LPL Financial LLC Raises Holdings in IES Holdings, Inc. (NASDAQ:IESC)

LPL Financial LLC lifted its position in shares of IES Holdings, Inc. (NASDAQ:IESC) by 588.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,426 shares of the technology company’s stock after buying an additional 39,678 shares during the quarter. LPL Financial LLC owned approximately 0.23% of IES worth $9,330,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in IESC. Thrivent Financial for Lutherans increased its position in IES by 140.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 125,500 shares of the technology company’s stock valued at $25,221,000 after purchasing an additional 73,271 shares during the period. Franklin Resources Inc. boosted its stake 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 valued at $31,026,000 after purchasing an additional 68,750 shares in the last quarter. Barclays PLC increased its holdings 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 buying an additional 12,207 shares during the period. Raymond James Financial Inc. bought a new position in IES in the fourth quarter worth approximately $2,361,000. Finally, State of New Jersey Common Pension Fund D bought a new position in IES in the fourth quarter worth approximately $1,477,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

IES Stock Performance

IESC stock opened at $160.58 on Friday. IES Holdings, Inc. has a one year low of $112.73 and a one year high of $320.09. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 14.95 and a beta of 1.51. The firm has a 50-day simple moving average of $193.02 and a two-hundred day simple moving average of $221.07.

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

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.