WINTON GROUP Ltd purchased a new stake in Innio N.V. (NASDAQ:INIO – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 75,600 shares of the company’s stock, valued at approximately $2,990,000.
Several other large investors have also modified their holdings of INIO. Squarepoint Ops LLC acquired a new position in Innio during the 2nd quarter worth $13,842,000. Readystate Asset Management LP bought a new position in shares of Innio in the second quarter worth about $3,975,000. Troluce Capital Advisors LLC bought a new stake in Innio during the 2nd quarter valued at approximately $1,483,000. Value Aligned Research Advisors LLC acquired a new stake in Innio in the 2nd quarter valued at approximately $53,605,000. Finally, Wellington Management Group LLP bought a new position in Innio in the 2nd quarter worth approximately $1,117,000.
Innio Stock Up 3.8%
NASDAQ:INIO opened at $20.35 on Friday. The stock’s 50-day simple moving average is $25.86. Innio N.V. has a 52 week low of $19.04 and a 52 week high of $42.95.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on INIO. Citigroup assumed coverage on Innio in a research report on Monday, June 29th. They issued a “neutral” rating and a $42.00 price objective for the company. Wall Street Zen upgraded shares of Innio to a “hold” rating in a research report on Saturday, June 13th. Robert W. Baird set a $37.00 price objective on shares of Innio in a research report on Wednesday, July 29th. Morgan Stanley started coverage on shares of Innio in a research note on Monday, June 29th. They issued an “overweight” rating and a $47.00 target price for the company. Finally, BNP Paribas Exane began coverage on Innio in a research note on Monday, June 29th. They set an “outperform” rating and a $48.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.90.
Check Out Our Latest Research Report on INIO
Innio Company 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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