IES Holdings, Inc. $IESC Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in IES Holdings, Inc. (NASDAQ:IESC) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 274,725 shares of the technology company’s stock after acquiring an additional 6,349 shares during the period. Geode Capital Management LLC owned approximately 1.38% of IES worth $106,887,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC bought a new position in shares of IES in the fourth quarter valued at approximately $38,000. SBI Securities Co. Ltd. boosted its holdings in shares of IES by 157.9% in the third quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock valued at $39,000 after acquiring an additional 60 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in shares of IES by 59.0% in the fourth quarter. Global Retirement Partners LLC now owns 124 shares of the technology company’s stock valued at $48,000 after acquiring an additional 46 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of IES by 2,100.0% in the fourth quarter. Larson Financial Group LLC now owns 132 shares of the technology company’s stock valued at $51,000 after acquiring an additional 126 shares in the last quarter. Finally, Federated Hermes Inc. boosted its holdings in shares of IES by 91.3% in the third quarter. Federated Hermes Inc. now owns 132 shares of the technology company’s stock valued at $52,000 after acquiring an additional 63 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Matthew J. Simmes sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $658.24, for a total value of $4,607,680.00. Following the completion of the transaction, the chief executive officer owned 86,575 shares of the company’s stock, valued at approximately $56,987,128. This trade represents a 7.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Tracy Mclauchlin sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $662.61, for a total transaction of $1,987,830.00. Following the completion of the transaction, the chief financial officer directly owned 62,525 shares of the company’s stock, valued at $41,429,690.25. This represents a 4.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 156,382 shares of company stock worth $107,366,474. Company insiders own 56.43% of the company’s stock.

IES Stock Performance

IES stock opened at $720.72 on Friday. The company has a 50 day moving average price of $603.31 and a 200 day moving average price of $498.25. IES Holdings, Inc. has a 52 week low of $259.30 and a 52 week high of $744.88. The firm has a market capitalization of $14.36 billion, a price-to-earnings ratio of 38.44 and a beta of 1.78.

IES (NASDAQ:IESC) last posted its quarterly earnings data on Friday, May 1st. The technology company reported $4.16 EPS for the quarter, topping analysts’ consensus estimates of $3.95 by $0.21. IES had a net margin of 10.40% and a return on equity of 33.97%. The firm had revenue of $974.20 million during the quarter, compared to analyst estimates of $1.01 billion.

Analysts Set New Price Targets

IESC has been the subject of a number of research reports. Wall Street Zen cut shares of IES from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Freedom Capital cut shares of IES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, IES currently has an average rating of “Moderate Buy” and a consensus price target of $458.00.

IES Profile

IES Holdings, Inc (NASDAQ: IESC) is a specialty contractor providing integrated electrical and mechanical construction services, engineering, and systems integration across North America. The company focuses on delivering end-to-end solutions for commercial, industrial and mission-critical facilities, combining design, build, commission and maintenance capabilities to serve a wide range of markets.

Through its subsidiaries, IES offers a comprehensive portfolio of services including electrical distribution and infrastructure, mechanical contracting, process piping, controls and automation, energy management, and ongoing service and maintenance.