3,506 Shares in Itron, Inc. (NASDAQ:ITRI) Bought by Trium Capital LLP

Trium Capital LLP acquired a new stake in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,506 shares of the scientific and technical instruments company's stock, valued at approximately $367,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its stake in Itron by 0.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 16,795 shares of the scientific and technical instruments company's stock valued at $1,759,000 after buying an additional 121 shares in the last quarter. CoreCap Advisors LLC raised its position in shares of Itron by 25.5% in the 4th quarter. CoreCap Advisors LLC now owns 616 shares of the scientific and technical instruments company's stock worth $67,000 after buying an additional 125 shares during the period. Captrust Financial Advisors raised its position in shares of Itron by 6.3% in the 4th quarter. Captrust Financial Advisors now owns 2,144 shares of the scientific and technical instruments company's stock worth $233,000 after buying an additional 128 shares during the period. Summit Investment Advisors Inc. raised its position in shares of Itron by 3.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,726 shares of the scientific and technical instruments company's stock worth $513,000 after buying an additional 140 shares during the period. Finally, Merit Financial Group LLC raised its position in shares of Itron by 6.7% in the 1st quarter. Merit Financial Group LLC now owns 2,962 shares of the scientific and technical instruments company's stock worth $310,000 after buying an additional 187 shares during the period. 96.19% of the stock is owned by hedge funds and other institutional investors.

Itron Stock Performance

Shares of ITRI traded down $0.99 during mid-day trading on Friday, reaching $134.54. 396,647 shares of the company's stock traded hands, compared to its average volume of 558,549. Itron, Inc. has a 12 month low of $90.11 and a 12 month high of $136.24. The stock has a market capitalization of $6.13 billion, a P/E ratio of 24.55, a price-to-earnings-growth ratio of 0.85 and a beta of 1.35. The business's 50-day moving average price is $121.15 and its 200-day moving average price is $110.23. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.65 and a current ratio of 1.93.

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

Insider Buying and Selling

In other Itron news, SVP Justin K. Patrick sold 9,036 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was 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 of the company's stock, valued at approximately $2,575,313.73. This represents a 29.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP John F. Marcolini sold 3,783 shares of Itron stock in a transaction that occurred 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 transaction, the senior vice president owned 21,865 shares in the company, valued at approximately $2,552,301.45. The trade was a 14.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,905 shares of company stock valued at $2,439,202 in the last three months. Insiders own 1.45% of the company's stock.

Analyst Ratings Changes

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

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.