Itron, Inc. (NASDAQ:ITRI) CAO David Marshall Wright Sells 317 Shares

Itron, Inc. (NASDAQ:ITRI) CAO David Marshall Wright sold 317 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $92.90, for a total transaction of $29,449.30. Following the transaction, the chief accounting officer now directly owns 8,108 shares of the company’s stock, valued at approximately $753,233.20. This trade represents a 3.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Itron Stock Up 9.9 %

Shares of NASDAQ:ITRI traded up $9.21 on Tuesday, hitting $101.81. 2,808,142 shares of the company’s stock were exchanged, compared to its average volume of 598,323. Itron, Inc. has a 1-year low of $83.60 and a 1-year high of $124.90. The company has a market capitalization of $4.59 billion, a PE ratio of 20.86, a P/E/G ratio of 0.81 and a beta of 1.46. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.83 and a current ratio of 3.36. The firm’s 50-day moving average is $104.99 and its 200 day moving average is $106.84.

Itron (NASDAQ:ITRI) last announced its quarterly earnings results 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%. Sell-side analysts predict that Itron, Inc. will post 5.33 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Roth Mkm upped their target price on shares of Itron from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Robert W. Baird boosted their price target on shares of Itron from $123.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Guggenheim increased their price objective on Itron from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Oppenheimer lifted their target price on Itron from $120.00 to $124.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, StockNews.com upgraded Itron from a “buy” rating to a “strong-buy” rating in a report on Friday. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Itron presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.92.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ITRI. GTS Securities LLC purchased a new stake in Itron in the fourth quarter valued at $288,000. Vise Technologies Inc. grew its holdings in shares of Itron by 18.4% during the fourth quarter. Vise Technologies Inc. now owns 2,456 shares of the scientific and technical instruments company’s stock worth $267,000 after purchasing an additional 381 shares during the last quarter. Squarepoint Ops LLC increased its position in shares of Itron by 52.6% during the fourth quarter. Squarepoint Ops LLC now owns 139,538 shares of the scientific and technical instruments company’s stock worth $15,151,000 after purchasing an additional 48,084 shares in the last quarter. Tema Etfs LLC purchased a new stake in shares of Itron in the 4th quarter valued at about $517,000. Finally, SIR Capital Management L.P. boosted its position in shares of Itron by 25.6% in the 4th quarter. SIR Capital Management L.P. now owns 59,305 shares of the scientific and technical instruments company’s stock valued at $6,439,000 after purchasing an additional 12,105 shares during the period. Institutional investors and hedge funds 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.