JPMorgan Chase & Co. Buys 1,027 Shares of IES Holdings, Inc. (NASDAQ:IESC)

JPMorgan Chase & Co. grew its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC) by 2.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 41,482 shares of the technology company’s stock after buying an additional 1,027 shares during the period. JPMorgan Chase & Co.’s holdings in IES were worth $8,281,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of IESC. Federated Hermes Inc. grew its stake in shares of IES by 258.7% during the second quarter. Federated Hermes Inc. now owns 269 shares of the technology company’s stock valued at $37,000 after buying an additional 194 shares during the last quarter. Quest Partners LLC grew its stake in shares of IES by 41.0% during the second quarter. Quest Partners LLC now owns 296 shares of the technology company’s stock valued at $41,000 after buying an additional 86 shares during the last quarter. Gladius Capital Management LP bought a new position in shares of IES during the third quarter valued at approximately $44,000. CWM LLC grew its stake in shares of IES by 17.2% during the third quarter. CWM LLC now owns 682 shares of the technology company’s stock valued at $136,000 after buying an additional 100 shares during the last quarter. Finally, Gabelli Funds LLC bought a new position in shares of IES during the second quarter valued at approximately $209,000. Institutional investors own 86.60% of the company’s stock.

IES Stock Performance

Shares of NASDAQ IESC opened at $221.89 on Tuesday. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 22.44 and a beta of 1.52. The stock has a 50 day moving average price of $249.40 and a 200 day moving average price of $202.27. IES Holdings, Inc. has a 52-week low of $78.53 and a 52-week high of $320.08.

Analyst Ratings Changes

Separately, StockNews.com raised IES from a “hold” rating to a “buy” rating in a research note on Tuesday, December 10th.

Insider Activity at IES

In related news, CEO Jeffrey L. Et Al Gendell sold 12,389 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $257.37, for a total value of $3,188,556.93. Following the completion of the sale, the chief executive officer now owns 10,958,900 shares in the company, valued at approximately $2,820,492,093. The trade was a 0.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Tracy Mclauchlin sold 5,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $253.02, for a total value of $1,265,100.00. Following the sale, the chief financial officer now owns 71,177 shares of the company’s stock, valued at approximately $18,009,204.54. This represents a 6.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,359 shares of company stock worth $7,341,029. Company insiders own 59.19% of the company’s stock.

IES Company 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.