David Marshall Wright Sells 102 Shares of Itron, Inc. (NASDAQ:ITRI) Stock

Itron, Inc. (NASDAQ:ITRI - Get Free Report) CAO David Marshall Wright sold 102 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $114.95, for a total transaction of $11,724.90. Following the completion of the sale, the chief accounting officer now directly owns 7,791 shares in the company, valued at approximately $895,575.45. This trade represents a 1.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Itron Price Performance

Shares of Itron stock traded up $2.44 during trading on Friday, reaching $116.15. The company's stock had a trading volume of 649,684 shares, compared to its average volume of 577,070. The stock has a 50-day moving average price of $106.85 and a two-hundred day moving average price of $107.70. The company has a current ratio of 3.36, a quick ratio of 2.83 and a debt-to-equity ratio of 0.91. Itron, Inc. has a one year low of $90.11 and a one year high of $124.90. The stock has a market capitalization of $5.30 billion, a P/E ratio of 23.80, a price-to-earnings-growth ratio of 0.81 and a beta of 1.31.

Itron (NASDAQ:ITRI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The scientific and technical instruments company reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $1.30 by $0.22. Itron had a return on equity of 19.03% and a net margin of 9.37%. The company had revenue of $607.15 million during the quarter, compared to analysts' expectations of $608.86 million. During the same period in the prior year, the business posted $1.24 EPS. Itron's revenue was up .6% on a year-over-year basis. As a group, sell-side analysts anticipate that Itron, Inc. will post 5.33 EPS for the current fiscal year.

Analyst Ratings Changes

ITRI has been the subject of several recent analyst reports. Oppenheimer raised their target price on shares of Itron from $124.00 to $131.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. Wall Street Zen upgraded shares of Itron from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Guggenheim reiterated a "buy" rating and issued a $133.00 target price on shares of Itron in a report on Thursday, April 17th. Piper Sandler cut their price objective on shares of Itron from $124.00 to $121.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Finally, Canaccord Genuity Group lifted their price target on shares of Itron from $130.00 to $132.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $127.36.

Institutional Investors Weigh In On Itron

Several hedge funds have recently added to or reduced their stakes in ITRI. GeoWealth Management LLC lifted its stake in Itron by 4,580.0% in the fourth quarter. GeoWealth Management LLC now owns 234 shares of the scientific and technical instruments company's stock valued at $25,000 after buying an additional 229 shares during the period. Proficio Capital Partners LLC purchased a new stake in Itron during the 4th quarter worth about $30,000. Wayfinding Financial LLC purchased a new stake in shares of Itron in the 1st quarter valued at about $45,000. Hager Investment Management Services LLC purchased a new stake in shares of Itron in the 4th quarter valued at about $67,000. Finally, CoreCap Advisors LLC increased its position 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 valued at $67,000 after purchasing an additional 125 shares during the last quarter. Institutional investors and hedge funds own 96.19% of the company's stock.

About Itron

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.