IES Holdings, Inc. (NASDAQ:IESC) Stake Increased by Invesco Ltd.

Invesco Ltd. increased its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC) by 27.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,799 shares of the technology company’s stock after buying an additional 43,449 shares during the quarter. Invesco Ltd.’s holdings in IES were worth $40,353,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of IESC. 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 acquiring an additional 68,750 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of IES by 1,856.7% during the fourth 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 during the period. Principal Financial Group Inc. boosted its holdings 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 worth $1,451,000 after purchasing an additional 2,636 shares during the period. Barclays PLC grew its position in 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 purchasing an additional 12,207 shares in the last quarter. Finally, Stifel Financial Corp acquired a new position in IES in the 3rd quarter valued at approximately $631,000. 86.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

IES Price Performance

Shares of NASDAQ IESC opened at $186.18 on Thursday. IES Holdings, Inc. has a one year low of $112.73 and a one year high of $320.09. The business’s 50-day moving average price is $184.52 and its two-hundred day moving average price is $220.49. The company has a market capitalization of $3.72 billion, a P/E ratio of 17.34 and a beta of 1.51.

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

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.