Squarepoint Ops LLC Acquires 48,084 Shares of Itron, Inc. (NASDAQ:ITRI)

Squarepoint Ops LLC raised its holdings in Itron, Inc. (NASDAQ:ITRI - Free Report) by 52.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 139,538 shares of the scientific and technical instruments company's stock after purchasing an additional 48,084 shares during the period. Squarepoint Ops LLC owned approximately 0.31% of Itron worth $15,151,000 at the end of the most recent quarter.

A number of other institutional investors 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 valued at $25,000 after purchasing an additional 229 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Itron during the 4th quarter worth approximately $30,000. Hager Investment Management Services LLC bought a new stake in shares of Itron during the 4th quarter worth approximately $67,000. CoreCap Advisors LLC lifted its holdings 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 worth $67,000 after acquiring an additional 125 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in Itron by 347.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 886 shares of the scientific and technical instruments company's stock worth $97,000 after purchasing an additional 688 shares in the last quarter. Institutional investors own 96.19% of the company's stock.

Insider Buying and Selling

In related news, Director Mary C. Hemmingsen sold 750 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $107.27, for a total transaction of $80,452.50. Following the transaction, the director now directly owns 5,630 shares of the company's stock, valued at $603,930.10. This represents a 11.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.45% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ITRI has been the subject of a number of research analyst reports. Piper Sandler lowered their price objective on shares of Itron from $124.00 to $121.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Wall Street Zen upgraded shares of Itron from a "hold" rating to a "buy" rating in a research report on Saturday. Guggenheim reiterated a "buy" rating and set a $133.00 price objective on shares of Itron in a research report on Thursday, April 17th. Canaccord Genuity Group upped their price objective on shares of Itron from $130.00 to $132.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Finally, Oppenheimer upped their price objective on shares of Itron from $124.00 to $131.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Itron currently has an average rating of "Moderate Buy" and a consensus price target of $127.36.

Itron Trading Up 2.3%

Shares of ITRI traded up $2.54 during trading hours on Tuesday, hitting $115.17. 143,332 shares of the stock were exchanged, compared to its average volume of 584,031. Itron, Inc. has a fifty-two week low of $90.11 and a fifty-two week high of $124.90. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83. The business has a 50-day moving average of $106.27 and a 200-day moving average of $107.72. The firm has a market capitalization of $5.25 billion, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 0.81 and a beta of 1.31.

Itron (NASDAQ:ITRI - Get Free Report) last issued its earnings results on Thursday, May 1st. The scientific and technical instruments company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.22. The business had revenue of $607.15 million for the quarter, compared to analyst estimates of $608.86 million. Itron had a net margin of 9.37% and a return on equity of 19.03%. Itron's revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.24 earnings per share. On average, research analysts expect that Itron, Inc. will post 5.33 EPS for the current 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.