Junto Capital Management LP Invests $26.19 Million in Innio N.V. $INIO

Key Points

• Junto Capital Management initiated a $26.19 million position in Innio during the second quarter, acquiring 662,266 shares, or approximately 0.09% of the company. Several other institutional investors also established new positions.
• Innio reported quarterly earnings of $0.08 per share, exceeding analysts’ $0.05 consensus estimate, on revenue of $937.7 million. The stock opened at $20.78, well below its 52-week high of $42.95.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $42.90, compared with the current share price.

Junto Capital Management LP bought a new stake in Innio N.V. (NASDAQ:INIO - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 662,266 shares of the company's stock, valued at approximately $26,193,000. Junto Capital Management LP owned 0.09% of Innio as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of INIO. Wellington Management Group LLP acquired a new stake in Innio in the 2nd quarter worth about $1,117,000. Troluce Capital Advisors LLC acquired a new position in shares of Innio during the 2nd quarter worth approximately $1,483,000. WINTON GROUP Ltd bought a new position in shares of Innio during the second quarter worth approximately $2,990,000. Readystate Asset Management LP acquired a new stake in shares of Innio in the second quarter valued at approximately $3,975,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Innio in the second quarter valued at approximately $13,842,000.

Innio Price Performance

Shares of INIO opened at $20.78 on Thursday. The company's 50 day moving average price is $26.54. Innio N.V. has a one year low of $19.04 and a one year high of $42.95.

Innio (NASDAQ:INIO - Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.03. The business had revenue of $937.70 million during the quarter. On average, sell-side analysts anticipate that Innio N.V. will post 0.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Morgan Stanley began coverage on Innio in a research report on Monday, June 29th. They set an "overweight" rating and a $47.00 price target on the stock. Wall Street Zen raised Innio to a "hold" rating in a report on Saturday, June 13th. The Goldman Sachs Group started coverage on Innio in a report on Monday, June 29th. They set a "buy" rating and a $42.00 target price on the stock. UBS Group started coverage on Innio in a research report on Monday, June 29th. They issued a "buy" rating and a $47.00 price target on the stock. Finally, Robert W. Baird set a $37.00 price target on Innio in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $42.90.

Innio Profile

INNIO Group is an energy technology company that develops and provides power generation and gas compression solutions. Its principal product lines are marketed under the Jenbacher and Waukesha brands, which serve distributed power generation, combined heat and power, and industrial and commercial energy applications.

The company manufactures gas engines and related systems designed to operate on fuels including natural gas, biogas, landfill gas and hydrogen blends. Its offerings also include microgrid and energy-management solutions, aftermarket services, parts and maintenance, and digital monitoring through its myPlant platform.

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