Invesco Ltd. Makes New $214,000 Investment in Centuri Holdings, Inc. $CTRI

Key Points

• Invesco Ltd. acquired a new position in Centuri Holdings, Inc. by purchasing 13,079 shares worth approximately $214,000 in the first quarter of the year.
• Analysts have mixed views on Centuri, with Wells Fargo raising its price target from $22.00 to $25.00 and JPMorgan increasing it from $18.00 to $19.00, leading to an average target of $22.00.
• Centuri reported $0.19 EPS for the last quarter, missing estimates of $0.21, while its revenue grew by 7.7% year-over-year to $724.05 million.

Invesco Ltd. acquired a new position in Centuri Holdings, Inc. (NYSE:CTRI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 13,079 shares of the company's stock, valued at approximately $214,000.

A number of other large investors also recently bought and sold shares of CTRI. Deutsche Bank AG raised its stake in Centuri by 5.6% in the first quarter. Deutsche Bank AG now owns 9,143 shares of the company's stock worth $150,000 after buying an additional 484 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Centuri by 27.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,625 shares of the company's stock worth $186,000 after purchasing an additional 2,054 shares during the last quarter. Bank of America Corp DE grew its holdings in Centuri by 63.3% in the fourth quarter. Bank of America Corp DE now owns 15,568 shares of the company's stock worth $301,000 after purchasing an additional 6,035 shares during the last quarter. Rhumbline Advisers grew its holdings in Centuri by 18.8% in the first quarter. Rhumbline Advisers now owns 21,960 shares of the company's stock worth $360,000 after purchasing an additional 3,475 shares during the last quarter. Finally, XTX Topco Ltd grew its holdings in Centuri by 163.8% in the first quarter. XTX Topco Ltd now owns 26,901 shares of the company's stock worth $441,000 after purchasing an additional 16,705 shares during the last quarter.

Centuri Price Performance

Shares of CTRI traded down $0.15 during mid-day trading on Friday, hitting $23.03. 1,251,748 shares of the company were exchanged, compared to its average volume of 2,629,103. Centuri Holdings, Inc. has a 1-year low of $14.45 and a 1-year high of $24.60. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.72 and a current ratio of 1.72. The company has a 50 day moving average of $21.07 and a 200-day moving average of $19.61. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of -767.41, a price-to-earnings-growth ratio of 1.13 and a beta of 1.12.

Centuri (NYSE:CTRI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.02). Centuri had a negative net margin of 0.12% and a positive return on equity of 4.74%. The business had revenue of $724.05 million for the quarter, compared to analysts' expectations of $702.35 million. During the same period in the prior year, the company posted $0.20 EPS. The firm's revenue was up 7.7% on a year-over-year basis. Analysts expect that Centuri Holdings, Inc. will post 0.25 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CTRI shares. JPMorgan Chase & Co. boosted their price objective on shares of Centuri from $18.00 to $19.00 and gave the company an "underweight" rating in a report on Tuesday, July 22nd. Wells Fargo & Company boosted their price objective on shares of Centuri from $22.00 to $25.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $22.00.

About Centuri

Centuri Holdings, Inc operates as a utility infrastructure services company in North America. It offers gas utility services, including maintenance, repair, installation, and replacement services for natural gas local distribution utility companies with focus on the modernization of infrastructure. The company also provides electric utility services comprising design, maintenance and repair, upgrade, and expansion services for transmission and distribution infrastructure.