IES Holdings, Inc. $IESC Shares Purchased by Fiera Capital Corp

Fiera Capital Corp increased its stake in shares of IES Holdings, Inc. (NASDAQ:IESC) by 25.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,569 shares of the technology company’s stock after purchasing an additional 2,145 shares during the quarter. Fiera Capital Corp owned 0.05% of IES worth $4,112,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Alps Advisors Inc. grew its stake in IES by 60.5% during the 3rd quarter. Alps Advisors Inc. now owns 5,726 shares of the technology company’s stock worth $2,277,000 after purchasing an additional 2,159 shares in the last quarter. AltraVue Capital LLC lifted its position in shares of IES by 2.1% during the 3rd quarter. AltraVue Capital LLC now owns 166,267 shares of the technology company’s stock worth $66,116,000 after purchasing an additional 3,370 shares during the last quarter. Dakota Wealth Management purchased a new stake in shares of IES during the 4th quarter worth $1,018,000. RFG Advisory LLC purchased a new stake in shares of IES during the 3rd quarter worth $944,000. Finally, First Trust Advisors LP lifted its position in shares of IES by 982.7% during the 3rd quarter. First Trust Advisors LP now owns 323,893 shares of the technology company’s stock worth $128,796,000 after purchasing an additional 293,977 shares during the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on IESC shares. Freedom Capital cut shares of IES from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Wall Street Zen cut shares of IES from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $458.00.

IES Price Performance

Shares of NASDAQ:IESC opened at $726.31 on Wednesday. The company’s fifty day moving average price is $613.68 and its 200 day moving average price is $504.39. IES Holdings, Inc. has a 12 month low of $259.30 and a 12 month high of $768.00. The firm has a market capitalization of $14.47 billion, a P/E ratio of 38.74 and a beta of 1.78.

IES (NASDAQ:IESC) last announced its quarterly earnings results on Friday, May 1st. The technology company reported $4.16 EPS for the quarter, topping the consensus estimate of $3.95 by $0.21. IES had a net margin of 10.40% and a return on equity of 33.97%. The firm had revenue of $974.20 million for the quarter, compared to analyst estimates of $1.01 billion.

Insider Buying and Selling at IES

In other news, CFO Tracy Mclauchlin sold 3,000 shares of IES stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $662.61, for a total value of $1,987,830.00. Following the sale, the chief financial officer owned 62,525 shares of the company’s stock, valued at $41,429,690.25. The trade was a 4.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Jeffrey L. Et Al Gendell sold 40,103 shares of IES stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $677.19, for a total transaction of $27,157,350.57. Following the completion of the sale, the chairman directly owned 10,547,058 shares in the company, valued at approximately $7,142,362,207.02. The trade was a 0.38% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 156,382 shares of company stock valued at $107,366,474. Company insiders own 56.43% of the company’s stock.

IES Profile

IES Holdings, Inc (NASDAQ: IESC) is a specialty contractor providing integrated electrical and mechanical construction services, engineering, and systems integration across North America. The company focuses on delivering end-to-end solutions for commercial, industrial and mission-critical facilities, combining design, build, commission and maintenance capabilities to serve a wide range of markets.

Through its subsidiaries, IES offers a comprehensive portfolio of services including electrical distribution and infrastructure, mechanical contracting, process piping, controls and automation, energy management, and ongoing service and maintenance.