Geode Capital Management LLC Has $41.76 Million Stock Holdings in IES Holdings, Inc. (NASDAQ:IESC)

Geode Capital Management LLC boosted its position in shares of IES Holdings, Inc. (NASDAQ:IESC) by 0.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 209,146 shares of the technology company’s stock after purchasing an additional 623 shares during the quarter. Geode Capital Management LLC owned 1.05% of IES worth $41,757,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of IESC. Gladius Capital Management LP bought a new position in shares of IES during the 3rd quarter valued at about $44,000. Federated Hermes Inc. raised its holdings in IES by 258.7% during the 2nd quarter. Federated Hermes Inc. now owns 269 shares of the technology company’s stock worth $37,000 after buying an additional 194 shares during the period. Quest Partners LLC lifted its stake in IES by 41.0% in 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 in the last quarter. CWM LLC boosted its holdings in shares of IES by 17.2% in 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 period. Finally, BlueSky Wealth Advisors LLC bought a new stake in shares of IES during the third quarter worth $220,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Activity

In other IES news, CFO Tracy Mclauchlin sold 5,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 71,177 shares in the company, valued at $18,009,204.54. This trade represents a 6.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey L. Et Al Gendell sold 12,389 shares of the company’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 sale, the chief executive officer now owns 10,958,900 shares in the company, valued at approximately $2,820,492,093. This represents a 0.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,359 shares of company stock worth $7,341,029 over the last ninety days. Insiders own 59.19% of the company’s stock.

IES Stock Performance

NASDAQ:IESC opened at $210.50 on Wednesday. The company has a market cap of $4.20 billion, a PE ratio of 21.28 and a beta of 1.45. The stock has a 50-day simple moving average of $250.45 and a 200 day simple moving average of $194.09. IES Holdings, Inc. has a 52-week low of $76.26 and a 52-week high of $320.08.

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.