Itron, Inc. (NASDAQ:ITRI - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $136.35 and last traded at $135.84, with a volume of 38796 shares traded. The stock had previously closed at $135.34.
Analyst Ratings Changes
A number of brokerages have recently issued reports on ITRI. Wall Street Zen cut Itron from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. Guggenheim reissued a "buy" rating and set a $155.00 price target (up from $133.00) on shares of Itron in a research report on Monday. Piper Sandler cut their target price on Itron from $124.00 to $121.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Finally, TD Cowen upped their target price on Itron from $139.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, June 20th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $130.18.
Read Our Latest Research Report on Itron
Itron Price Performance
The stock has a market cap of $6.21 billion, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 0.86 and a beta of 1.35. The stock has a fifty day simple moving average of $122.81 and a 200-day simple moving average of $110.75. The company has a current ratio of 1.93, a quick ratio of 1.65 and a debt-to-equity ratio of 0.52.
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, topping the consensus estimate of $1.30 by $0.22. Itron had a return on equity of 19.65% and a net margin of 10.34%. The business had revenue of $607.15 million during the quarter, compared to the consensus estimate of $608.86 million. During the same quarter last year, the company earned $1.24 EPS. Itron's revenue was up .6% on a year-over-year basis. As a group, equities research analysts expect that Itron, Inc. will post 5.33 EPS for the current year.
Insider Buying and Selling
In other Itron news, SVP Justin K. Patrick sold 9,036 shares of the firm'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 sale, the senior vice president owned 21,149 shares of the company's stock, valued at approximately $2,575,313.73. This trade represents a 29.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP John F. Marcolini sold 3,783 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $116.73, for a total value of $441,589.59. Following the sale, the senior vice president owned 21,865 shares of the company's stock, 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 ninety days. 1.51% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Itron
A number of hedge funds have recently modified their holdings of ITRI. GeoWealth Management LLC grew its position in shares of Itron by 4,580.0% during the 4th 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 in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Itron in the fourth quarter worth $30,000. Wayfinding Financial LLC bought a new position in shares of Itron during the first quarter valued at about $45,000. CoreCap Advisors LLC lifted its holdings in Itron by 25.5% in the fourth 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. Finally, Quarry LP increased its stake in shares of Itron by 155.6% during the first quarter. Quarry LP now owns 910 shares of the scientific and technical instruments company's stock valued at $95,000 after purchasing an additional 554 shares in the last quarter. Institutional investors own 96.19% of the company's stock.
Itron Company Profile
(
Get Free Report)
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.
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