Deutsche Bank AG Acquires 8,889 Shares of IES Holdings, Inc. (NASDAQ:IESC)

Deutsche Bank AG raised its stake in IES Holdings, Inc. (NASDAQ:IESC) by 40.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,703 shares of the technology company’s stock after buying an additional 8,889 shares during the quarter. Deutsche Bank AG owned about 0.15% of IES worth $6,170,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. J.Safra Asset Management Corp raised its holdings in shares of IES by 56.8% during the fourth quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company’s stock worth $28,000 after acquiring an additional 50 shares during the period. Smithfield Trust Co bought a new position in IES during the 4th quarter worth about $34,000. National Bank of Canada FI acquired a new stake in shares of IES in the 4th quarter valued at about $54,000. Harbour Investments Inc. bought a new stake in shares of IES in the fourth quarter valued at about $71,000. Finally, Jones Financial Companies Lllp acquired a new position in shares of IES during the fourth quarter worth about $74,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Wall Street Analyst Weigh In

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

IES Stock Up 2.9%

NASDAQ IESC opened at $270.42 on Friday. The firm’s 50 day moving average is $197.59 and its 200-day moving average is $221.84. The company has a market capitalization of $5.37 billion, a PE ratio of 25.18 and a beta of 1.57. IES Holdings, Inc. has a 12-month low of $124.55 and a 12-month high of $320.09.

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

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.