Itron Inc. (NASDAQ:ITRI) Director Thomas S. Glanville sold 1,226 shares of the business’s stock in a transaction that occurred on Monday, October 10th. The shares were sold at an average price of $56.50, for a total transaction of $69,269.00. Following the transaction, the director now owns 18,453 shares of the company’s stock, valued at approximately $1,042,594.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Itron Inc. (NASDAQ:ITRI) opened at 55.52 on Thursday. The stock has a 50 day moving average of $53.63 and a 200-day moving average of $45.61. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 41.49 and a beta of 1.44. Itron Inc. has a 12 month low of $29.02 and a 12 month high of $57.25.
Itron (NASDAQ:ITRI) last released its quarterly earnings results on Thursday, September 1st. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.22. Itron had a net margin of 2.62% and a return on equity of 10.94%. The firm earned $513.02 million during the quarter. During the same quarter in the previous year, the business posted ($0.39) EPS. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, analysts forecast that Itron Inc. will post $2.37 EPS for the current year.
Several research analysts have recently weighed in on ITRI shares. Needham & Company LLC upped their price target on shares of Itron from $46.00 to $60.00 and gave the company a “buy” rating in a report on Friday, September 2nd. TheStreet upgraded shares of Itron from a “hold” rating to a “buy” rating in a report on Monday, August 29th. Canaccord Genuity reiterated a “buy” rating and issued a $57.00 price target (up previously from $50.00) on shares of Itron in a report on Friday, September 2nd. Zacks Investment Research upgraded shares of Itron from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Tuesday, June 28th. Finally, Cowen and Company reiterated a “market perform” rating and issued a $50.00 price target (up previously from $45.00) on shares of Itron in a report on Sunday, September 4th. One analyst has rated the stock with a hold rating, six have given 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 price target of $54.71.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its position in Itron by 55.3% in the first quarter. Renaissance Technologies LLC now owns 619,361 shares of the company’s stock valued at $25,840,000 after buying an additional 220,461 shares during the last quarter. HBK Investments L P bought a new stake in shares of Itron during the first quarter valued at approximately $397,000. Bogle Investment Management L P DE bought a new stake in shares of Itron during the first quarter valued at approximately $4,514,000. Goldman Sachs Group Inc. increased its stake in shares of Itron by 23.1% in the first quarter. Goldman Sachs Group Inc. now owns 220,635 shares of the company’s stock valued at $9,205,000 after buying an additional 41,457 shares during the period. Finally, UBS Asset Management Americas Inc. increased its stake in shares of Itron by 164.6% in the first quarter. UBS Asset Management Americas Inc. now owns 742,060 shares of the company’s stock valued at $30,959,000 after buying an additional 461,562 shares during the period. Hedge funds and other institutional investors own 96.92% of the company’s stock.
Itron Company Profile
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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