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

Fmr LLC grew its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC) by 4.6% during the third quarter, Holdings Channel reports. The firm owned 1,476,238 shares of the technology company’s stock after purchasing an additional 65,145 shares during the quarter. Fmr LLC owned about 0.07% of IES worth $294,687,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Truvestments Capital LLC increased its position in shares of IES by 9.1% during the third quarter. Truvestments Capital LLC now owns 5,286 shares of the technology company’s stock worth $1,055,000 after acquiring an additional 441 shares during the period. Charles Schwab Investment Management Inc. grew its stake in IES by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 76,739 shares of the technology company’s stock worth $15,319,000 after purchasing an additional 1,158 shares in the last quarter. Intech Investment Management LLC purchased a new stake in IES during the 3rd quarter worth about $608,000. Moran Wealth Management LLC raised its position in IES by 30.8% in the 3rd quarter. Moran Wealth Management LLC now owns 3,340 shares of the technology company’s stock valued at $667,000 after purchasing an additional 787 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in IES by 17.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,556 shares of the technology company’s stock valued at $2,107,000 after purchasing an additional 1,557 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Insider Buying and Selling

In other news, Director Todd M. Cleveland sold 10,000 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $153.57, for a total transaction of $1,535,700.00. Following the completion of the transaction, the director now directly owns 104,654 shares of the company’s stock, valued at approximately $16,071,714.78. This represents a 8.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Mary K. Newman sold 2,500 shares of the 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 completion of the transaction, the vice president now 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 97,708 shares of company stock worth $15,810,182. Corporate insiders own 59.19% of the company’s stock.

IES Trading Up 8.0 %

Shares of NASDAQ:IESC opened at $309.86 on Monday. IES Holdings, Inc. has a 52 week low of $68.78 and a 52 week high of $318.99. The company’s 50 day moving average is $236.46 and its two-hundred day moving average is $182.72. The company has a market cap of $6.19 billion, a PE ratio of 31.33 and a beta of 1.37.

Analyst Ratings Changes

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

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.