TD Waterhouse Canada Inc. Takes Position in IES Holdings, Inc. (NASDAQ:IESC)

TD Waterhouse Canada Inc. purchased a new position in IES Holdings, Inc. (NASDAQ:IESC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,950 shares of the technology company’s stock, valued at approximately $392,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IESC. Barclays PLC raised its stake in shares of IES by 411.1% during the 3rd quarter. Barclays PLC now owns 15,176 shares of the technology company’s stock worth $3,029,000 after acquiring an additional 12,207 shares in the last quarter. Tidal Investments LLC purchased a new position in IES in the third quarter worth $332,000. Franklin Resources Inc. increased its position in shares of 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 purchasing an additional 68,750 shares in the last quarter. Principal Financial Group Inc. lifted its holdings 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 valued at $1,451,000 after purchasing an additional 2,636 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of IES by 2.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 41,482 shares of the technology company’s stock worth $8,281,000 after purchasing an additional 1,027 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

IES Trading Up 2.9 %

Shares of IES stock opened at $201.40 on Friday. IES Holdings, Inc. has a 12-month low of $124.55 and a 12-month high of $320.09. The firm’s 50 day simple moving average is $179.08 and its two-hundred day simple moving average is $219.55. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of 18.75 and a beta of 1.51.

IES (NASDAQ:IESC) last issued its earnings results on Tuesday, February 4th. The technology company reported $2.64 earnings per share (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.