Janus Henderson Group PLC Has $5.98 Million Stake in IES Holdings, Inc. (NASDAQ:IESC)

Janus Henderson Group PLC raised its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 2.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,973 shares of the technology company’s stock after buying an additional 687 shares during the period. Janus Henderson Group PLC owned about 0.15% of IES worth $5,982,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in IESC. Quest Partners LLC boosted its stake in IES by 41.0% during the 2nd quarter. Quest Partners LLC now owns 296 shares of the technology company’s stock valued at $41,000 after purchasing an additional 86 shares during the last quarter. Andina Capital Management LLC lifted its holdings in shares of IES by 4.0% in the third quarter. Andina Capital Management LLC now owns 2,496 shares of the technology company’s stock valued at $498,000 after purchasing an additional 96 shares in the last quarter. CWM LLC grew its holdings in IES by 17.2% during the third quarter. CWM LLC now owns 682 shares of the technology company’s stock worth $136,000 after buying an additional 100 shares in the last quarter. Ellsworth Advisors LLC lifted its stake in IES by 2.7% during the 2nd quarter. Ellsworth Advisors LLC now owns 5,806 shares of the technology company’s stock valued at $809,000 after acquiring an additional 151 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in IES by 2.2% during the 2nd quarter. Cetera Investment Advisers now owns 8,690 shares of the technology company’s stock worth $1,211,000 after acquiring an additional 190 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of IES from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th.

IES Stock Down 5.9 %

IESC stock opened at $252.35 on Tuesday. IES Holdings, Inc. has a 12-month low of $76.26 and a 12-month high of $320.08. The firm has a market cap of $5.04 billion, a PE ratio of 25.52 and a beta of 1.45. The business has a 50 day moving average of $246.96 and a 200-day moving average of $187.91.

Insider Buying and Selling

In related news, CEO Jeffrey L. Et Al Gendell sold 47,861 shares of IES stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $158.29, for a total value of $7,575,917.69. Following the sale, the chief executive officer now owns 11,036,984 shares of the company’s stock, valued at approximately $1,747,044,197.36. The trade was a 0.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Todd M. Cleveland sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $153.57, for a total value of $1,535,700.00. Following the completion of the transaction, the director now owns 104,654 shares in the company, valued at approximately $16,071,714.78. The trade was a 8.72 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,708 shares of company stock valued at $17,863,422. 59.19% of the stock is owned by insiders.

IES Company 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.