Hennessy Advisors Inc. Acquires 5,300 Shares of IES Holdings, Inc. (NASDAQ:IESC)

Hennessy Advisors Inc. lifted its stake in IES Holdings, Inc. (NASDAQ:IESC) by 6.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,600 shares of the technology company’s stock after acquiring an additional 5,300 shares during the period. Hennessy Advisors Inc.’s holdings in IES were worth $16,599,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in IESC. Franklin Resources Inc. boosted its stake in IES by 79.3% in the 3rd quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company’s stock worth $31,026,000 after purchasing an additional 68,750 shares during the period. Principal Financial Group Inc. grew its stake in IES by 56.9% during the third quarter. Principal Financial Group Inc. now owns 7,269 shares of the technology company’s stock valued at $1,451,000 after acquiring an additional 2,636 shares in the last quarter. Barclays PLC lifted its stake in IES by 411.1% in the 3rd quarter. Barclays PLC now owns 15,176 shares of the technology company’s stock worth $3,029,000 after purchasing an additional 12,207 shares in the last quarter. Stifel Financial Corp bought a new position in IES in the 3rd quarter valued at $631,000. Finally, Thrivent Financial for Lutherans purchased a new position in shares of IES during the 3rd quarter valued at $10,426,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

IES Trading Down 0.1 %

IESC stock opened at $255.42 on Friday. The company’s 50 day moving average is $248.86 and its 200 day moving average is $203.72. The stock has a market cap of $5.11 billion, a price-to-earnings ratio of 25.83 and a beta of 1.52. IES Holdings, Inc. has a 1-year low of $78.53 and a 1-year high of $320.08.

Wall Street Analyst Weigh In

Separately, StockNews.com raised IES from a “hold” rating to a “buy” rating in a research note on Tuesday, December 10th.

Insider Transactions at IES

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

About IES

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.