Los Angeles Capital Management LLC Has $5.39 Million Stake in Itron, Inc. (NASDAQ:ITRI)

Los Angeles Capital Management LLC boosted its stake in Itron, Inc. (NASDAQ:ITRI - Free Report) by 15.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,449 shares of the scientific and technical instruments company's stock after acquiring an additional 7,058 shares during the quarter. Los Angeles Capital Management LLC owned about 0.11% of Itron worth $5,390,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ITRI. GeoWealth Management LLC boosted 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 acquiring an additional 229 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Itron during the 4th quarter valued at approximately $30,000. Wayfinding Financial LLC purchased a new position in shares of Itron during the 1st quarter valued at approximately $45,000. CoreCap Advisors LLC boosted its stake in shares of 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 buying an additional 125 shares during the last quarter. Finally, Contravisory Investment Management Inc. boosted its stake in shares of 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 buying an additional 847 shares during the last quarter. Hedge funds and other institutional investors own 96.19% of the company's stock.

Insider Buying and Selling

In other news, SVP Justin K. Patrick sold 9,036 shares of the 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 transaction, the senior vice president owned 21,149 shares in the company, valued at approximately $2,575,313.73. This trade represents a 29.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Donald L. Reeves III sold 529 shares of the 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 $60,808.55. Following the transaction, the senior vice president owned 20,151 shares in the company, valued at approximately $2,316,357.45. This trade represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,905 shares of company stock valued at $2,439,202. Insiders own 1.45% of the company's stock.

Itron Trading Down 0.8%

NASDAQ ITRI traded down $1.08 on Thursday, reaching $134.46. The company had a trading volume of 160,570 shares, compared to its average volume of 570,905. The company has a quick ratio of 1.65, a current ratio of 1.93 and a debt-to-equity ratio of 0.52. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of 24.55, a PEG ratio of 0.85 and a beta of 1.35. The stock's 50 day moving average is $125.86 and its 200-day moving average is $111.86. Itron, Inc. has a 52 week low of $90.11 and a 52 week high of $137.99.

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. TD Cowen increased their target price on Itron from $139.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, June 20th. Guggenheim reiterated a "buy" rating and issued a $155.00 target price (up from $133.00) on shares of Itron in a research note on Monday, July 14th. Roth Capital raised their price target on Itron from $130.00 to $150.00 and gave the company a "buy" rating in a report on Tuesday. Piper Sandler lowered their target price on Itron from $124.00 to $121.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Finally, Wall Street Zen lowered Itron from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Itron presently has a consensus rating of "Moderate Buy" and a consensus target price of $133.17.

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.