IES Holdings, Inc. (NASDAQ:IESC) Shares Purchased by Steamboat Capital Partners LLC

Steamboat Capital Partners LLC lifted its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 142.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,833 shares of the technology company’s stock after purchasing an additional 6,943 shares during the period. Steamboat Capital Partners LLC’s holdings in IES were worth $2,378,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IESC. Vanguard Group Inc. boosted its holdings in shares of IES by 38.9% in the 4th quarter. Vanguard Group Inc. now owns 753,331 shares of the technology company’s stock valued at $151,389,000 after buying an additional 210,925 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of IES by 140.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 125,500 shares of the technology company’s stock valued at $25,221,000 after buying an additional 73,271 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of IES by 27.6% in the 4th quarter. Invesco Ltd. now owns 200,799 shares of the technology company’s stock valued at $40,353,000 after buying an additional 43,449 shares in the last quarter. Man Group plc acquired a new position in shares of IES in the 4th quarter valued at $8,497,000. Finally, LPL Financial LLC boosted its holdings in shares of IES by 588.0% in the 4th quarter. LPL Financial LLC now owns 46,426 shares of the technology company’s stock valued at $9,330,000 after buying an additional 39,678 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Analyst Ratings Changes

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

IES Price Performance

IESC stock opened at $270.42 on Friday. The company has a fifty day moving average price of $197.59 and a 200 day moving average price of $221.84. IES Holdings, Inc. has a 12 month low of $124.55 and a 12 month high of $320.09. The company has a market cap of $5.37 billion, a price-to-earnings ratio of 25.18 and a beta of 1.57.

IES (NASDAQ:IESC) last released its quarterly earnings results on Friday, May 2nd. The technology company reported $3.30 EPS for the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%. The firm had revenue of $834.00 million during the quarter.

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.