Stifel Financial Corp Sells 154 Shares of IES Holdings, Inc. (NASDAQ:IESC)

Stifel Financial Corp lessened its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 4.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,008 shares of the technology company’s stock after selling 154 shares during the quarter. Stifel Financial Corp’s holdings in IES were worth $605,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in IESC. J.Safra Asset Management Corp grew its holdings in IES by 56.8% in the 4th quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company’s stock worth $28,000 after acquiring an additional 50 shares during the last quarter. Smithfield Trust Co bought a new position in shares of IES during the fourth quarter valued at approximately $34,000. National Bank of Canada FI purchased a new stake in IES in the fourth quarter worth $54,000. Harbour Investments Inc. purchased a new stake in shares of IES in the 4th quarter worth about $71,000. Finally, Jones Financial Companies Lllp bought a new position in IES in the fourth quarter worth about $74,000. 86.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded IES from a “buy” rating to a “hold” rating in a report on Friday, March 14th.

IES Trading Down 2.2%

NASDAQ IESC opened at $244.99 on Monday. The stock has a market cap of $4.86 billion, a P/E ratio of 22.81 and a beta of 1.57. The stock’s fifty day moving average price is $187.67 and its 200-day moving average price is $220.02. IES Holdings, Inc. has a 12 month low of $124.55 and a 12 month high of $320.09.

IES (NASDAQ:IESC) last posted its earnings results on Friday, May 2nd. The technology company reported $3.30 EPS for the quarter. IES had a return on equity of 35.81% and a net margin of 7.30%. The business had revenue of $834.00 million during the quarter.

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.