F M Investments LLC Cuts Stake in IES Holdings, Inc. (NASDAQ:IESC)

F M Investments LLC lowered its holdings in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 62.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,689 shares of the technology company's stock after selling 33,847 shares during the period. F M Investments LLC owned about 0.10% of IES worth $4,158,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of IESC. J.Safra Asset Management Corp increased its stake in IES by 56.8% in the 4th quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company's stock worth $28,000 after purchasing an additional 50 shares in the last quarter. Smithfield Trust Co acquired a new stake in IES in the fourth quarter worth about $34,000. National Bank of Canada FI bought a new stake in shares of IES in the 4th quarter valued at about $54,000. Harbour Investments Inc. acquired a new position in IES in the 4th quarter worth $71,000. Finally, Jones Financial Companies Lllp acquired a new position in IES during the fourth quarter valued at approximately $74,000. 86.60% of the stock is currently owned by institutional investors.

IES Stock Down 2.3 %

Shares of IES stock traded down $4.32 on Wednesday, hitting $183.77. The stock had a trading volume of 37,607 shares, compared to its average volume of 176,835. IES Holdings, Inc. has a one year low of $112.73 and a one year high of $320.09. The stock's 50-day simple moving average is $185.41 and its two-hundred day simple moving average is $220.73. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 17.11 and a beta of 1.51.

IES (NASDAQ:IESC - Get Free Report) last released its earnings results on Tuesday, February 4th. The technology company reported $2.64 earnings per share (EPS) for the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded IES from a "buy" rating to a "hold" rating in a research report on Friday, March 14th.

IES Company Profile

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.