IES Holdings, Inc. (NASDAQ:IESC) Stock Position Decreased by Bourgeon Capital Management LLC

Bourgeon Capital Management LLC trimmed its stake in shares of IES Holdings, Inc. (NASDAQ:IESCFree Report) by 27.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,568 shares of the technology company’s stock after selling 1,350 shares during the quarter. Bourgeon Capital Management LLC’s holdings in IES were worth $717,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. lifted its stake in IES by 57.9% in the second quarter. American Century Companies Inc. now owns 55,167 shares of the technology company’s stock valued at $7,686,000 after buying an additional 20,240 shares during the last quarter. Federated Hermes Inc. boosted its position 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 acquiring an additional 194 shares during the period. XTX Topco Ltd increased its holdings in shares of IES by 64.2% during the second quarter. XTX Topco Ltd now owns 4,314 shares of the technology company’s stock valued at $601,000 after purchasing an additional 1,686 shares during the period. Gabelli Funds LLC bought a new stake in shares of IES during the second quarter valued at about $209,000. Finally, Marshall Wace LLP acquired a new stake in IES in the second quarter worth about $632,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

IES Stock Performance

Shares of NASDAQ IESC opened at $276.32 on Wednesday. IES Holdings, Inc. has a 1 year low of $80.86 and a 1 year high of $320.08. The stock has a fifty day moving average price of $247.49 and a two-hundred day moving average price of $207.23. The firm has a market cap of $5.53 billion, a P/E ratio of 27.94 and a beta of 1.52.

Analysts Set New Price Targets

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

Check Out Our Latest Report on IES

Insider Buying and Selling

In related news, CEO Jeffrey L. Et Al Gendell sold 470 shares of IES stock in a transaction on Monday, December 16th. The stock was sold at an average price of $252.25, for a total value of $118,557.50. Following the transaction, the chief executive officer now directly owns 10,957,184 shares in the company, valued at $2,763,949,664. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Matthew J. Simmes sold 7,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $293.32, for a total value of $2,053,240.00. Following the sale, the chief operating officer now directly owns 115,341 shares in the company, valued at $33,831,822.12. This trade represents a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,359 shares of company stock valued at $7,341,029 over the last three months. Company insiders own 56.76% of the company’s stock.

About IES

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for IES (NASDAQ:IESC)

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