Itron Inc. (NASDAQ:ITRI) Director Jon E. Eliassen sold 1,000 shares of Itron stock in a transaction that occurred on Thursday, October 6th. The stock was sold at an average price of $56.98, for a total value of $56,980.00. Following the completion of the sale, the director now owns 16,492 shares in the company, valued at $939,714.16. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Itron Inc. (NASDAQ:ITRI) opened at 56.31 on Friday. The stock has a market cap of $2.15 billion, a PE ratio of 42.09 and a beta of 1.44. Itron Inc. has a 52 week low of $29.02 and a 52 week high of $57.25. The firm’s 50-day moving average price is $52.99 and its 200-day moving average price is $45.30.
Itron (NASDAQ:ITRI) last issued its quarterly earnings data on Thursday, September 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.22. Itron had a return on equity of 10.94% and a net margin of 2.62%. The business had revenue of $513.02 million for the quarter. During the same quarter last year, the company earned ($0.39) earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities analysts predict that Itron Inc. will post $2.37 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of ITRI. BlackRock Institutional Trust Company N.A. increased its stake in shares of Itron by 6.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,036,667 shares of the company’s stock worth $43,250,000 after buying an additional 58,844 shares during the period. Scopia Capital Management LP increased its stake in shares of Itron by 26.6% in the first quarter. Scopia Capital Management LP now owns 4,475,083 shares of the company’s stock worth $186,700,000 after buying an additional 940,900 shares during the period. Renaissance Technologies LLC increased its stake in shares of Itron by 55.3% in the first quarter. Renaissance Technologies LLC now owns 619,361 shares of the company’s stock worth $25,840,000 after buying an additional 220,461 shares during the period. Prudential Financial Inc. increased its stake in shares of Itron by 1.7% in the first quarter. Prudential Financial Inc. now owns 94,901 shares of the company’s stock worth $3,959,000 after buying an additional 1,570 shares during the period. Finally, Capstone Asset Management Co. increased its stake in shares of Itron by 2.2% in the second quarter. Capstone Asset Management Co. now owns 11,586 shares of the company’s stock worth $499,000 after buying an additional 250 shares during the period. Institutional investors and hedge funds own 96.92% of the company’s stock.
A number of equities research analysts have recently weighed in on ITRI shares. Zacks Investment Research lowered Itron from a “buy” rating to a “hold” rating in a research report on Tuesday, July 5th. Canaccord Genuity restated a “buy” rating and issued a $57.00 target price (up previously from $50.00) on shares of Itron in a research note on Friday, September 2nd. Cowen and Company restated a “market perform” rating and issued a $50.00 target price (up previously from $45.00) on shares of Itron in a research note on Sunday, September 4th. Needham & Company LLC raised their target price on Itron from $46.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, September 2nd. Finally, Robert W. Baird set a $56.00 target price on Itron and gave the company a “buy” rating in a research note on Sunday, September 4th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $54.71.
Itron, Inc (Itron) is a technology and service company. The Company provides solutions that measure, manage, and analyze energy and water use. The Company operates through three segments: Electricity, Gas and Water. The Company is the supplier of electricity metering solutions, including standard meters and advanced and smart metering systems.
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