Olympiad Research LP Sells 1,586 Shares of Itron, Inc. (NASDAQ:ITRI)

Olympiad Research LP decreased its position in shares of Itron, Inc. (NASDAQ:ITRI) by 42.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,118 shares of the scientific and technical instruments company’s stock after selling 1,586 shares during the quarter. Olympiad Research LP’s holdings in Itron were worth $226,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Quarry LP raised its position in Itron by 53.0% in the 2nd quarter. Quarry LP now owns 352 shares of the scientific and technical instruments company’s stock valued at $35,000 after buying an additional 122 shares during the last quarter. Hexagon Capital Partners LLC lifted its position in shares of Itron by 85.6% during the second quarter. Hexagon Capital Partners LLC now owns 271 shares of the scientific and technical instruments company’s stock valued at $27,000 after purchasing an additional 125 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Itron by 21.7% during the third quarter. Farther Finance Advisors LLC now owns 724 shares of the scientific and technical instruments company’s stock valued at $77,000 after purchasing an additional 129 shares in the last quarter. Xponance Inc. boosted its holdings in Itron by 5.1% during the second quarter. Xponance Inc. now owns 2,910 shares of the scientific and technical instruments company’s stock worth $288,000 after purchasing an additional 142 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in Itron by 1.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 11,425 shares of the scientific and technical instruments company’s stock worth $1,220,000 after purchasing an additional 190 shares in the last quarter. 96.19% of the stock is owned by institutional investors and hedge funds.

Itron Stock Performance

Itron stock opened at $123.73 on Friday. The firm’s 50 day simple moving average is $105.76 and its 200 day simple moving average is $103.60. The company has a current ratio of 3.36, a quick ratio of 2.83 and a debt-to-equity ratio of 0.91. Itron, Inc. has a 1-year low of $62.45 and a 1-year high of $124.72. The firm has a market capitalization of $5.58 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 0.92 and a beta of 1.46.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Thursday, October 31st. The scientific and technical instruments company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.71. The company had revenue of $615.46 million during the quarter, compared to analyst estimates of $596.41 million. Itron had a return on equity of 19.03% and a net margin of 9.37%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company earned $0.98 earnings per share. As a group, analysts expect that Itron, Inc. will post 5.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Donald L. Reeves III sold 4,210 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $101.00, for a total value of $425,210.00. Following the transaction, the senior vice president now owns 16,269 shares of the company’s stock, valued at $1,643,169. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Donald L. Reeves III sold 4,210 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $101.00, for a total value of $425,210.00. Following the completion of the transaction, the senior vice president now directly owns 16,269 shares in the company, valued at approximately $1,643,169. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Joan S. Hooper sold 509 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $102.15, for a total value of $51,994.35. Following the transaction, the chief financial officer now directly owns 72,338 shares in the company, valued at approximately $7,389,326.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,276 shares of company stock worth $4,515,846. Insiders own 1.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Stephens reiterated an “equal weight” rating and set a $110.00 price target on shares of Itron in a report on Monday, August 5th. Guggenheim boosted their price target on shares of Itron from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday. Janney Montgomery Scott initiated coverage on shares of Itron in a research report on Friday, September 27th. They issued a “buy” rating and a $131.00 price objective on the stock. Robert W. Baird increased their target price on shares of Itron from $123.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Itron from $104.00 to $112.00 and gave the stock a “neutral” rating in a report on Tuesday, July 16th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $123.92.

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.