California First Leasing Corp Acquires 18,550 Shares of Itron, Inc. (NASDAQ:ITRI)

California First Leasing Corp boosted its holdings in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 220.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,950 shares of the scientific and technical instruments company's stock after purchasing an additional 18,550 shares during the quarter. Itron comprises approximately 1.2% of California First Leasing Corp's holdings, making the stock its 28th largest position. California First Leasing Corp owned about 0.06% of Itron worth $2,823,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new stake in shares of Itron in the fourth quarter valued at approximately $30,000. Smartleaf Asset Management LLC boosted its holdings in Itron by 347.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 886 shares of the scientific and technical instruments company's stock valued at $97,000 after purchasing an additional 688 shares during the period. Steward Partners Investment Advisory LLC grew its position in Itron by 43.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,820 shares of the scientific and technical instruments company's stock worth $198,000 after purchasing an additional 548 shares during the last quarter. Atria Investments Inc grew its position in Itron by 7.5% in the 4th quarter. Atria Investments Inc now owns 9,311 shares of the scientific and technical instruments company's stock worth $1,011,000 after purchasing an additional 651 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of Itron by 7.4% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,081 shares of the scientific and technical instruments company's stock worth $369,000 after purchasing an additional 213 shares during the period. Institutional investors and hedge funds own 96.19% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Itron

In other Itron news, SVP John F. Marcolini sold 3,783 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $116.73, for a total transaction of $441,589.59. Following the completion of the sale, the senior vice president owned 21,865 shares in the company, valued at approximately $2,552,301.45. The trade was a 14.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Donald L. Reeves III sold 529 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $114.95, for a total value of $60,808.55. Following the completion of the sale, the senior vice president owned 20,151 shares of the company's stock, valued at $2,316,357.45. This represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,905 shares of company stock valued at $2,439,202 over the last 90 days. Company insiders own 1.51% of the company's stock.

Itron Price Performance

Shares of NASDAQ ITRI traded down $1.24 during midday trading on Monday, reaching $134.45. 351,210 shares of the company traded hands, compared to its average volume of 560,918. The firm has a market cap of $6.13 billion, a PE ratio of 24.53, a PEG ratio of 0.86 and a beta of 1.35. Itron, Inc. has a 12 month low of $90.11 and a 12 month high of $136.35. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.65 and a current ratio of 1.93. The stock's 50-day simple moving average is $119.17 and its 200-day simple moving average is $109.53.

Itron (NASDAQ:ITRI - Get Free Report) last released 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. The business had revenue of $607.15 million for the quarter, compared to analysts' expectations of $608.86 million. Itron had a net margin of 10.34% and a return on equity of 19.65%. Itron's revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.24 earnings per share. As a group, equities analysts anticipate that Itron, Inc. will post 5.33 earnings per share for the current fiscal year.

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.