Intech Investment Management LLC Buys 1,194 Shares of IES Holdings, Inc. (NASDAQ:IESC)

Intech Investment Management LLC lifted its stake in shares of IES Holdings, Inc. (NASDAQ:IESC) by 39.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,242 shares of the technology company’s stock after buying an additional 1,194 shares during the quarter. Intech Investment Management LLC’s holdings in IES were worth $852,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC boosted its position in shares of IES by 4.6% in the third quarter. FMR LLC now owns 1,476,238 shares of the technology company’s stock valued at $294,687,000 after acquiring an additional 65,145 shares during the period. State Street Corp raised its stake in IES by 3.2% in the 3rd quarter. State Street Corp now owns 209,943 shares of the technology company’s stock worth $41,909,000 after purchasing an additional 6,492 shares in the last quarter. Geode Capital Management LLC boosted its holdings in IES by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 209,146 shares of the technology company’s stock valued at $41,757,000 after purchasing an additional 623 shares during the period. Franklin Resources Inc. grew its position in shares of IES by 79.3% during the 3rd quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company’s stock worth $31,026,000 after purchasing an additional 68,750 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of IES by 140.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 125,500 shares of the technology company’s stock worth $25,221,000 after purchasing an additional 73,271 shares during the period. Institutional investors own 86.60% of the company’s stock.

Analyst Ratings Changes

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

IES Price Performance

Shares of IESC opened at $184.26 on Monday. The firm has a 50 day simple moving average of $211.90 and a two-hundred day simple moving average of $220.64. IES Holdings, Inc. has a one year low of $112.73 and a one year high of $320.09. The company has a market cap of $3.69 billion, a P/E ratio of 17.16 and a beta of 1.57.

IES (NASDAQ:IESC) last posted its quarterly 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%.

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.