StockNews.com upgraded shares of IES (NASDAQ:IESC – Free Report) from a hold rating to a buy rating in a research note issued to investors on Wednesday.
IES Trading Up 2.0 %
NASDAQ:IESC opened at $227.48 on Wednesday. The firm has a market cap of $4.55 billion, a PE ratio of 21.18 and a beta of 1.52. The stock has a fifty day moving average price of $231.29 and a 200 day moving average price of $217.33. IES has a 12-month low of $95.47 and a 12-month high of $320.08.
IES (NASDAQ:IESC – Get Free Report) 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 return on equity of 35.81% and a net margin of 7.30%.
Insider Buying and Selling at IES
Institutional Trading of IES
A number of hedge funds and other institutional investors have recently made changes to their positions in IESC. J.Safra Asset Management Corp increased its position in shares of IES by 56.8% during the fourth 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 in the last quarter. Smithfield Trust Co acquired a new position in IES in the 4th quarter valued at about $34,000. Gladius Capital Management LP acquired a new position in IES in the 3rd quarter valued at about $44,000. National Bank of Canada FI acquired a new position in IES in the 4th quarter valued at about $54,000. Finally, Harbour Investments Inc. acquired a new position in IES in the 4th quarter valued at about $71,000. Institutional investors and hedge funds own 86.60% of the company’s stock.
About IES
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.
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