Janney Montgomery Scott LLC Has $2.78 Million Stake in IES Holdings, Inc. $IESC

Janney Montgomery Scott LLC raised its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 27.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,836 shares of the technology company’s stock after purchasing an additional 1,256 shares during the quarter. Janney Montgomery Scott LLC’s holdings in IES were worth $2,781,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Blue Trust Inc. lifted its position in IES by 7.5% during the 4th quarter. Blue Trust Inc. now owns 400 shares of the technology company’s stock worth $156,000 after buying an additional 28 shares in the last quarter. GAMMA Investing LLC increased its position in IES by 14.6% in the 4th quarter. GAMMA Investing LLC now owns 244 shares of the technology company’s stock valued at $95,000 after acquiring an additional 31 shares in the last quarter. Comerica Bank raised its stake in shares of IES by 11.8% in the fourth quarter. Comerica Bank now owns 418 shares of the technology company’s stock worth $162,000 after acquiring an additional 44 shares during the last quarter. Global Retirement Partners LLC raised its stake in shares of IES by 59.0% in the fourth 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. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of IES by 1.0% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,955 shares of the technology company’s stock worth $1,468,000 after purchasing an additional 51 shares in the last quarter. Institutional investors own 86.60% of the company’s stock.

Analyst Ratings Changes

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

IES Price Performance

NASDAQ:IESC opened at $609.47 on Wednesday. The business’s 50-day simple moving average is $687.45 and its 200-day simple moving average is $544.15. IES Holdings, Inc. has a fifty-two week low of $291.00 and a fifty-two week high of $804.00. The stock has a market capitalization of $12.14 billion, a PE ratio of 32.51 and a beta of 1.78.

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

Insider Activity

In related news, Chairman Jeffrey L. Et Al Gendell sold 46,720 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $756.47, for a total value of $35,342,278.40. Following the completion of the sale, the chairman directly owned 10,406,559 shares in the company, valued at approximately $7,872,249,686.73. This trade represents a 0.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Todd M. Cleveland sold 11,578 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $663.52, for a total value of $7,682,234.56. Following the completion of the sale, the director owned 65,817 shares in the company, valued at approximately $43,670,895.84. This trade represents a 14.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 208,102 shares of company stock valued at $146,518,202 over the last three months. Corporate insiders own 56.43% of the company’s stock.

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.