Fiera Capital Corp Takes $1.45 Million Position in IES Holdings, Inc. (NASDAQ:IESC)

Key Points

• Fiera Capital Corp has acquired a new stake in IES Holdings, Inc., purchasing 8,767 shares valued at approximately $1.448 million.
• IES reported $3.30 earnings per share (EPS) for the last quarter, with a net margin of 7.76% and revenue of $834 million.
• Insider trading has been active, with CEO Jeffrey L. Et Al Gendell selling 27,144 shares for approximately $7.49 million, reducing his ownership by 0.25%.

Fiera Capital Corp purchased a new position in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,767 shares of the technology company's stock, valued at approximately $1,448,000.

A number of other institutional investors have also recently added to or reduced their stakes in IESC. Hedeker Wealth LLC purchased a new position in IES in the 1st quarter valued at about $727,000. Millennium Management LLC boosted its position in IES by 650.6% in the 4th quarter. Millennium Management LLC now owns 25,462 shares of the technology company's stock valued at $5,117,000 after buying an additional 22,070 shares during the last quarter. Rhumbline Advisers boosted its position in IES by 3.0% in the 1st quarter. Rhumbline Advisers now owns 12,663 shares of the technology company's stock valued at $2,091,000 after buying an additional 366 shares during the last quarter. Barclays PLC boosted its position in IES by 14.0% in the 4th quarter. Barclays PLC now owns 17,303 shares of the technology company's stock valued at $3,477,000 after buying an additional 2,127 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in IES in the 4th quarter valued at about $2,361,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

IES Stock Performance

Shares of IESC stock traded down $2.66 during trading hours on Friday, hitting $350.41. 180,778 shares of the company were exchanged, compared to its average volume of 190,592. IES Holdings, Inc. has a one year low of $129.16 and a one year high of $370.88. The business's 50-day simple moving average is $292.87 and its two-hundred day simple moving average is $237.40. The stock has a market capitalization of $6.96 billion, a price-to-earnings ratio of 29.32 and a beta of 1.63.

IES (NASDAQ:IESC - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The technology company reported $3.30 EPS for the quarter. IES had a net margin of 7.76% and a return on equity of 36.49%. The business had revenue of $834.00 million for the quarter.

Insider Activity at IES

In other news, CEO Jeffrey L. Et Al Gendell sold 27,144 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $275.92, for a total transaction of $7,489,572.48. Following the transaction, the chief executive officer owned 10,930,040 shares of the company's stock, valued at approximately $3,015,816,636.80. This trade represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 39,630 shares of company stock worth $10,915,095 over the last quarter. Company insiders own 56.76% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of IES from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th.

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.