Itron, Inc. (NASDAQ:ITRI) SVP Sells $441,589.59 in Stock

Itron, Inc. (NASDAQ:ITRI) SVP John F. Marcolini sold 3,783 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $116.73, for a total transaction of $441,589.59. Following the sale, the senior vice president now owns 21,865 shares of the company’s stock, valued at approximately $2,552,301.45. The trade was a 14.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Itron Price Performance

ITRI opened at $120.56 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.83 and a current ratio of 3.36. The stock has a market capitalization of $5.50 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 0.81 and a beta of 1.31. The stock’s 50 day moving average price is $108.22 and its 200-day moving average price is $107.80. Itron, Inc. has a 52-week low of $90.11 and a 52-week high of $124.90.

Itron (NASDAQ:ITRI) last issued its quarterly earnings data on Thursday, May 1st. The scientific and technical instruments company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.22. Itron had a net margin of 9.37% and a return on equity of 19.03%. The business had revenue of $607.15 million for the quarter, compared to the consensus estimate of $608.86 million. During the same period in the previous year, the firm earned $1.24 EPS. The company’s quarterly revenue was up .6% compared to the same quarter last year. On average, equities research analysts predict that Itron, Inc. will post 5.33 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ITRI shares. Wall Street Zen lowered Itron from a “buy” rating to a “hold” rating in a research note on Sunday, June 1st. Canaccord Genuity Group lifted their price target on Itron from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Oppenheimer increased their price objective on Itron from $124.00 to $131.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Guggenheim restated a “buy” rating and issued a $133.00 target price on shares of Itron in a report on Thursday, April 17th. Finally, Piper Sandler decreased their target price on shares of Itron from $124.00 to $121.00 and set a “neutral” rating on the stock in a research note on Monday, May 5th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $127.36.

Hedge Funds Weigh In On Itron

Several hedge funds and other institutional investors have recently modified their holdings of ITRI. Hager Investment Management Services LLC bought a new stake in Itron during the 4th quarter valued at approximately $67,000. Measured Wealth Private Client Group LLC lifted its stake in shares of Itron by 9.7% in the 4th quarter. Measured Wealth Private Client Group LLC now owns 3,814 shares of the scientific and technical instruments company’s stock valued at $414,000 after purchasing an additional 338 shares during the period. Louisiana State Employees Retirement System lifted its stake in shares of Itron by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 21,800 shares of the scientific and technical instruments company’s stock valued at $2,367,000 after purchasing an additional 100 shares during the period. Legato Capital Management LLC boosted its position in shares of Itron by 11.9% during the fourth quarter. Legato Capital Management LLC now owns 18,057 shares of the scientific and technical instruments company’s stock valued at $1,961,000 after purchasing an additional 1,923 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its stake in Itron by 8.1% in the fourth quarter. Vontobel Holding Ltd. now owns 464,787 shares of the scientific and technical instruments company’s stock worth $50,467,000 after purchasing an additional 34,842 shares during the period. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Itron Company Profile

Itron, Inc, a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing, such as standard gas, electricity, water, and communicating meters, as well as heat and allocation products.