Mary C. Hemmingsen Sells 750 Shares of Itron, Inc. (NASDAQ:ITRI) Stock

Itron, Inc. (NASDAQ:ITRI) Director Mary C. Hemmingsen sold 750 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $107.27, for a total transaction of $80,452.50. Following the transaction, the director now owns 5,630 shares in the company, valued at $603,930.10. The trade was a 11.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Itron Trading Up 1.5 %

Shares of NASDAQ ITRI traded up $1.60 during midday trading on Friday, reaching $108.49. 473,455 shares of the stock were exchanged, compared to its average volume of 623,657. Itron, Inc. has a 12 month low of $86.13 and a 12 month high of $124.90. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 22.20, a P/E/G ratio of 0.81 and a beta of 1.46. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83. The business has a 50-day simple moving average of $104.96 and a two-hundred day simple moving average of $106.85.

Wall Street Analyst Weigh In

Several research firms have issued reports on ITRI. Robert W. Baird upped their price objective on Itron from $123.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Oppenheimer boosted their target price on Itron from $124.00 to $131.00 and gave the stock an “outperform” rating in a research report on Wednesday. Canaccord Genuity Group raised their price target on Itron from $130.00 to $132.00 and gave the company a “buy” rating in a report on Wednesday. Guggenheim lowered their price objective on Itron from $135.00 to $133.00 and set a “buy” rating for the company in a research report on Thursday. Finally, TD Cowen upped their target price on shares of Itron from $125.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $127.64.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ITRI. GeoWealth Management LLC raised its position in shares of Itron by 4,580.0% during the fourth quarter. GeoWealth Management LLC now owns 234 shares of the scientific and technical instruments company’s stock worth $25,000 after purchasing an additional 229 shares during the period. Proficio Capital Partners LLC bought a new position in Itron in the fourth quarter valued at approximately $30,000. Continuum Advisory LLC boosted its holdings in shares of Itron by 42.1% in the third quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company’s stock valued at $40,000 after buying an additional 102 shares during the period. Quarry LP increased its position in shares of Itron by 29.0% during the third quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company’s stock worth $48,000 after acquiring an additional 102 shares in the last quarter. Finally, Covestor Ltd raised its holdings in shares of Itron by 26.1% during the third quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company’s stock worth $57,000 after acquiring an additional 111 shares during the period. 96.19% of the stock is owned by institutional investors and hedge funds.

About Itron

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.