Fundsmith Investment Services LTD. Invests $6.71 Million in IES Holdings, Inc. (NASDAQ:IESC)

Fundsmith Investment Services LTD. bought a new position in IES Holdings, Inc. (NASDAQ:IESC - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 33,400 shares of the technology company's stock, valued at approximately $6,712,000. Fundsmith Investment Services LTD. owned approximately 0.17% of IES at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. J.Safra Asset Management Corp increased its position 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 valued at $28,000 after buying an additional 50 shares during the period. Smithfield Trust Co bought a new stake in shares of IES during the fourth quarter valued at about $34,000. National Bank of Canada FI bought a new stake in shares of IES during the fourth quarter valued at about $54,000. Harbour Investments Inc. bought a new position in shares of IES in the fourth quarter worth approximately $71,000. Finally, Jones Financial Companies Lllp bought a new position in shares of IES in the fourth quarter worth approximately $74,000. Institutional investors own 86.60% of the company's stock.

IES Price Performance

NASDAQ IESC traded up $12.67 on Tuesday, reaching $272.43. 108,563 shares of the company's stock traded hands, compared to its average volume of 177,392. IES Holdings, Inc. has a 12 month low of $124.55 and a 12 month high of $320.09. The stock has a 50-day simple moving average of $189.41 and a 200 day simple moving average of $220.38. The stock has a market cap of $5.41 billion, a PE ratio of 25.37 and a beta of 1.57.

IES (NASDAQ:IESC - Get Free Report) last posted its earnings results on Friday, May 2nd. The technology company reported $3.30 EPS for the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%. The firm had revenue of $834.00 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com cut 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.