BROOKFIELD Corp ON Purchases 5,257 Shares of Itron, Inc. (NASDAQ:ITRI)

BROOKFIELD Corp ON increased its position in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 23.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,700 shares of the scientific and technical instruments company's stock after purchasing an additional 5,257 shares during the period. BROOKFIELD Corp ON owned 0.06% of Itron worth $3,008,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Trust Advisors LP grew its holdings in Itron by 9.1% during the 4th quarter. First Trust Advisors LP now owns 802,584 shares of the scientific and technical instruments company's stock valued at $87,145,000 after buying an additional 66,637 shares in the last quarter. Norges Bank bought a new position in shares of Itron during the fourth quarter worth $64,615,000. Northern Trust Corp grew its stake in Itron by 11.4% during the fourth quarter. Northern Trust Corp now owns 572,266 shares of the scientific and technical instruments company's stock valued at $62,137,000 after acquiring an additional 58,546 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in Itron by 8.1% in the 4th quarter. Vontobel Holding Ltd. now owns 464,787 shares of the scientific and technical instruments company's stock valued at $50,467,000 after acquiring an additional 34,842 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Itron by 85.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 425,484 shares of the scientific and technical instruments company's stock worth $46,199,000 after purchasing an additional 196,396 shares in the last quarter. 96.19% of the stock is currently owned by institutional investors.

Itron Trading Down 0.6 %

Shares of NASDAQ ITRI opened at $107.55 on Tuesday. The business's 50 day moving average price is $104.37 and its 200-day moving average price is $107.50. Itron, Inc. has a fifty-two week low of $90.11 and a fifty-two week high of $124.90. 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 company has a market cap of $4.90 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 0.81 and a beta of 1.31.

Itron (NASDAQ:ITRI - Get Free Report) last released its earnings results on Thursday, May 1st. The scientific and technical instruments company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.22. The business had revenue of $607.15 million during the quarter, compared to the consensus estimate of $608.86 million. Itron had a return on equity of 19.03% and a net margin of 9.37%. The business's revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the company earned $1.24 earnings per share. On average, sell-side analysts expect that Itron, Inc. will post 5.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ITRI shares. Guggenheim reaffirmed a "buy" rating and issued a $133.00 target price on shares of Itron in a report on Thursday, April 17th. Piper Sandler decreased their price objective on Itron from $124.00 to $121.00 and set a "neutral" rating on the stock in a report on Monday. StockNews.com downgraded Itron from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 1st. Canaccord Genuity Group boosted their price target on shares of Itron from $130.00 to $132.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Finally, Oppenheimer lifted their price objective on shares of Itron from $124.00 to $131.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Itron presently has a consensus rating of "Moderate Buy" and a consensus price target of $127.36.

Insider Buying and Selling at Itron

In other Itron news, CAO David Marshall Wright sold 317 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $92.90, for a total value of $29,449.30. Following the completion of the sale, the chief accounting officer now directly owns 8,108 shares in the company, valued at approximately $753,233.20. This represents a 3.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Joan S. Hooper sold 2,322 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $92.90, for a total value of $215,713.80. Following the transaction, the chief financial officer now owns 92,076 shares in the company, valued at approximately $8,553,860.40. This represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,037 shares of company stock valued at $385,815 in the last three months. Company insiders own 1.45% of the company's stock.

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.

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