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

F M Investments LLC acquired a new stake in shares of IES Holdings, Inc. (NASDAQ:IESC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 54,536 shares of the technology company’s stock, valued at approximately $10,887,000. F M Investments LLC owned 0.27% of IES as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Federated Hermes Inc. increased its position in shares of IES by 258.7% during the 2nd quarter. Federated Hermes Inc. now owns 269 shares of the technology company’s stock valued at $37,000 after purchasing an additional 194 shares during the last quarter. Quest Partners LLC raised its position in IES by 41.0% in 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 during the period. Contravisory Investment Management Inc. purchased a new position in shares of IES during the 2nd quarter worth $48,000. CWM LLC grew its position in shares of IES by 252.7% during the 2nd 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 stake in shares of IES by 217.0% in the 1st quarter. EntryPoint Capital LLC now owns 1,065 shares of the technology company’s stock worth $130,000 after purchasing an additional 729 shares in the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

IES Stock Performance

IESC traded up $13.97 during trading on Friday, reaching $232.63. 105,895 shares of the company traded hands, compared to its average volume of 132,159. The company has a market cap of $4.65 billion, a P/E ratio of 27.40 and a beta of 1.38. IES Holdings, Inc. has a 12-month low of $60.32 and a 12-month high of $234.81. The firm has a fifty day simple moving average of $193.49 and a 200 day simple moving average of $164.18.

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

IES declared that its board has approved a stock repurchase program on Friday, August 2nd that permits the company to buyback $200.00 million in shares. This buyback authorization permits the technology company to repurchase up to 5.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other news, CEO Jeffrey L. Et Al Gendell sold 37,347 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $160.20, for a total transaction of $5,982,989.40. Following the completion of the transaction, the chief executive officer now directly owns 10,934,845 shares in the company, valued at approximately $1,751,762,169. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other IES news, CEO Jeffrey L. Et Al Gendell sold 47,861 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 11,036,984 shares in the company, valued at $1,747,044,197.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jeffrey L. Et Al Gendell sold 37,347 shares of IES stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $160.20, for a total value of $5,982,989.40. Following the completion of the transaction, the chief executive officer now owns 10,934,845 shares of the company’s stock, valued at approximately $1,751,762,169. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 160,966 shares of company stock worth $26,003,099. Corporate insiders own 59.19% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised IES from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd.

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.