Value Aligned Research Advisors LLC Buys Shares of 1,355,362 Innio N.V. $INIO

Value Aligned Research Advisors LLC purchased a new position in Innio N.V. (NASDAQ:INIO) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 1,355,362 shares of the company’s stock, valued at approximately $53,605,000.

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

Analysts Set New Price Targets

INIO has been the subject of a number of research reports. BNP Paribas Exane initiated coverage on Innio in a research note on Monday, June 29th. They set an “outperform” rating and a $48.00 target price for the company. JPMorgan Chase & Co. initiated coverage on shares of Innio in a research note on Monday, June 29th. They issued an “overweight” rating and a $44.00 price target on the stock. Royal Bank Of Canada upgraded shares of Innio from a “sector perform” rating to an “outperform” rating and reduced their price target for the company from $39.00 to $35.00 in a report on Thursday, July 30th. Morgan Stanley assumed coverage on shares of Innio in a research report on Monday, June 29th. They set an “overweight” rating and a $47.00 price objective for the company. Finally, Weiss Ratings assumed coverage on shares of Innio in a report on Monday, August 31st. They set a “sell (d)” rating on the stock. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.90.

Innio Trading Up 2.4%

Shares of Innio stock opened at $20.77 on Friday. The company has a 50 day moving average price of $27.59. Innio N.V. has a 52-week low of $19.04 and a 52-week high of $42.95.

Innio (NASDAQ:INIO) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The firm had revenue of $937.70 million for the quarter. Research analysts forecast that Innio N.V. will post 0.37 earnings per share for the current year.

Innio Company Profile

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.