Itron, Inc. (NASDAQ:ITRI) SVP Sells $60,199.20 in Stock

Itron, Inc. (NASDAQ:ITRI) SVP Christopher E. Ware sold 648 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $92.90, for a total transaction of $60,199.20. Following the completion of the sale, the senior vice president now directly owns 20,326 shares of the company’s stock, valued at $1,888,285.40. The trade was a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Itron Stock Up 9.9 %

Shares of NASDAQ:ITRI traded up $9.21 during trading on Tuesday, reaching $101.81. 2,808,142 shares of the company traded hands, compared to its average volume of 598,323. The firm has a fifty day simple moving average of $104.99 and a 200 day simple moving average of $106.84. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91. Itron, Inc. has a 1-year low of $83.60 and a 1-year high of $124.90. The firm has a market cap of $4.59 billion, a P/E ratio of 20.86, a price-to-earnings-growth ratio of 0.81 and a beta of 1.46.

Itron (NASDAQ:ITRI) last released its quarterly earnings data on Tuesday, February 25th. The scientific and technical instruments company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.30. Itron had a return on equity of 19.03% and a net margin of 9.37%. Analysts anticipate that Itron, Inc. will post 5.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ITRI has been the subject of a number of research reports. Roth Mkm raised their target price on shares of Itron from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Robert W. Baird upped their price objective on shares of Itron from $123.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. StockNews.com upgraded shares of Itron from a “buy” rating to a “strong-buy” rating in a report on Friday. Guggenheim boosted their price target on shares of Itron from $128.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, TD Cowen upped their price target on shares of Itron from $125.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.92.

Institutional Investors Weigh In On Itron

Large investors have recently made changes to their positions in the company. GeoWealth Management LLC raised its position in Itron by 4,580.0% during the fourth quarter. GeoWealth Management LLC now owns 234 shares of the scientific and technical instruments company’s stock valued at $25,000 after acquiring an additional 229 shares in the last quarter. Continuum Advisory LLC raised its holdings in shares of Itron by 42.1% during the 3rd quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company’s stock valued at $40,000 after purchasing an additional 102 shares in the last quarter. Quarry LP lifted its stake in shares of Itron by 29.0% in the 3rd quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company’s stock valued at $48,000 after purchasing an additional 102 shares during the last quarter. Covestor Ltd boosted its holdings in Itron by 26.1% in the third quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company’s stock worth $57,000 after purchasing an additional 111 shares in the last quarter. Finally, CoreCap Advisors LLC boosted its holdings in Itron by 25.5% in the fourth quarter. CoreCap Advisors LLC now owns 616 shares of the scientific and technical instruments company’s stock worth $67,000 after purchasing an additional 125 shares in the last quarter. Institutional investors own 96.19% of the company’s stock.

Itron Company 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.