Charles Schwab Investment Management Inc. Raises Stock Position in IES Holdings, Inc. (NASDAQ:IESC)

Charles Schwab Investment Management Inc. increased its stake in IES Holdings, Inc. (NASDAQ:IESC) by 1.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 76,739 shares of the technology company’s stock after acquiring an additional 1,158 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.38% of IES worth $15,319,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in shares of IES during the second quarter worth $3,328,000. Principal Financial Group Inc. grew its holdings in shares of IES by 56.9% during the third quarter. Principal Financial Group Inc. now owns 7,269 shares of the technology company’s stock worth $1,451,000 after buying an additional 2,636 shares in the last quarter. Versor Investments LP purchased a new stake in shares of IES during the second quarter worth $934,000. Thrivent Financial for Lutherans purchased a new stake in shares of IES during the third quarter worth $10,426,000. Finally, Assenagon Asset Management S.A. grew its holdings in shares of IES by 12.5% during the second quarter. Assenagon Asset Management S.A. now owns 89,330 shares of the technology company’s stock worth $12,446,000 after buying an additional 9,942 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

IES Stock Down 4.7 %

IES stock opened at $268.17 on Friday. The company has a fifty day simple moving average of $245.90 and a 200-day simple moving average of $187.06. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of 27.12 and a beta of 1.45. IES Holdings, Inc. has a 52-week low of $73.10 and a 52-week high of $320.08.

Analyst Ratings Changes

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

Insider Activity

In other news, Director Todd M. Cleveland sold 10,000 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $153.57, for a total transaction of $1,535,700.00. Following the transaction, the director now owns 104,654 shares of the company’s stock, valued at approximately $16,071,714.78. The trade was a 8.72 % decrease in their position. The sale 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 business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $286.23, for a total transaction 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. The trade was a 12.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,708 shares of company stock valued at $17,863,422. 59.19% of the stock is currently owned by insiders.

About IES

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.