68,907 Shares in Itron, Inc. (NASDAQ:ITRI) Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC bought a new position in Itron, Inc. (NASDAQ:ITRI - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 68,907 shares of the scientific and technical instruments company's stock, valued at approximately $7,219,000. Segall Bryant & Hamill LLC owned 0.15% of Itron at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. GeoWealth Management LLC grew its position in 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 valued at $25,000 after purchasing an additional 229 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Itron during the 4th quarter valued at about $30,000. Wayfinding Financial LLC purchased a new stake in Itron during the 1st quarter valued at about $45,000. CoreCap Advisors LLC grew its position 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 purchasing an additional 125 shares during the last quarter. Finally, Contravisory Investment Management Inc. grew its position 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 purchasing an additional 847 shares during the last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Itron news, SVP John F. Marcolini sold 3,783 shares of Itron stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $116.73, for a total transaction of $441,589.59. Following the sale, the senior vice president owned 21,865 shares of the company's stock, valued at $2,552,301.45. The trade was a 14.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Justin K. Patrick sold 9,036 shares of Itron stock in a transaction 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 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 20,905 shares of company stock valued at $2,439,202. Company insiders own 1.51% of the company's stock.

Itron Stock Up 0.2%

Shares of Itron stock traded up $0.24 on Monday, reaching $136.63. 518,140 shares of the company were exchanged, compared to its average volume of 548,280. Itron, Inc. has a 1-year low of $90.11 and a 1-year high of $137.97. The company has a market cap of $6.23 billion, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 0.86 and a beta of 1.35. 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 stock's 50 day moving average price is $124.54 and its 200-day moving average price is $111.35.

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, topping 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 analysts' expectations of $608.86 million. During the same quarter in the prior year, the business earned $1.24 earnings per share. The company's quarterly revenue was up .6% compared to the same quarter last year. As a group, equities analysts forecast that Itron, Inc. will post 5.33 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ITRI. Piper Sandler dropped their price objective on shares of Itron from $124.00 to $121.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Wall Street Zen cut shares of Itron from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. TD Cowen raised their target price on shares of Itron from $139.00 to $145.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. Finally, Guggenheim reiterated a "buy" rating and set a $155.00 price objective (up previously from $133.00) on shares of Itron in a research report on Monday, July 14th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $132.00.

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.