Itron, Inc. (ITRI) Shares Bought by Menta Capital LLC

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Menta Capital LLC increased its stake in Itron, Inc. (NASDAQ:ITRI) by 46.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,060 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,600 shares during the quarter. Menta Capital LLC’s holdings in Itron were worth $239,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. increased its holdings in Itron by 1.2% during the 3rd quarter. BlackRock Inc. now owns 5,114,960 shares of the scientific and technical instruments company’s stock valued at $328,380,000 after acquiring an additional 58,386 shares in the last quarter. Vanguard Group Inc. increased its holdings in Itron by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 3,407,421 shares of the scientific and technical instruments company’s stock valued at $218,756,000 after acquiring an additional 73,730 shares in the last quarter. Vanguard Group Inc increased its holdings in Itron by 2.2% during the 3rd quarter. Vanguard Group Inc now owns 3,407,421 shares of the scientific and technical instruments company’s stock valued at $218,756,000 after acquiring an additional 73,730 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Itron by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,026,449 shares of the scientific and technical instruments company’s stock valued at $48,541,000 after acquiring an additional 26,319 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Itron by 9.5% during the 4th quarter. Geode Capital Management LLC now owns 390,825 shares of the scientific and technical instruments company’s stock worth $18,482,000 after purchasing an additional 33,782 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

In other news, SVP Michel Cadieux sold 3,350 shares of the business’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $60.75, for a total transaction of $203,512.50. Following the completion of the transaction, the senior vice president now owns 41,479 shares of the company’s stock, valued at $2,519,849.25. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Philip Mezey sold 22,645 shares of the business’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $60.75, for a total transaction of $1,375,683.75. Following the transaction, the chief executive officer now directly owns 87,077 shares of the company’s stock, valued at approximately $5,289,927.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 172,795 shares of company stock valued at $9,025,962. 2.32% of the stock is currently owned by corporate insiders.

Several equities research analysts have issued reports on the stock. JMP Securities decreased their target price on shares of Itron from $80.00 to $72.00 and set a “market outperform” rating on the stock in a research report on Thursday, February 28th. Needham & Company LLC reissued a “buy” rating and issued a $70.00 target price on shares of Itron in a research report on Thursday, February 28th. BidaskClub raised shares of Itron from a “sell” rating to a “hold” rating in a research report on Saturday, February 23rd. Zacks Investment Research raised shares of Itron from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, Guggenheim began coverage on shares of Itron in a research report on Monday, December 3rd. They issued a “buy” rating and a $70.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. Itron presently has a consensus rating of “Hold” and an average target price of $72.00.

Shares of NASDAQ:ITRI opened at $50.04 on Wednesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.37 and a quick ratio of 1.03. The firm has a market capitalization of $1.98 billion, a P/E ratio of 18.88, a P/E/G ratio of 0.80 and a beta of 1.34. Itron, Inc. has a 12-month low of $44.35 and a 12-month high of $73.53.

Itron (NASDAQ:ITRI) last issued its quarterly earnings results on Wednesday, February 27th. The scientific and technical instruments company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.20. The business had revenue of $587.00 million during the quarter, compared to analyst estimates of $600.73 million. Itron had a negative net margin of 4.18% and a positive return on equity of 14.92%. The business’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.01 earnings per share. Equities research analysts predict that Itron, Inc. will post 2.49 earnings per share for the current year.

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About Itron

Itron, Inc, a technology and service company, provides end-to-end solutions that measures, manages, and analyzes energy and water use worldwide. The company operates through three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing.

Further Reading: What is the Consumer Price Index (CPI)?

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Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

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