Tower Research Capital LLC TRC Grows Stock Position in IES Holdings, Inc. (NASDAQ:IESC)

Tower Research Capital LLC TRC increased its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 1,893.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,930 shares of the technology company’s stock after purchasing an additional 2,783 shares during the quarter. Tower Research Capital LLC TRC’s holdings in IES were worth $589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Franklin Resources Inc. grew its stake in shares of IES by 79.3% in 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 during the last quarter. Allspring Global Investments Holdings LLC boosted its position in IES by 1,856.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,070 shares of the technology company’s stock valued at $818,000 after acquiring an additional 3,862 shares in the last quarter. Principal Financial Group Inc. boosted its position in 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 acquiring an additional 2,636 shares in the last quarter. Barclays PLC boosted its position in IES by 411.1% during the 3rd quarter. Barclays PLC now owns 15,176 shares of the technology company’s stock valued at $3,029,000 after acquiring an additional 12,207 shares in the last quarter. Finally, Convergence Investment Partners LLC boosted its position in IES by 26.4% during the 4th quarter. Convergence Investment Partners LLC now owns 7,010 shares of the technology company’s stock valued at $1,409,000 after acquiring an additional 1,463 shares in the last quarter. 86.60% of the stock is owned by institutional investors.

IES Stock Down 1.1 %

Shares of IESC opened at $199.20 on Tuesday. The business’s 50 day moving average price is $178.93 and its 200-day moving average price is $219.56. IES Holdings, Inc. has a 52 week low of $124.55 and a 52 week high of $320.09. The stock has a market cap of $3.99 billion, a P/E ratio of 18.55 and a beta of 1.51.

IES (NASDAQ:IESC) last issued its quarterly 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%.

Analyst Upgrades and Downgrades

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

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.