Trium Capital LLP Purchases Shares of 3,506 Itron, Inc. (NASDAQ:ITRI)

Trium Capital LLP acquired a new position in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,506 shares of the scientific and technical instruments company's stock, valued at approximately $367,000.

A number of other institutional investors have also made changes to their positions in ITRI. California First Leasing Corp increased its position in shares of Itron by 220.8% in the 1st quarter. California First Leasing Corp now owns 26,950 shares of the scientific and technical instruments company's stock valued at $2,823,000 after buying an additional 18,550 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Itron by 119.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 77,060 shares of the scientific and technical instruments company's stock valued at $8,073,000 after purchasing an additional 41,984 shares during the period. Braun Stacey Associates Inc. raised its holdings in Itron by 0.4% during the 1st quarter. Braun Stacey Associates Inc. now owns 217,562 shares of the scientific and technical instruments company's stock worth $22,792,000 after buying an additional 793 shares during the period. Wayfinding Financial LLC bought a new position in Itron in the first quarter valued at approximately $45,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of Itron by 2.5% in the first quarter. Principal Financial Group Inc. now owns 270,672 shares of the scientific and technical instruments company's stock valued at $28,356,000 after buying an additional 6,700 shares during the period. 96.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on ITRI shares. Guggenheim reissued a "buy" rating and set a $133.00 price target on shares of Itron in a research report on Thursday, April 17th. TD Cowen lifted their target price on shares of Itron from $139.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, June 20th. Piper Sandler lowered their price target 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. Finally, Wall Street Zen cut Itron from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $128.18.

Itron Price Performance

Shares of ITRI traded up $1.19 during trading hours on Wednesday, reaching $134.75. 517,760 shares of the company's stock traded hands, compared to its average volume of 561,291. The company has a current ratio of 1.93, a quick ratio of 1.65 and a debt-to-equity ratio of 0.52. The firm's 50 day simple moving average is $120.13 and its 200-day simple moving average is $109.87. The stock has a market cap of $6.14 billion, a PE ratio of 24.59, a price-to-earnings-growth ratio of 0.85 and a beta of 1.35. Itron, Inc. has a 12 month low of $90.11 and a 12 month high of $136.24.

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, topping analysts' consensus estimates of $1.30 by $0.22. Itron had a net margin of 10.34% and a return on equity of 19.65%. The firm had revenue of $607.15 million for the quarter, compared to analyst estimates of $608.86 million. During the same quarter in the prior year, the firm earned $1.24 EPS. The business's revenue for the quarter was up .6% compared to the same quarter last year. Equities analysts expect that Itron, Inc. will post 5.33 EPS for the current year.

Insider Activity

In other news, 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 transaction of $60,808.55. Following the completion of the transaction, the senior vice president directly owned 20,151 shares of the company's stock, valued at approximately $2,316,357.45. This represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP John F. Marcolini sold 3,783 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $116.73, for a total value of $441,589.59. Following the completion of the sale, the senior vice president directly owned 21,865 shares in the company, valued at approximately $2,552,301.45. This represents a 14.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,905 shares of company stock valued at $2,439,202. 1.45% of the stock is owned by corporate insiders.

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.