IES Holdings, Inc. (NASDAQ:IESC) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in IES Holdings, Inc. (NASDAQ:IESC) by 6.1% in the 4th quarter, Holdings Channel reports. The firm owned 81,457 shares of the technology company’s stock after purchasing an additional 4,718 shares during the period. Charles Schwab Investment Management Inc.’s holdings in IES were worth $16,370,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IESC. Jones Financial Companies Lllp purchased a new stake in shares of IES in the 4th quarter valued at $74,000. Linscomb Wealth Inc. acquired a new position in IES in the 4th quarter valued at about $201,000. Cavalier Investments LLC increased its stake in IES by 3.5% during the fourth quarter. Cavalier Investments LLC now owns 5,664 shares of the technology company’s stock worth $1,138,000 after purchasing an additional 192 shares during the period. Colonial River Investments LLC lifted its position in shares of IES by 6.6% during the fourth quarter. Colonial River Investments LLC now owns 4,043 shares of the technology company’s stock worth $812,000 after purchasing an additional 249 shares in the last quarter. Finally, Navellier & Associates Inc. boosted its stake in shares of IES by 70.9% in the fourth quarter. Navellier & Associates Inc. now owns 5,190 shares of the technology company’s stock valued at $1,043,000 after purchasing an additional 2,153 shares during the period. Hedge funds and other institutional investors own 86.60% of the company’s stock.

IES Trading Down 1.3 %

Shares of NASDAQ IESC opened at $187.03 on Friday. The stock has a market cap of $3.74 billion, a P/E ratio of 17.41 and a beta of 1.57. The business’s fifty day simple moving average is $212.70 and its 200-day simple moving average is $219.87. IES Holdings, Inc. has a 12-month low of $110.17 and a 12-month high of $320.09.

IES (NASDAQ:IESC) last issued 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%.

Wall Street Analyst Weigh In

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

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.