Vanguard Group Inc. Has $151.39 Million Stake in IES Holdings, Inc. (NASDAQ:IESC)

Vanguard Group Inc. raised its stake in IES Holdings, Inc. (NASDAQ:IESC) by 38.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 753,331 shares of the technology company’s stock after acquiring an additional 210,925 shares during the quarter. Vanguard Group Inc. owned approximately 3.76% of IES worth $151,389,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Thrivent Financial for Lutherans grew 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 last quarter. Franklin Resources Inc. boosted its position in 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 buying an additional 68,750 shares during the period. LPL Financial LLC grew its holdings in IES by 588.0% during the 4th quarter. LPL Financial LLC now owns 46,426 shares of the technology company’s stock worth $9,330,000 after acquiring an additional 39,678 shares during the last quarter. Barclays PLC raised its stake in shares of IES by 411.1% during the third quarter. Barclays PLC now owns 15,176 shares of the technology company’s stock valued at $3,029,000 after acquiring an additional 12,207 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of IES during the fourth quarter worth $2,361,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.

IES Price Performance

Shares of IESC opened at $164.10 on Tuesday. The business has a 50-day moving average of $192.01 and a 200-day moving average of $221.73. IES Holdings, Inc. has a 1 year low of $112.73 and a 1 year high of $320.09. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 15.28 and a beta of 1.51.

IES (NASDAQ:IESC) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $2.64 earnings per share (EPS) for the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%.

Analysts Set New Price Targets

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

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.