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

Vanguard Group Inc. lifted its stake in shares of IES Holdings, Inc. (NASDAQ:IESC) by 38.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 753,331 shares of the technology company’s stock after buying an additional 210,925 shares during the period. Vanguard Group Inc.’s holdings in IES were worth $151,389,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of IESC. Franklin Resources Inc. boosted its stake in IES by 79.3% during the third quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company’s stock worth $31,026,000 after acquiring an additional 68,750 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of IES by 1,856.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,070 shares of the technology company’s stock worth $818,000 after purchasing an additional 3,862 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of IES by 56.9% during the 3rd quarter. Principal Financial Group Inc. now owns 7,269 shares of the technology company’s stock worth $1,451,000 after purchasing an additional 2,636 shares in the last quarter. Barclays PLC grew its stake in shares of IES by 411.1% in the 3rd quarter. Barclays PLC now owns 15,176 shares of the technology company’s stock valued at $3,029,000 after buying an additional 12,207 shares during the period. Finally, Stifel Financial Corp bought a new stake in IES in the 3rd quarter valued at about $631,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

IES Trading Up 2.2 %

NASDAQ IESC opened at $164.10 on Tuesday. The company has a market cap of $3.28 billion, a P/E ratio of 15.28 and a beta of 1.51. The company has a fifty day simple moving average of $192.01 and a 200 day simple moving average of $221.73. IES Holdings, Inc. has a 12-month low of $112.73 and a 12-month high of $320.09.

IES (NASDAQ:IESC) last issued its quarterly earnings data 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%.

Analyst Upgrades and Downgrades

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

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.