Fiera Capital Corp Raises Position in IES Holdings, Inc. $IESC

Fiera Capital Corp grew its position in IES Holdings, Inc. (NASDAQ:IESC) by 25.5% during the 4th quarter, Holdings Channel reports. The fund owned 10,569 shares of the technology company’s stock after buying an additional 2,145 shares during the quarter. Fiera Capital Corp’s holdings in IES were worth $4,112,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in IES during the fourth quarter worth about $38,000. SBI Securities Co. Ltd. boosted its holdings in IES by 157.9% during the third quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock worth $39,000 after buying an additional 60 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in IES by 59.0% during the fourth quarter. Global Retirement Partners LLC now owns 124 shares of the technology company’s stock worth $48,000 after buying an additional 46 shares in the last quarter. Larson Financial Group LLC boosted its holdings in IES by 2,100.0% during the fourth quarter. Larson Financial Group LLC now owns 132 shares of the technology company’s stock worth $51,000 after buying an additional 126 shares in the last quarter. Finally, Federated Hermes Inc. raised its position in IES by 91.3% during the third quarter. Federated Hermes Inc. now owns 132 shares of the technology company’s stock worth $52,000 after acquiring an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

IES Stock Performance

NASDAQ:IESC opened at $726.31 on Wednesday. The company has a market capitalization of $14.47 billion, a price-to-earnings ratio of 38.74 and a beta of 1.78. IES Holdings, Inc. has a one year low of $259.30 and a one year high of $768.00. The stock has a 50-day simple moving average of $613.68 and a 200 day simple moving average of $504.39.

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

Insider Transactions at IES

In other IES news, CEO Matthew J. Simmes sold 7,000 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $658.24, for a total transaction of $4,607,680.00. Following the completion of the sale, the chief executive officer owned 86,575 shares in the company, valued at $56,987,128. The trade was a 7.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Todd M. Cleveland sold 11,578 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $663.52, for a total transaction of $7,682,234.56. Following the completion of the transaction, the director owned 65,817 shares in the company, valued at approximately $43,670,895.84. The trade was a 14.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 156,382 shares of company stock valued at $107,366,474. 56.43% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on IESC shares. Freedom Capital cut shares of IES from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Wall Street Zen lowered IES from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, IES presently has an average rating of “Moderate Buy” and an average target price of $458.00.

About IES

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.