Itron, Inc. (NASDAQ:ITRI – Get Rating) SVP Donald L. Reeves III sold 2,000 shares of the firm’s stock in a transaction on Friday, December 23rd. The shares were sold at an average price of $51.45, for a total value of $102,900.00. Following the completion of the sale, the senior vice president now owns 9,158 shares in the company, valued at $471,179.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Itron Trading Up 1.6 %
Shares of ITRI stock traded up $0.77 on Tuesday, reaching $50.36. 1,126 shares of the stock were exchanged, compared to its average volume of 279,291. The stock has a market cap of $2.28 billion, a P/E ratio of -24.67 and a beta of 1.34. The company has a quick ratio of 1.20, a current ratio of 1.61 and a debt-to-equity ratio of 0.40. The firm has a 50 day moving average of $50.65 and a two-hundred day moving average of $49.41. Itron, Inc. has a 1-year low of $39.38 and a 1-year high of $70.67.
Itron (NASDAQ:ITRI – Get Rating) last released its quarterly earnings data on Thursday, November 3rd. The scientific and technical instruments company reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. The business had revenue of $420.86 million during the quarter, compared to the consensus estimate of $459.68 million. Itron had a positive return on equity of 4.62% and a negative net margin of 5.01%. On average, research analysts anticipate that Itron, Inc. will post 0.51 EPS for the current year.
Institutional Trading of Itron
A number of institutional investors and hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its position in Itron by 105.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 698 shares of the scientific and technical instruments company’s stock worth $34,000 after purchasing an additional 358 shares during the period. Quadrant Capital Group LLC boosted its position in Itron by 230.1% during the 3rd quarter. Quadrant Capital Group LLC now owns 845 shares of the scientific and technical instruments company’s stock worth $36,000 after purchasing an additional 589 shares during the period. Nisa Investment Advisors LLC boosted its position in Itron by 122.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the scientific and technical instruments company’s stock worth $54,000 after purchasing an additional 600 shares during the period. US Bancorp DE boosted its position in Itron by 30.7% during the 1st quarter. US Bancorp DE now owns 1,040 shares of the scientific and technical instruments company’s stock worth $54,000 after purchasing an additional 244 shares during the period. Finally, Eagle Bay Advisors LLC boosted its position in Itron by 106.3% during the 2nd quarter. Eagle Bay Advisors LLC now owns 1,407 shares of the scientific and technical instruments company’s stock worth $70,000 after purchasing an additional 725 shares during the period. 96.64% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
ITRI has been the topic of a number of research analyst reports. StockNews.com upgraded Itron from a “hold” rating to a “buy” rating in a research report on Wednesday, December 14th. JPMorgan Chase & Co. decreased their price target on Itron from $65.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, October 20th. Morgan Stanley decreased their price target on Itron from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Friday, November 4th. Raymond James cut their price objective on Itron from $68.00 to $57.00 and set a “strong-buy” rating for the company in a research report on Friday, November 4th. Finally, EF Hutton Acquisition Co. I cut their price target on Itron from $72.00 to $60.00 and set a “buy” rating for the company in a report on Friday, November 4th. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Itron has an average rating of “Moderate Buy” and an average price target of $55.13.
Itron Company Profile
Itron, Inc, a technology and service company, provides end-to-end solutions that help manage operations in the energy, water, and smart city space worldwide. The company operates through three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing.
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