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

Robeco Schweiz AG increased its holdings in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 1.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 296,545 shares of the scientific and technical instruments company's stock after purchasing an additional 4,545 shares during the quarter. Robeco Schweiz AG owned 0.65% of Itron worth $31,066,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GeoWealth Management LLC increased its position in shares of Itron by 4,580.0% during the 4th quarter. GeoWealth Management LLC now owns 234 shares of the scientific and technical instruments company's stock worth $25,000 after purchasing an additional 229 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Itron during the 4th quarter worth about $30,000. Wayfinding Financial LLC acquired a new stake in shares of Itron during the 1st quarter worth about $45,000. CoreCap Advisors LLC boosted its holdings in Itron by 25.5% during the 4th 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, Contravisory Investment Management Inc. boosted its holdings in Itron by 98.0% during the 1st quarter. Contravisory Investment Management Inc. now owns 1,711 shares of the scientific and technical instruments company's stock valued at $179,000 after acquiring an additional 847 shares during the period. 96.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wall Street Zen cut Itron from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. Piper Sandler decreased their price objective on Itron from $124.00 to $121.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. TD Cowen lifted their price objective on Itron from $139.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, June 20th. Finally, Guggenheim reiterated a "buy" rating and issued a $133.00 price objective on shares of Itron in a research note on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $128.18.

Itron Stock Down 0.7%

ITRI stock traded down $0.99 during trading on Friday, hitting $134.54. 396,647 shares of the company's stock were exchanged, compared to its average volume of 553,855. The business has a 50-day moving average price of $121.68 and a two-hundred day moving average price of $110.40. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of 24.55, a PEG ratio of 0.85 and a beta of 1.35. Itron, Inc. has a 52-week low of $90.11 and a 52-week high of $136.24. 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 posted 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 firm had revenue of $607.15 million during the quarter, compared to analysts' expectations of $608.86 million. Itron had a return on equity of 19.65% and a net margin of 10.34%. The firm's revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.24 earnings per share. As a group, equities research analysts expect that Itron, Inc. will post 5.33 EPS for the current year.

Insider Activity at Itron

In other news, CFO Joan S. Hooper sold 938 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $114.95, for a total value of $107,823.10. Following the transaction, the chief financial officer owned 89,364 shares of the company's stock, valued at approximately $10,272,391.80. The trade was a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Justin K. Patrick sold 9,036 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $121.77, for a total value of $1,100,313.72. Following the completion of the transaction, the senior vice president directly owned 21,149 shares in the company, valued at approximately $2,575,313.73. The trade was a 29.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,905 shares of company stock valued at $2,439,202 over the last 90 days. 1.45% of the stock is owned by insiders.

About Itron

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.