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

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 Form 13F filing with the Securities and Exchange Commission (SEC). 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 bought and sold shares of the company. GeoWealth Management LLC grew its holdings in Itron by 4,580.0% during the fourth 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. Wayfinding Financial LLC bought a new position in Itron during the first quarter worth about $45,000. CoreCap Advisors LLC boosted its position in Itron by 25.5% during the fourth quarter. CoreCap Advisors LLC now owns 616 shares of the scientific and technical instruments company's stock worth $67,000 after purchasing an additional 125 shares during the period. Contravisory Investment Management Inc. boosted its position in Itron by 98.0% during the first quarter. Contravisory Investment Management Inc. now owns 1,711 shares of the scientific and technical instruments company's stock worth $179,000 after purchasing an additional 847 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its position in Itron by 43.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,820 shares of the scientific and technical instruments company's stock worth $198,000 after purchasing an additional 548 shares during the period. 96.19% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Joan S. Hooper sold 938 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $114.95, for a total transaction of $107,823.10. Following the completion of the sale, the chief financial officer directly owned 89,364 shares in the company, valued at $10,272,391.80. This represents a 1.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP John F. Marcolini sold 3,783 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were 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. This represents a 14.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,905 shares of company stock valued at $2,439,202. 1.45% of the stock is owned by insiders.

Itron Price Performance

NASDAQ:ITRI traded up $0.78 during trading hours on Thursday, hitting $135.53. 360,592 shares of the company's stock traded hands, compared to its average volume of 559,164. The firm has a market cap of $6.18 billion, a P/E ratio of 24.73, a P/E/G ratio of 0.85 and a beta of 1.35. Itron, Inc. has a 52 week low of $90.11 and a 52 week high of $136.24. The business's fifty day simple moving average is $121.15 and its two-hundred day simple moving average is $110.23. The company has a quick ratio of 1.65, a current ratio of 1.93 and a debt-to-equity ratio of 0.52.

Itron (NASDAQ:ITRI - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The scientific and technical instruments company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.22. The company had revenue of $607.15 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the company earned $1.24 earnings per share. On average, research analysts anticipate that Itron, Inc. will post 5.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on ITRI. TD Cowen increased their target price on shares of Itron from $139.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Guggenheim reiterated a "buy" rating and set a $133.00 target price on shares of Itron in a research report on Thursday, April 17th. Wall Street Zen lowered Itron from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. Finally, Piper Sandler cut 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. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Itron presently has an average rating of "Moderate Buy" and a consensus target price of $128.18.

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.