IES Holdings, Inc. (NASDAQ:IESC) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its stake in shares of IES Holdings, Inc. (NASDAQ:IESC) by 1.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 27,647 shares of the technology company’s stock after selling 472 shares during the quarter. Janney Montgomery Scott LLC’s holdings in IES were worth $5,556,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Gladius Capital Management LP acquired a new position in IES during the 3rd quarter worth $44,000. City State Bank acquired a new position in IES during the 4th quarter worth $106,000. CWM LLC grew its holdings in IES by 17.2% during the 3rd quarter. CWM LLC now owns 682 shares of the technology company’s stock worth $136,000 after acquiring an additional 100 shares in the last quarter. Quest Partners LLC grew its holdings in IES by 159.5% during the 3rd quarter. Quest Partners LLC now owns 768 shares of the technology company’s stock worth $153,000 after acquiring an additional 472 shares in the last quarter. Finally, BlueSky Wealth Advisors LLC acquired a new position in IES during the 3rd quarter worth $220,000. 86.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of IES from a “hold” rating to a “buy” rating in a report on Thursday.

Insider Activity

In related news, VP Mary K. Newman sold 2,500 shares of IES stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $286.23, for a total value of $715,575.00. Following the sale, the vice president now directly owns 18,286 shares in the company, valued at $5,234,001.78. This trade represents a 12.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey L. Et Al Gendell sold 470 shares of IES stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $252.25, for a total transaction of $118,557.50. Following the completion of the sale, the chief executive officer now owns 10,957,184 shares in the company, valued at approximately $2,763,949,664. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 27,359 shares of company stock valued at $7,341,029. Company insiders own 56.76% of the company’s stock.

IES Stock Performance

NASDAQ IESC opened at $215.53 on Thursday. IES Holdings, Inc. has a one year low of $81.89 and a one year high of $320.08. The company has a 50-day simple moving average of $246.36 and a 200-day simple moving average of $211.45. The firm has a market capitalization of $4.31 billion, a PE ratio of 21.79 and a beta of 1.52.

IES 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.