TD Waterhouse Canada Inc. Buys New Stake in IES Holdings, Inc. (NASDAQ:IESC)

TD Waterhouse Canada Inc. purchased a new position in shares of IES Holdings, Inc. (NASDAQ:IESC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,950 shares of the technology company’s stock, valued at approximately $392,000.

Other institutional investors have also modified their holdings of the company. J.Safra Asset Management Corp grew its holdings in 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 acquired a new stake in shares of IES during the 4th quarter worth approximately $34,000. National Bank of Canada FI purchased a new position in shares of IES during the 4th quarter valued at approximately $54,000. Harbour Investments Inc. acquired a new position in shares of IES in the 4th quarter valued at $71,000. Finally, Jones Financial Companies Lllp purchased a new stake in IES during the fourth quarter worth $74,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

IES Trading Up 2.9 %

NASDAQ IESC opened at $201.40 on Friday. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 18.75 and a beta of 1.51. The stock has a 50-day moving average of $179.08 and a 200 day moving average of $219.55. IES Holdings, Inc. has a twelve month low of $124.55 and a twelve month high of $320.09.

IES (NASDAQ:IESC) last announced 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 downgraded shares of 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.