IES Holdings, Inc. (NASDAQ:IESC) Shares Acquired by Fmr LLC

Fmr LLC lifted its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 4.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,476,238 shares of the technology company’s stock after buying an additional 65,145 shares during the period. Fmr LLC owned approximately 7.39% of IES worth $294,687,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in IES by 10.0% in the 1st quarter. Vanguard Group Inc. now owns 479,315 shares of the technology company’s stock worth $58,304,000 after purchasing an additional 43,634 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new position in IES during the first quarter worth approximately $286,000. Janus Henderson Group PLC boosted its stake in IES by 27.4% during the first quarter. Janus Henderson Group PLC now owns 26,609 shares of the technology company’s stock worth $3,237,000 after buying an additional 5,720 shares during the last quarter. CWM LLC grew its holdings in IES by 252.7% in the 2nd quarter. CWM LLC now owns 582 shares of the technology company’s stock valued at $81,000 after buying an additional 417 shares in the last quarter. Finally, Contravisory Investment Management Inc. acquired a new stake in shares of IES in the 2nd quarter worth $48,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of IES from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th.

IES Price Performance

IES stock opened at $309.86 on Monday. The firm has a 50 day simple moving average of $236.46 and a 200-day simple moving average of $182.72. The stock has a market cap of $6.19 billion, a price-to-earnings ratio of 31.33 and a beta of 1.37. IES Holdings, Inc. has a 1-year low of $68.78 and a 1-year high of $318.99.

Insider Activity at IES

In related news, VP Mary K. Newman sold 2,500 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $286.23, for a total value of $715,575.00. Following the sale, the vice president now directly owns 18,286 shares in the company, valued at approximately $5,234,001.78. The trade was a 12.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey L. Et Al Gendell sold 37,347 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 10,934,845 shares of the company’s stock, valued at approximately $1,751,762,169. This trade represents a 0.34 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 97,708 shares of company stock worth $15,810,182. Insiders own 59.19% of the company’s stock.

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.