Itron, Inc. (NASDAQ:ITRI) Holdings Decreased by Sonen Capital LLC

Sonen Capital LLC lowered its stake in Itron, Inc. (NASDAQ:ITRI) by 23.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,632 shares of the scientific and technical instruments company’s stock after selling 1,118 shares during the quarter. Sonen Capital LLC’s holdings in Itron were worth $274,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of Itron in the 3rd quarter worth approximately $239,000. Pinnacle Associates Ltd. lifted its position in Itron by 25.0% in the third quarter. Pinnacle Associates Ltd. now owns 397,261 shares of the scientific and technical instruments company’s stock worth $24,066,000 after purchasing an additional 79,340 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in Itron by 1.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 19,549 shares of the scientific and technical instruments company’s stock valued at $1,184,000 after purchasing an additional 236 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Itron by 453.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 114,856 shares of the scientific and technical instruments company’s stock valued at $6,958,000 after purchasing an additional 94,085 shares during the period. Finally, Mackenzie Financial Corp raised its stake in shares of Itron by 313.4% in the 3rd quarter. Mackenzie Financial Corp now owns 11,595 shares of the scientific and technical instruments company’s stock worth $677,000 after buying an additional 8,790 shares in the last quarter. Institutional investors own 96.19% of the company’s stock.

Itron Stock Performance

Shares of Itron stock opened at $95.75 on Friday. Itron, Inc. has a 12 month low of $50.97 and a 12 month high of $97.84. The company has a quick ratio of 1.43, a current ratio of 1.95 and a debt-to-equity ratio of 0.34. The stock has a market cap of $4.39 billion, a PE ratio of 45.60, a price-to-earnings-growth ratio of 1.06 and a beta of 1.41. The business has a fifty day simple moving average of $89.76 and a 200-day simple moving average of $76.16.

Itron (NASDAQ:ITRI) last announced its quarterly earnings data on Monday, February 26th. The scientific and technical instruments company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.48. The firm had revenue of $577.17 million during the quarter, compared to the consensus estimate of $569.90 million. Itron had a return on equity of 12.27% and a net margin of 4.46%. The business’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.71 EPS. On average, sell-side analysts anticipate that Itron, Inc. will post 3.61 EPS for the current fiscal year.

Insider Buying and Selling at Itron

In other Itron news, SVP Donald L. Reeves III sold 383 shares of Itron stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $75.37, for a total transaction of $28,866.71. Following the completion of the sale, the senior vice president now owns 8,708 shares of the company’s stock, valued at approximately $656,321.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, SVP Donald L. Reeves III sold 383 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $75.37, for a total transaction of $28,866.71. Following the transaction, the senior vice president now owns 8,708 shares of the company’s stock, valued at $656,321.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Thomas Deitrich sold 1,912 shares of Itron stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $75.37, for a total transaction of $144,107.44. Following the completion of the sale, the chief executive officer now owns 169,073 shares of the company’s stock, valued at $12,743,032.01. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,467 shares of company stock worth $2,752,520. 1.45% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ITRI has been the subject of several research reports. Robert W. Baird raised their target price on Itron from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, March 13th. TD Cowen lifted their price objective on shares of Itron from $107.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 13th. Piper Sandler dropped their target price on shares of Itron from $105.00 to $103.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. Canaccord Genuity Group upgraded shares of Itron from a “hold” rating to a “buy” rating and raised their target price for the stock from $68.00 to $105.00 in a report on Tuesday, February 27th. Finally, JPMorgan Chase & Co. upped their price target on Itron from $77.00 to $92.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Itron currently has a consensus rating of “Moderate Buy” and an average price target of $97.60.

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.