Itron, Inc. (NASDAQ:ITRI) Shares Acquired by Robeco Schweiz AG

Robeco Schweiz AG lifted its holdings in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 1.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 296,545 shares of the scientific and technical instruments company's stock after acquiring an additional 4,545 shares during the quarter. Robeco Schweiz AG owned about 0.65% of Itron worth $31,066,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ITRI. GeoWealth Management LLC lifted its holdings in Itron by 4,580.0% in the 4th quarter. GeoWealth Management LLC now owns 234 shares of the scientific and technical instruments company's stock worth $25,000 after buying an additional 229 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Itron in the 4th quarter worth $30,000. Wayfinding Financial LLC acquired a new position in Itron in the 1st quarter worth $45,000. CoreCap Advisors LLC lifted its holdings in Itron by 25.5% in the 4th quarter. CoreCap Advisors LLC now owns 616 shares of the scientific and technical instruments company's stock worth $67,000 after buying an additional 125 shares in the last quarter. Finally, Contravisory Investment Management Inc. increased its position in shares of Itron by 98.0% in the 1st quarter. Contravisory Investment Management Inc. now owns 1,711 shares of the scientific and technical instruments company's stock worth $179,000 after purchasing an additional 847 shares during the last quarter. Institutional investors and hedge funds own 96.19% of the company's stock.

Itron Price Performance

Shares of NASDAQ:ITRI opened at $135.53 on Friday. The firm's 50 day moving average is $121.15 and its two-hundred day moving average is $110.23. Itron, Inc. has a 52 week low of $90.11 and a 52 week high of $136.24. The firm has a market capitalization of $6.18 billion, a P/E ratio of 24.73, a PEG ratio of 0.85 and a beta of 1.35. The company has a current ratio of 1.93, a quick ratio of 1.65 and a debt-to-equity ratio of 0.52.

Itron (NASDAQ:ITRI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The scientific and technical instruments company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.30 by $0.22. Itron had a net margin of 10.34% and a return on equity of 19.65%. The company had revenue of $607.15 million for the quarter, compared to analyst estimates of $608.86 million. During the same quarter last year, the business earned $1.24 earnings per share. Itron's revenue was up .6% compared to the same quarter last year. Analysts anticipate that Itron, Inc. will post 5.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ITRI. Guggenheim restated a "buy" rating and issued a $133.00 target price on shares of Itron in a research note on Thursday, April 17th. Wall Street Zen lowered shares of Itron from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. TD Cowen upped their target price on shares of Itron from $139.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, June 20th. Finally, Piper Sandler cut their target price on shares of Itron from $124.00 to $121.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $128.18.

Insider Buying and Selling

In other Itron news, CFO Joan S. Hooper sold 938 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $114.95, for a total value of $107,823.10. Following the sale, the chief financial officer owned 89,364 shares in the company, valued at approximately $10,272,391.80. This trade represents a 1.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Christopher E. Ware sold 339 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $114.95, for a total transaction of $38,968.05. Following the completion of the transaction, the senior vice president owned 19,468 shares of the company's stock, valued at $2,237,846.60. This trade represents a 1.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,905 shares of company stock valued at $2,439,202 in the last ninety days. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.