Charles Schwab Investment Management Inc. Grows Stake in IES Holdings, Inc. (NASDAQ:IESC)

Charles Schwab Investment Management Inc. boosted its stake in IES Holdings, Inc. (NASDAQ:IESC) by 6.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,457 shares of the technology company’s stock after buying an additional 4,718 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.41% of IES worth $16,370,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of IESC. Jones Financial Companies Lllp purchased a new position in shares of IES in the fourth quarter valued at approximately $74,000. KBC Group NV lifted its holdings in IES by 52.5% in the 4th quarter. KBC Group NV now owns 401 shares of the technology company’s stock valued at $81,000 after purchasing an additional 138 shares in the last quarter. City State Bank acquired a new stake in IES during the 4th quarter worth $106,000. Quest Partners LLC grew its holdings in shares of IES by 159.5% during the third quarter. Quest Partners LLC now owns 768 shares of the technology company’s stock worth $153,000 after buying an additional 472 shares in the last quarter. Finally, Callahan Advisors LLC acquired a new stake in shares of IES in the fourth quarter valued at about $201,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.

IES Stock Performance

NASDAQ:IESC opened at $187.03 on Friday. IES Holdings, Inc. has a one year low of $110.17 and a one year high of $320.09. The stock has a market cap of $3.74 billion, a PE ratio of 17.41 and a beta of 1.57. The stock has a 50 day moving average price of $212.70 and a 200 day moving average price of $219.87.

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%.

Wall Street Analysts Forecast Growth

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

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.