Itron, Inc. (NASDAQ:ITRI) SVP Justin K. Patrick Sells 9,036 Shares

Itron, Inc. (NASDAQ:ITRI - Get Free Report) SVP Justin K. Patrick sold 9,036 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $121.77, for a total value of $1,100,313.72. Following the completion of the sale, the senior vice president now directly owns 21,149 shares in the company, valued at approximately $2,575,313.73. The trade was a 29.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Itron Trading Down 0.8%

NASDAQ:ITRI traded down $0.93 on Friday, reaching $121.96. The company's stock had a trading volume of 558,059 shares, compared to its average volume of 586,024. Itron, Inc. has a 12-month low of $90.11 and a 12-month high of $124.90. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91. The firm has a market cap of $5.56 billion, a price-to-earnings ratio of 24.99, a price-to-earnings-growth ratio of 0.81 and a beta of 1.33. The stock has a 50 day moving average price of $110.68 and a 200 day moving average price of $107.90.

Itron (NASDAQ:ITRI - Get Free Report) last posted its 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 for the quarter, compared to the consensus estimate of $608.86 million. During the same quarter in the previous year, the business earned $1.24 earnings per share. The company's revenue for the quarter was up .6% on a year-over-year basis. On average, equities analysts anticipate that Itron, Inc. will post 5.33 EPS for the current fiscal year.

Institutional Investors Weigh In On Itron

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System grew its stake in shares of Itron by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 21,800 shares of the scientific and technical instruments company's stock valued at $2,367,000 after buying an additional 100 shares in the last quarter. Legato Capital Management LLC grew its stake in shares of Itron by 11.9% in the fourth quarter. Legato Capital Management LLC now owns 18,057 shares of the scientific and technical instruments company's stock valued at $1,961,000 after buying an additional 1,923 shares in the last quarter. Vontobel Holding Ltd. grew its stake in shares of Itron by 8.1% in the fourth quarter. Vontobel Holding Ltd. now owns 464,787 shares of the scientific and technical instruments company's stock valued at $50,467,000 after buying an additional 34,842 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of Itron by 6.1% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,185 shares of the scientific and technical instruments company's stock valued at $237,000 after buying an additional 125 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Itron by 6.4% in the fourth quarter. Principal Financial Group Inc. now owns 263,972 shares of the scientific and technical instruments company's stock valued at $28,662,000 after buying an additional 15,895 shares in the last quarter. Hedge funds and other institutional investors own 96.19% of the company's stock.

Analyst Upgrades and Downgrades

ITRI has been the topic of a number of research analyst reports. Wall Street Zen lowered Itron from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. Canaccord Genuity Group lifted their price target on Itron from $130.00 to $132.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Guggenheim reaffirmed a "buy" rating and issued a $133.00 price target on shares of Itron in a research note on Thursday, April 17th. Piper Sandler lowered their price target on Itron from $124.00 to $121.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Finally, Oppenheimer lifted their price objective on Itron from $124.00 to $131.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Itron has a consensus rating of "Moderate Buy" and a consensus target price of $127.36.

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.