Itron, Inc. (NASDAQ:ITRI) Position Raised by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lifted its position in shares of Itron, Inc. (NASDAQ:ITRI) by 5.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 16,406 shares of the scientific and technical instruments company’s stock after acquiring an additional 871 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Itron were worth $1,752,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Hexagon Capital Partners LLC grew its position in Itron by 85.6% in the 2nd quarter. Hexagon Capital Partners LLC now owns 271 shares of the scientific and technical instruments company’s stock worth $27,000 after purchasing an additional 125 shares during the last quarter. Quarry LP grew its holdings in Itron by 53.0% in the 2nd quarter. Quarry LP now owns 352 shares of the scientific and technical instruments company’s stock worth $35,000 after buying an additional 122 shares in the last quarter. Covestor Ltd increased its position in Itron by 26.1% in the 3rd quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company’s stock valued at $57,000 after acquiring an additional 111 shares during the period. GAMMA Investing LLC raised its stake in Itron by 46.6% during the 2nd quarter. GAMMA Investing LLC now owns 720 shares of the scientific and technical instruments company’s stock valued at $71,000 after acquiring an additional 229 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Itron by 21.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the scientific and technical instruments company’s stock worth $77,000 after acquiring an additional 129 shares during the period. Institutional investors and hedge funds own 96.19% of the company’s stock.

Itron Price Performance

Shares of NASDAQ:ITRI opened at $118.70 on Tuesday. The company’s fifty day moving average is $109.53 and its two-hundred day moving average is $104.97. The company has a market cap of $5.35 billion, a P/E ratio of 24.32, a price-to-earnings-growth ratio of 0.89 and a beta of 1.46. Itron, Inc. has a 12-month low of $65.42 and a 12-month high of $124.90. 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 (NASDAQ:ITRI) last announced its quarterly earnings data on Thursday, October 31st. The scientific and technical instruments company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.71. Itron had a return on equity of 19.03% and a net margin of 9.37%. The firm had revenue of $615.46 million during the quarter, compared to the consensus estimate of $596.41 million. During the same period in the prior year, the business earned $0.98 EPS. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities analysts expect that Itron, Inc. will post 5.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Itron news, CEO Thomas Deitrich sold 37,500 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $104.83, for a total value of $3,931,125.00. Following the completion of the sale, the chief executive officer now owns 205,276 shares in the company, valued at $21,519,083.08. This represents a 15.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.45% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on ITRI shares. Guggenheim raised their price target on Itron from $128.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Piper Sandler boosted their price target on shares of Itron from $110.00 to $119.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. BNP Paribas started coverage on shares of Itron in a report on Thursday, September 5th. They issued an “outperform” rating and a $133.00 price objective for the company. Oppenheimer boosted their target price on Itron from $120.00 to $124.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Roth Mkm increased their price target on Itron from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Itron currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.92.

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.