Fmr LLC Increases Holdings in IES Holdings, Inc. (NASDAQ:IESC)

FMR LLC raised its holdings in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 4.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,476,238 shares of the technology company's stock after purchasing an additional 65,145 shares during the period. FMR LLC owned 7.39% of IES worth $294,687,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Federated Hermes Inc. boosted its position in shares of IES by 258.7% in the second quarter. Federated Hermes Inc. now owns 269 shares of the technology company's stock valued at $37,000 after acquiring an additional 194 shares during the period. Quest Partners LLC grew its position in shares of IES by 41.0% during the 2nd quarter. Quest Partners LLC now owns 296 shares of the technology company's stock valued at $41,000 after purchasing an additional 86 shares in the last quarter. Gladius Capital Management LP bought a new position in shares of IES in the third quarter worth $44,000. Contravisory Investment Management Inc. purchased a new stake in shares of IES in the second quarter worth $48,000. Finally, CWM LLC raised its position in shares of IES by 252.7% in the second quarter. CWM LLC now owns 582 shares of the technology company's stock worth $81,000 after buying an additional 417 shares in the last quarter. Institutional investors own 86.60% of the company's stock.

IES Stock Down 3.4 %

Shares of IESC stock traded down $10.47 during trading on Monday, hitting $299.39. The company had a trading volume of 196,511 shares, compared to its average volume of 135,972. IES Holdings, Inc. has a 52 week low of $70.64 and a 52 week high of $320.09. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 30.69 and a beta of 1.37. The stock's 50-day moving average is $236.46 and its two-hundred day moving average is $182.78.

Wall Street Analysts Forecast Growth

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

Insider Transactions at IES

In other news, Director Todd M. Cleveland sold 10,000 shares of the 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 transaction, the director now directly owns 104,654 shares in the company, valued at approximately $16,071,714.78. This represents a 8.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Mary K. Newman sold 2,500 shares of the firm'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 transaction, the vice president now directly owns 18,286 shares in the company, valued at approximately $5,234,001.78. This represents a 12.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,708 shares of company stock valued at $15,810,182 in the last quarter. 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.