National Bank of Canada FI Buys Shares of 271 IES Holdings, Inc. (NASDAQ:IESC)

National Bank of Canada FI purchased a new position in IES Holdings, Inc. (NASDAQ:IESC) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 271 shares of the technology company’s stock, valued at approximately $54,000.

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

Wall Street Analyst Weigh In

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

IES Trading Down 0.4 %

Shares of IES stock opened at $179.85 on Friday. IES Holdings, Inc. has a 52 week low of $112.73 and a 52 week high of $320.09. The stock has a market cap of $3.60 billion, a PE ratio of 16.75 and a beta of 1.51. The company’s 50-day moving average price is $187.18 and its two-hundred day moving average price is $220.87.

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

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.