Gamco Investors INC. ET AL Has $5.92 Million Stock Position in Itron, Inc. (NASDAQ:ITRI)

Gamco Investors INC. ET AL cut its holdings in Itron, Inc. (NASDAQ:ITRI) by 1.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,000 shares of the scientific and technical instruments company’s stock after selling 1,000 shares during the period. Gamco Investors INC. ET AL’s holdings in Itron were worth $5,921,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in ITRI. Trexquant Investment LP increased its stake in Itron by 18.4% during the fourth quarter. Trexquant Investment LP now owns 67,973 shares of the scientific and technical instruments company’s stock valued at $5,133,000 after acquiring an additional 10,542 shares during the period. Los Angeles Capital Management LLC bought a new position in Itron during the first quarter valued at about $2,002,000. Commonwealth Equity Services LLC bought a new position in Itron during the first quarter valued at about $1,076,000. Jupiter Asset Management Ltd. bought a new position in Itron during the first quarter valued at about $2,029,000. Finally, Oppenheimer & Co. Inc. increased its stake in Itron by 91.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 30,568 shares of the scientific and technical instruments company’s stock valued at $2,308,000 after acquiring an additional 14,573 shares during the period. 96.19% of the stock is currently owned by institutional investors.

Insider Activity at Itron

In related news, CEO Thomas Deitrich sold 873 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $108.87, for a total value of $95,043.51. Following the completion of the sale, the chief executive officer now owns 206,163 shares in the company, valued at approximately $22,444,965.81. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Itron news, CFO Joan S. Hooper sold 501 shares of Itron stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $108.87, for a total value of $54,543.87. Following the sale, the chief financial officer now owns 72,847 shares of the company’s stock, valued at approximately $7,930,852.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas Deitrich sold 873 shares of Itron stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $108.87, for a total value of $95,043.51. Following the completion of the sale, the chief executive officer now directly owns 206,163 shares in the company, valued at approximately $22,444,965.81. The disclosure for this sale can be found here. Insiders sold a total of 1,775 shares of company stock worth $192,613 in the last quarter. Corporate insiders own 1.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Guggenheim raised Itron from a “neutral” rating to a “buy” rating and set a $130.00 price objective on the stock in a report on Thursday, July 11th. StockNews.com downgraded Itron from a “strong-buy” rating to a “buy” rating in a report on Friday, June 28th. Roth Mkm lifted their price objective on Itron from $112.00 to $122.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. TD Cowen lifted their price objective on Itron from $110.00 to $115.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Finally, Oppenheimer lifted their price objective on Itron from $110.00 to $112.00 and gave the company an “outperform” rating in a report on Wednesday, July 17th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $112.09.

Itron Trading Up 2.3 %

NASDAQ:ITRI traded up $2.37 during trading hours on Friday, hitting $103.56. 630,649 shares of the stock were exchanged, compared to its average volume of 662,523. The company’s 50 day moving average is $103.85 and its two-hundred day moving average is $92.93. Itron, Inc. has a twelve month low of $56.11 and a twelve month high of $111.00. The company has a quick ratio of 1.40, a current ratio of 1.90 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $4.75 billion, a P/E ratio of 29.76, a price-to-earnings-growth ratio of 0.97 and a beta of 1.45.

Itron (NASDAQ:ITRI) last released its quarterly earnings data on Thursday, May 2nd. The scientific and technical instruments company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.39. Itron had a net margin of 7.03% and a return on equity of 14.51%. The business had revenue of $603.44 million during the quarter, compared to analysts’ expectations of $579.49 million. During the same quarter in the prior year, the company earned $0.49 EPS. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. On average, sell-side analysts anticipate that Itron, Inc. will post 4.1 earnings per share for the current fiscal year.

Itron Profile

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.