Monitor for any Q4 2024 13F filings to see if the buying persisted or reversed; the recent insider selling creates a divergence to track. If the institutional thesis (likely strong earnings or sector tailwinds) proves correct, further upside is possible, but the bearish analyst consensus warrants caution.
Executive Summary
Nine institutional investors accumulated $68.6M in IESC during 2024-Q3, more than doubling combined holdings to $93.0M, while three sellers trimmed negligible positions. The buying is led by Franklin Resources (+$23.4M), Invesco (+$29.8M), and Citadel (+$4.6M), signaling strong conviction in the electrical services contractor despite recent insider selling ($17.4M over 30 days) and bearish analyst consensus.
Key Financial Metrics
Institutional Positions
Net institutional flow: $68.6M
▲ Buyers (9)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Invesco | DOUBLED | +1301.5% | $31.4M | $29.8M |
| Franklin Resources | ADD | +79.3% | $35.4M | $23.4M |
| Citadel | ADD | +59.6% | $8.1M | $4.6M |
| Ameriprise Financial | ADD | +57.3% | $6.4M | $3.6M |
| Marshall Wace | DOUBLED | +280.4% | $3.4M | $2.8M |
▼ Sellers (3)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Nisa Investment Advisors | TRIM | -33.3% | $3.0K | -$113.00 |
| Teacher Retirement System Of T | TRIM | -37.1% | $2.0K | -$175.00 |
| Alps Advisors | TRIM | -33.9% | $468.0K | -$24.9K |
Key Facts
- 9 institutional buyers added net $68.6M, current holdings $93.0M
- 3 sellers trimmed by only $25K combined (negligible)
- Franklin Resources was the largest buyer by value, increasing 79.3% to $35.4M
- Invesco more than doubled its position ( +1,301.5% shares) to $31.4M
- Citadel added 59.6% to $8.1M; Marshall Wace more than doubled to $3.4M
- Recent insider activity: 4 sells totaling $17.4M (contra-indicator)
- Analyst consensus: 0% bullish, with 3 Hold, 1 Sell, 2 Strong Sell
Financial Impact
9 institutions accumulated $68.6M in new positions, while 3 sellers trimmed only $25K
Risk Factors
- 13F data is from 2024-Q3, filed ~45 days late — positions may have changed
- Recent insider selling of $17.4M in past 30 days conflicts with institutional buying
- Analyst consensus is heavily bearish (0% bullish, 50% sell/strong sell)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-IESC-2024-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 4d ago | Institutional Cluster | $220.75 | awaiting T+5 | — | — |
Oct 6, 2026 19d ago | SC 13D/A | $308.83 $266.51 | ▼ −13.70% | ▼ −12.72% | — |
Oct 6, 2026 20d ago | 8-K | $308.83 $266.51 | ▼ −13.70% | ▼ −12.72% | — |
Oct 5, 2026 21d ago | Press Release | $339.62 $287.79 | ▼ −15.26% | ▼ −15.68% | — |
Aug 14, 2026 10w ago | Press Release | $756.18 $685.04 | ▼ −9.41% | ▼ −8.04% | — |
Aug 11, 2026 10w ago | 8-K | $780.00 $738.79 | ▼ −5.28% | ▼ −4.88% | — |
Jul 31, 2026 12w ago | 8-K | $744.54 $762.71 | ▲ +2.44% | ▼ −1.07% | — |
Jul 31, 2026 12w ago | Press Release | $744.54 $762.71 | ▲ +2.44% | ▼ −1.07% | — |
Jul 2, 2026 16w ago | S-3ASR | $654.00 $602.91 | ▼ −7.81% | ▼ −7.53% | — |
Jun 16, 2026 18w ago | Insider Cluster | $685.18 $766.54 | ▼ −11.87% | ▼ −12.77% | — |
US Market Status
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