Itron, Inc. (NASDAQ:ITRI) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its stake in Itron, Inc. (NASDAQ:ITRI - Free Report) by 14.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,504 shares of the scientific and technical instruments company's stock after selling 8,700 shares during the period. New York State Teachers Retirement System owned 0.12% of Itron worth $5,500,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in ITRI. GeoWealth Management LLC lifted its holdings in shares of 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 purchasing an additional 229 shares during the last quarter. CoreCap Advisors LLC lifted its stake 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 buying an additional 125 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in 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 valued at $97,000 after buying an additional 688 shares during the last quarter. Contravisory Investment Management Inc. boosted its holdings in shares of Itron by 98.0% during the first 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. Finally, Steward Partners Investment Advisory LLC grew its position in shares of Itron by 43.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,820 shares of the scientific and technical instruments company's stock worth $198,000 after acquiring an additional 548 shares during the last quarter. 96.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Itron Stock Performance

ITRI opened at $135.65 on Friday. The business has a 50 day moving average price of $119.17 and a two-hundred day moving average price of $109.52. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.93 and a quick ratio of 1.65. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 0.86 and a beta of 1.35. Itron, Inc. has a 1-year low of $90.11 and a 1-year high of $136.06.

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

Insider Activity at Itron

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

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.

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