Itron Inc. (NASDAQ:ITRI) Director Thomas S. Glanville sold 1,226 shares of the company’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $56.50, for a total transaction of $69,269.00. Following the completion of the transaction, the director now directly owns 18,453 shares in the company, valued at approximately $1,042,594.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Itron Inc. (NASDAQ:ITRI) traded up 0.51% during mid-day trading on Wednesday, reaching $55.52. 216,784 shares of the company traded hands. The firm’s 50 day moving average price is $53.63 and its 200-day moving average price is $45.61. Itron Inc. has a 52-week low of $29.02 and a 52-week high of $57.25. The company has a market capitalization of $2.12 billion, a P/E ratio of 41.49 and a beta of 1.44.
Itron (NASDAQ:ITRI) last released its quarterly earnings results on Thursday, September 1st. The company reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.22. Itron had a return on equity of 10.94% and a net margin of 2.62%. The company earned $513.02 million during the quarter. During the same period in the previous year, the company posted ($0.39) EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. Equities analysts predict that Itron Inc. will post $2.37 earnings per share for the current fiscal year.
ITRI has been the topic of a number of recent analyst reports. Robert W. Baird reaffirmed an “outperform” rating and issued a $47.00 target price on shares of Itron in a research report on Saturday, August 13th. TheStreet raised shares of Itron from a “hold” rating to a “buy” rating in a research report on Monday, August 29th. Canaccord Genuity reissued a “buy” rating and set a $61.00 price target (up previously from $57.00) on shares of Itron in a research report on Monday, October 3rd. Zacks Investment Research raised shares of Itron from a “hold” rating to a “strong-buy” rating and set a $62.00 price target on the stock in a research report on Friday, September 9th. Finally, Cowen and Company reissued a “market perform” rating and set a $50.00 price target (up previously from $45.00) on shares of Itron in a research report on Sunday, September 4th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $54.71.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. boosted its position in Itron by 6.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,036,667 shares of the company’s stock valued at $43,250,000 after buying an additional 58,844 shares during the last quarter. Scopia Capital Management LP raised its stake in shares of Itron by 26.6% in the first quarter. Scopia Capital Management LP now owns 4,475,083 shares of the company’s stock valued at $186,700,000 after buying an additional 940,900 shares during the period. Renaissance Technologies LLC raised its stake in shares of Itron by 55.3% in the first quarter. Renaissance Technologies LLC now owns 619,361 shares of the company’s stock valued at $25,840,000 after buying an additional 220,461 shares during the period. Prudential Financial Inc. raised its stake in shares of Itron by 1.7% in the first quarter. Prudential Financial Inc. now owns 94,901 shares of the company’s stock valued at $3,959,000 after buying an additional 1,570 shares during the period. Finally, Capstone Asset Management Co. raised its stake in shares of Itron by 2.2% in the second quarter. Capstone Asset Management Co. now owns 11,586 shares of the company’s stock valued at $499,000 after buying an additional 250 shares during the period. 96.92% of the stock is owned by institutional investors.
Itron Company Profile
Itron, Inc (Itron) is a technology and service company. The Company provides solutions that measure, manage, and analyze energy and water use. The Company operates through three segments: Electricity, Gas and Water. The Company is the supplier of electricity metering solutions, including standard meters and advanced and smart metering systems.
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