Janney Montgomery Scott LLC Buys 1,256 Shares of IES Holdings, Inc. $IESC

Janney Montgomery Scott LLC increased its position in shares of IES Holdings, Inc. (NASDAQ:IESC) by 27.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,836 shares of the technology company’s stock after acquiring an additional 1,256 shares during the period. Janney Montgomery Scott LLC’s holdings in IES were worth $2,781,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of IESC. International Assets Investment Management LLC bought a new position in IES in the 4th quarter valued at approximately $38,000. Steward Partners Investment Advisory LLC boosted its position in IES by 366.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 98 shares of the technology company’s stock worth $38,000 after buying an additional 77 shares during the period. Global Retirement Partners LLC grew its holdings in IES by 59.0% during the 4th quarter. Global Retirement Partners LLC now owns 124 shares of the technology company’s stock worth $48,000 after acquiring an additional 46 shares during the last quarter. Larson Financial Group LLC increased its position in IES by 2,100.0% in the 4th quarter. Larson Financial Group LLC now owns 132 shares of the technology company’s stock valued at $51,000 after acquiring an additional 126 shares during the period. Finally, Greenline Wealth Management LLC acquired a new position in IES in the 4th quarter valued at approximately $56,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

IES Trading Down 9.1%

NASDAQ IESC opened at $609.47 on Wednesday. The company has a market cap of $12.14 billion, a P/E ratio of 32.51 and a beta of 1.78. The company has a fifty day simple moving average of $687.45 and a 200 day simple moving average of $544.15. IES Holdings, Inc. has a 12-month low of $291.00 and a 12-month high of $804.00.

IES (NASDAQ:IESC) last issued its quarterly earnings data on Friday, May 1st. The technology company reported $4.16 EPS for the quarter, topping the consensus estimate of $3.95 by $0.21. The firm had revenue of $974.20 million during the quarter, compared to the consensus estimate of $1.01 billion. IES had a return on equity of 33.97% and a net margin of 10.40%.

Insiders Place Their Bets

In related news, CFO Tracy Mclauchlin sold 3,000 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $662.61, for a total value of $1,987,830.00. Following the transaction, the chief financial officer directly owned 62,525 shares of the company’s stock, valued at approximately $41,429,690.25. The trade was a 4.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew J. Simmes sold 7,000 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $658.24, for a total transaction of $4,607,680.00. Following the transaction, the chief executive officer directly owned 86,575 shares of the company’s stock, valued at $56,987,128. This represents a 7.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 208,102 shares of company stock worth $146,518,202 in the last ninety days. Company insiders own 56.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on IESC shares. Freedom Capital downgraded IES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. Weiss Ratings reissued a “buy (b)” rating on shares of IES in a research note on Thursday, June 18th. Finally, Wall Street Zen downgraded IES from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, IES currently has a consensus rating of “Moderate Buy” and an average price target of $458.00.

IES Profile

IES Holdings, Inc (NASDAQ: IESC) is a specialty contractor providing integrated electrical and mechanical construction services, engineering, and systems integration across North America. The company focuses on delivering end-to-end solutions for commercial, industrial and mission-critical facilities, combining design, build, commission and maintenance capabilities to serve a wide range of markets.

Through its subsidiaries, IES offers a comprehensive portfolio of services including electrical distribution and infrastructure, mechanical contracting, process piping, controls and automation, energy management, and ongoing service and maintenance.