KLP Kapitalforvaltning AS Takes $382,000 Position in IES Holdings, Inc. (NASDAQ:IESC)

KLP Kapitalforvaltning AS acquired a new position in shares of IES Holdings, Inc. (NASDAQ:IESC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,900 shares of the technology company’s stock, valued at approximately $382,000.

Other hedge funds have also bought and sold shares of the company. Sei Investments Co. grew its holdings in IES by 39.5% during the 4th quarter. Sei Investments Co. now owns 4,042 shares of the technology company’s stock worth $812,000 after acquiring an additional 1,145 shares during the period. Virtu Financial LLC bought a new stake in shares of IES during the 4th quarter valued at about $418,000. Intech Investment Management LLC grew its stake in IES by 39.2% during the fourth quarter. Intech Investment Management LLC now owns 4,242 shares of the technology company’s stock worth $852,000 after purchasing an additional 1,194 shares during the period. Thrivent Financial for Lutherans increased its holdings in IES by 140.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 125,500 shares of the technology company’s stock worth $25,221,000 after purchasing an additional 73,271 shares in the last quarter. Finally, Axxcess Wealth Management LLC lifted its stake in IES by 6.3% in the fourth quarter. Axxcess Wealth Management LLC now owns 4,020 shares of the technology company’s stock valued at $808,000 after buying an additional 238 shares during the period. Institutional investors own 86.60% of the company’s stock.

IES Trading Down 0.6 %

IESC opened at $160.58 on Friday. The company has a fifty day moving average price of $193.02 and a two-hundred day moving average price of $221.07. IES Holdings, Inc. has a 1-year low of $112.73 and a 1-year high of $320.09. The company has a market cap of $3.21 billion, a P/E ratio of 14.95 and a beta of 1.51.

IES (NASDAQ:IESC) last issued its 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%.

Wall Street Analysts Forecast Growth

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

IES 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.