a market capitalization of $5.01 billion, a P/E ratio of 23.59 and a beta of 1.57. IES Holdings, Inc. has a 52 week low of $124.55 and a 52 week high of $320.09.

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

IES 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.