Asset Management One Co. Ltd. Invests $3.12 Million in IES Holdings, Inc. (NASDAQ:IESC)

Asset Management One Co. Ltd. acquired a new stake in IES Holdings, Inc. (NASDAQ:IESC - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 15,610 shares of the technology company's stock, valued at approximately $3,116,000. Asset Management One Co. Ltd. owned about 0.08% of IES at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Federated Hermes Inc. boosted its position in shares of IES by 258.7% during the second quarter. Federated Hermes Inc. now owns 269 shares of the technology company's stock worth $37,000 after purchasing an additional 194 shares in the last quarter. Quest Partners LLC lifted its holdings in IES by 41.0% during the second quarter. Quest Partners LLC now owns 296 shares of the technology company's stock worth $41,000 after acquiring an additional 86 shares in the last quarter. Contravisory Investment Management Inc. acquired a new position in IES in the second quarter valued at about $48,000. CWM LLC grew its stake in IES by 252.7% in the second quarter. CWM LLC now owns 582 shares of the technology company's stock valued at $81,000 after acquiring an additional 417 shares during the period. Finally, EntryPoint Capital LLC increased its holdings in shares of IES by 217.0% in the first quarter. EntryPoint Capital LLC now owns 1,065 shares of the technology company's stock worth $130,000 after acquiring an additional 729 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com cut IES from a "buy" rating to a "hold" rating in a report on Tuesday, November 5th.

IES Price Performance

IESC traded up $14.69 during trading on Friday, reaching $285.55. The company had a trading volume of 157,474 shares, compared to its average volume of 109,852. The business's fifty day moving average price is $201.36 and its 200 day moving average price is $169.74. IES Holdings, Inc. has a 12 month low of $60.33 and a 12 month high of $285.56. The company has a market cap of $5.70 billion, a P/E ratio of 33.63 and a beta of 1.37.

IES declared that its board has approved a share buyback program on Friday, August 2nd that allows the company to buyback $200.00 million in shares. This buyback authorization allows the technology company to repurchase up to 5.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its stock is undervalued.

Insider Activity at IES

In other IES news, CEO Jeffrey L. Et Al Gendell sold 47,861 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $158.29, for a total transaction of $7,575,917.69. Following the completion of the transaction, the chief executive officer now owns 11,036,984 shares in the company, valued at approximately $1,747,044,197.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Todd M. Cleveland sold 10,000 shares of the business's stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $153.57, for a total value of $1,535,700.00. Following the sale, the director now owns 104,654 shares of the company's stock, valued at $16,071,714.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey L. Et Al Gendell sold 47,861 shares of the firm's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $158.29, for a total transaction of $7,575,917.69. Following the completion of the transaction, the chief executive officer now directly owns 11,036,984 shares of the company's stock, valued at approximately $1,747,044,197.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 110,208 shares of company stock valued at $17,850,857. 59.19% of the stock is owned by corporate insiders.

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.