Bourgeon Capital Management LLC Has $717,000 Stake in IES Holdings, Inc. (NASDAQ:IESC)

Bourgeon Capital Management LLC reduced its position in shares of IES Holdings, Inc. (NASDAQ:IESC) by 27.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & 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 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Summit Partners Public Asset Management LLC grew its stake in IES by 165.4% during the 3rd quarter. Summit Partners Public Asset Management LLC now owns 119,438 shares of the technology company’s stock valued at $23,842,000 after acquiring an additional 74,438 shares in the last quarter. Franklin Resources Inc. grew its position in IES by 79.3% during the third quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company’s stock valued at $31,026,000 after purchasing an additional 68,750 shares in the last quarter. FMR LLC grew its position in IES by 4.6% during the third quarter. FMR LLC now owns 1,476,238 shares of the technology company’s stock valued at $294,687,000 after purchasing an additional 65,145 shares in the last quarter. F M Investments LLC acquired a new position in IES in the 3rd quarter valued at approximately $10,887,000. Finally, Thrivent Financial for Lutherans purchased a new stake in IES in the 3rd quarter worth approximately $10,426,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Insider Buying and Selling

In related news, VP Mary K. Newman sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $286.23, for a total value of $715,575.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Matthew J. Simmes sold 7,000 shares of IES stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $293.32, for a total transaction of $2,053,240.00. Following the completion of the transaction, the chief operating officer now directly owns 115,341 shares in the company, valued at approximately $33,831,822.12. This represents a 5.72 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,359 shares of company stock worth $7,341,029. Insiders own 56.76% of the company’s stock.

IES Price Performance

Shares of IESC stock opened at $276.32 on Wednesday. The firm has a market cap of $5.53 billion, a P/E ratio of 27.94 and a beta of 1.52. IES Holdings, Inc. has a fifty-two week low of $80.86 and a fifty-two week high of $320.08. The stock’s 50-day moving average is $247.49 and its two-hundred day moving average is $207.23.

Analyst Ratings Changes

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

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.