FMR LLC & Abigail Johnson Report 5.598% Passive Stake in IES Holdings
Ticker: IESC · Form: SC 13G · Filed: Feb 9, 2024 · CIK: 1048268
| Field | Detail |
|---|---|
| Company | Ies Holdings, INC. (IESC) |
| Form Type | SC 13G |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-stake, insider-filing
TL;DR
**FMR LLC just revealed a 5.6% stake in IES Holdings, a bullish sign from a big player.**
AI Summary
FMR LLC, a major investment management firm, and its Chair and CEO, Abigail P. Johnson, have disclosed a significant passive stake in IES Holdings, Inc. (IESC). As of December 31, 2023, FMR LLC beneficially owns 1,130,622 shares of IES Holdings' common stock, representing 5.598% of the company's outstanding shares. This filing indicates a notable institutional interest in IES Holdings, suggesting that a large, influential investor sees value in the company, which could be a positive signal for current and prospective shareholders.
Why It Matters
This filing signals that a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, have a significant stake in IES Holdings, which can be interpreted as a vote of confidence in the company's future prospects.
Risk Assessment
Risk Level: low — This is a passive filing, indicating no immediate intent to influence company management, which generally poses low risk to existing shareholders.
Analyst Insight
A smart investor would view this as a positive signal, potentially indicating underlying value in IES Holdings, and might consider further research into the company's fundamentals and recent performance.
Key Numbers
- 1,130,622 — Shares Beneficially Owned (Represents the total common stock shares of IES Holdings held by FMR LLC and Abigail P. Johnson.)
- 5.598% — Percent of Class (Indicates the significant ownership stake FMR LLC and Abigail P. Johnson have in IES Holdings.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, likely related to FMR LLC's ownership
- IES Holdings, Inc. (company) — subject company of the filing
- $1,130,622 (dollar_amount) — number of shares beneficially owned by FMR LLC and Abigail P. Johnson
- 5.598% (dollar_amount) — percentage of class beneficially owned
Forward-Looking Statements
- Other institutional investors may increase their positions in IES Holdings, Inc. following FMR LLC's disclosure. (IES Holdings, Inc.) — medium confidence, target: Within 6 months
FAQ
Who are the reporting persons in this SC 13G filing?
The reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for each reporting person.
What percentage of IES Holdings, Inc. common stock does FMR LLC beneficially own?
FMR LLC beneficially owns 5.598% of IES Holdings, Inc. common stock, as detailed in Item 11 for FMR LLC and Item 4(b) for both reporting persons.
How many shares of IES Holdings, Inc. common stock are beneficially owned by FMR LLC and Abigail P. Johnson?
Both FMR LLC and Abigail P. Johnson beneficially own 1,130,622 shares of IES Holdings, Inc. common stock, as indicated in Item 7 and Item 9 for both reporting persons, and Item 4(a) for the total.
What is the CUSIP number for IES Holdings, Inc. common stock?
The CUSIP number for IES Holdings, Inc. common stock is 44951W106, as listed under 'Cusip #44951W106' and Item 2(e).
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box in the filing and further explained in Item 3.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding IES Holdings, Inc. (IESC).