Triodos Investment Management BV Increases Stake in TPI Composites Inc (NASDAQ:TPIC)

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Triodos Investment Management BV increased its position in shares of TPI Composites Inc (NASDAQ:TPIC) by 75.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 350,000 shares of the industrial products company’s stock after buying an additional 150,000 shares during the period. TPI Composites comprises approximately 1.7% of Triodos Investment Management BV’s holdings, making the stock its 22nd largest holding. Triodos Investment Management BV’s holdings in TPI Composites were worth $6,563,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. TCI Wealth Advisors Inc. acquired a new stake in TPI Composites in the second quarter worth about $25,000. Bank of Montreal Can purchased a new position in TPI Composites during the second quarter valued at approximately $59,000. Cubist Systematic Strategies LLC purchased a new stake in shares of TPI Composites in the second quarter valued at approximately $63,000. Smithfield Trust Co. increased its position in shares of TPI Composites by 35.4% in the third quarter. Smithfield Trust Co. now owns 5,003 shares of the industrial products company’s stock valued at $94,000 after buying an additional 1,309 shares in the last quarter. Finally, Quest Capital Management Inc. ADV purchased a new stake in shares of TPI Composites in the third quarter valued at approximately $133,000. Hedge funds and other institutional investors own 89.61% of the company’s stock.

In other news, President William E. Siwek bought 2,823 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was purchased at an average cost of $17.73 per share, with a total value of $50,051.79. Following the transaction, the president now directly owns 67,676 shares in the company, valued at $1,199,895.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 20.30% of the stock is owned by corporate insiders.

Shares of TPI Composites stock traded up $0.14 during trading hours on Friday, hitting $16.26. The company’s stock had a trading volume of 1,600,400 shares, compared to its average volume of 456,181. The firm has a fifty day moving average of $19.40 and a 200-day moving average of $22.04. The stock has a market cap of $761.78 million, a price-to-earnings ratio of 203.25 and a beta of 1.73. TPI Composites Inc has a twelve month low of $15.34 and a twelve month high of $32.74. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.25 and a current ratio of 1.27.

TPI Composites (NASDAQ:TPIC) last released its quarterly earnings data on Wednesday, November 6th. The industrial products company reported ($0.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.19). The business had revenue of $383.84 million for the quarter, compared to analyst estimates of $400.60 million. TPI Composites had a negative return on equity of 5.59% and a negative net margin of 0.82%. The company’s revenue was up 50.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.26 earnings per share. On average, sell-side analysts expect that TPI Composites Inc will post 0.03 earnings per share for the current fiscal year.

A number of research firms have recently commented on TPIC. Zacks Investment Research cut TPI Composites from a “hold” rating to a “strong sell” rating in a research report on Saturday. Raymond James lowered their price target on TPI Composites from $32.00 to $25.00 and set a “strong-buy” rating on the stock in a research note on Thursday. Roth Capital lowered TPI Composites from a “buy” rating to a “neutral” rating in a research note on Friday. Canaccord Genuity lowered their price target on TPI Composites from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Benchmark began coverage on TPI Composites in a research note on Friday, October 4th. They issued a “buy” rating and a $30.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $26.00.

About TPI Composites

TPI Composites, Inc manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers. The company also provides composite solutions for the transportation industry. It operates in the United States, Asia, Mexico, Europe, the Middle East, and Africa.

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Institutional Ownership by Quarter for TPI Composites (NASDAQ:TPIC)

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