Value Aligned Research Advisors LLC Invests $53.60 Million in Innio N.V. $INIO

Key Points

• Value Aligned Research Advisors LLC purchased 1.36 million Innio shares worth approximately $53.6 million, representing about 0.18% of the company. Wellington Management also initiated a smaller position valued at roughly $1.1 million.
• Innio reported quarterly EPS of $0.08, beating analyst expectations of $0.05, on revenue of $937.7 million. The stock opened at $20.77, near its 52-week low of $19.04 and well below its 52-week high of $42.95.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $42.90, although ratings range from “Strong Buy” to “Sell.”

Value Aligned Research Advisors LLC purchased a new stake in Innio N.V. (NASDAQ:INIO - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,355,362 shares of the company's stock, valued at approximately $53,605,000. Value Aligned Research Advisors LLC owned about 0.18% of Innio as of its most recent SEC filing.

Separately, Wellington Management Group LLP bought a new position in shares of Innio in the 2nd quarter valued at about $1,117,000.

Innio Stock Performance

Shares of NASDAQ:INIO opened at $20.77 on Friday. The company has a 50 day moving average price of $27.59. Innio N.V. has a fifty-two week low of $19.04 and a fifty-two week high of $42.95.

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on INIO shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Innio in a research report on Monday, June 29th. They set a "hold" rating and a $41.00 price target for the company. Weiss Ratings began coverage on shares of Innio in a research note on Monday, August 31st. They issued a "sell (d)" rating on the stock. Morgan Stanley initiated coverage on shares of Innio in a research report on Monday, June 29th. They set an "overweight" rating and a $47.00 target price for the company. BNP Paribas Exane began coverage on Innio in a research note on Monday, June 29th. They issued an "outperform" rating and a $48.00 price target on the stock. Finally, Zacks Research upgraded Innio to a "hold" rating in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $42.90.

About Innio

INNIO is a provider of energy solutions, offering reciprocating gas engines, power generation systems, and related services for distributed power generation and gas compression applications. Its portfolio is designed to support customers in industries such as utilities, data centers, agriculture, wastewater, and oil and gas, where reliable on-site power and efficiency are important.

The company is best known for its Jenbacher and Waukesha brands, which are used in engines and power systems that can run on natural gas, biogas, and other gaseous fuels.

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