F M Investments LLC Invests $10.89 Million in IES Holdings, Inc. (NASDAQ:IESC)

F M Investments LLC purchased a new position in IES Holdings, Inc. (NASDAQ:IESC - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 54,536 shares of the technology company's stock, valued at approximately $10,887,000. F M Investments LLC owned approximately 0.27% of IES at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of IESC. Federated Hermes Inc. lifted its stake in shares of IES by 258.7% in the second quarter. Federated Hermes Inc. now owns 269 shares of the technology company's stock worth $37,000 after buying an additional 194 shares in the last quarter. Quest Partners LLC increased its position 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 purchasing an additional 86 shares during the last quarter. Contravisory Investment Management Inc. acquired a new stake in IES during the second quarter worth about $48,000. CWM LLC increased its position in IES by 252.7% during the second quarter. CWM LLC now owns 582 shares of the technology company's stock worth $81,000 after purchasing an additional 417 shares during the last quarter. Finally, EntryPoint Capital LLC increased its position in IES by 217.0% during the first quarter. EntryPoint Capital LLC now owns 1,065 shares of the technology company's stock worth $130,000 after purchasing an additional 729 shares during the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at IES

In other IES news, Director David B. Gendell sold 10,000 shares of IES stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $187.26, for a total transaction of $1,872,600.00. Following the completion of the sale, the director now directly owns 127,976 shares in the company, valued at $23,964,785.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director David B. Gendell sold 10,000 shares of IES stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $187.26, for a total value of $1,872,600.00. Following the completion of the transaction, the director now owns 127,976 shares in the company, valued at approximately $23,964,785.76. 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 is accessible through this hyperlink. Also, CEO Jeffrey L. Et Al Gendell sold 50,758 shares of IES stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $160.61, for a total transaction of $8,152,242.38. Following the completion of the transaction, the chief executive officer now owns 11,134,087 shares of the company's stock, valued at $1,788,245,713.07. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 160,966 shares of company stock worth $26,003,099 over the last three months. Insiders own 59.19% of the company's stock.

IES Trading Up 6.4 %

IES stock traded up $13.97 during midday trading on Friday, hitting $232.63. 105,895 shares of the stock were exchanged, compared to its average volume of 132,159. IES Holdings, Inc. has a fifty-two week low of $60.32 and a fifty-two week high of $234.81. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 27.40 and a beta of 1.38. The stock's 50-day simple moving average is $193.49 and its 200 day simple moving average is $164.18.

IES (NASDAQ:IESC - Get Free Report) last released its quarterly earnings data on Friday, August 2nd. The technology company reported $2.67 earnings per share (EPS) for the quarter. IES had a net margin of 6.30% and a return on equity of 34.38%. The firm had revenue of $768.40 million during the quarter.

IES declared that its Board of Directors has authorized a share repurchase plan on Friday, August 2nd that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the technology company to buy up to 5.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of IES from a "hold" rating to a "buy" rating in a research report on Wednesday, October 23rd.

IES 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.