Troluce Capital Advisors LLC Makes New Investment in Innio N.V. $INIO

Troluce Capital Advisors LLC acquired a new position in Innio N.V. (NASDAQ:INIO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 37,500 shares of the company’s stock, valued at approximately $1,483,000. Innio comprises 0.2% of Troluce Capital Advisors LLC’s investment portfolio, making the stock its 17th biggest holding.

Separately, Wellington Management Group LLP purchased a new stake in Innio in the 2nd quarter valued at $1,117,000.

Innio Stock Performance

INIO stock opened at $20.77 on Friday. The stock has a fifty day simple moving average of $27.59. Innio N.V. has a 1-year low of $19.04 and a 1-year high of $42.95.

Innio (NASDAQ:INIO) last announced its earnings results on Tuesday, July 28th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. The business had revenue of $937.70 million for the quarter. As a group, research analysts predict that Innio N.V. will post 0.37 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on INIO. The Goldman Sachs Group began coverage on Innio in a research note on Monday, June 29th. They set a “buy” rating and a $42.00 price objective on the stock. Wall Street Zen raised shares of Innio to a “hold” rating in a research report on Saturday, June 13th. Zacks Research upgraded shares of Innio to a “hold” rating in a report on Tuesday, June 30th. Morgan Stanley assumed coverage on shares of Innio in a research report on Monday, June 29th. They issued an “overweight” rating and a $47.00 price objective for the company. Finally, Robert W. Baird set a $37.00 price objective on shares of Innio in a research note on Wednesday, July 29th. One equities 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’s stock. According to MarketBeat, Innio presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.90.

Innio 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.