D. E. Shaw & Co. Inc. Sells 33,062 Shares of Itron, Inc. (NASDAQ:ITRI)

D. E. Shaw & Co. Inc. decreased its position in Itron, Inc. (NASDAQ:ITRI - Free Report) by 48.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,662 shares of the scientific and technical instruments company's stock after selling 33,062 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.08% of Itron worth $3,872,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. GeoWealth Management LLC lifted its holdings in Itron by 4,580.0% in the fourth quarter. GeoWealth Management LLC now owns 234 shares of the scientific and technical instruments company's stock valued at $25,000 after acquiring an additional 229 shares during the period. Proficio Capital Partners LLC bought a new position in Itron in the fourth quarter valued at about $30,000. Hager Investment Management Services LLC bought a new position in Itron in the fourth quarter valued at about $67,000. CoreCap Advisors LLC lifted its holdings in Itron by 25.5% in the fourth quarter. CoreCap Advisors LLC now owns 616 shares of the scientific and technical instruments company's stock valued at $67,000 after acquiring an additional 125 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in shares of Itron by 347.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 886 shares of the scientific and technical instruments company's stock worth $97,000 after buying an additional 688 shares during the period. Institutional investors own 96.19% of the company's stock.

Itron Price Performance

Shares of NASDAQ:ITRI traded up $0.36 during trading on Friday, hitting $112.63. 363,493 shares of the company's stock were exchanged, compared to its average volume of 574,874. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83. Itron, Inc. has a 52-week low of $90.11 and a 52-week high of $124.90. The business's 50-day simple moving average is $106.18 and its 200 day simple moving average is $107.90. The company has a market cap of $5.13 billion, a price-to-earnings ratio of 23.08, 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 (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.22. Itron had a return on equity of 19.03% and a net margin of 9.37%. The firm had revenue of $607.15 million during the quarter, compared to analysts' expectations of $608.86 million. During the same quarter last year, the business posted $1.24 earnings per share. The firm's revenue was up .6% on a year-over-year basis. As a group, equities analysts predict that Itron, Inc. will post 5.33 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Guggenheim reaffirmed a "buy" rating and issued a $133.00 price objective on shares of Itron in a research note on Thursday, April 17th. Oppenheimer raised their price objective on Itron from $124.00 to $131.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. Canaccord Genuity Group raised their price objective on Itron from $130.00 to $132.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Piper Sandler decreased their price objective on Itron from $124.00 to $121.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Finally, Wall Street Zen raised Itron from a "hold" rating to a "buy" rating in a research note on Saturday. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $127.36.

Insider Buying and Selling at Itron

In other news, Director Mary C. Hemmingsen sold 5,150 shares of Itron stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $108.70, for a total value of $559,805.00. Following the completion of the transaction, the director now owns 952 shares in the company, valued at approximately $103,482.40. The trade was a 84.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO David Marshall Wright sold 317 shares of Itron stock in a transaction that occurred 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 transaction, the chief accounting officer now 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 disclosure for this sale can be found here. Insiders sold 9,187 shares of company stock worth $945,620 in the last quarter. 1.45% of the stock is owned by corporate insiders.

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.