Itron, Inc. (NASDAQ:ITRI) SVP John F. Marcolini Sells 3,783 Shares

Itron, Inc. (NASDAQ:ITRI - Get Free Report) 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 value of $441,589.59. Following the transaction, the senior vice president now directly owns 21,865 shares in the company, valued at $2,552,301.45. This represents a 14.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Itron Price Performance

Itron stock traded up $1.05 during midday trading on Friday, hitting $120.56. 413,253 shares of the company's stock were exchanged, compared to its average volume of 582,166. The company has a market cap of $5.50 billion, a P/E ratio of 24.70, a PEG ratio of 0.81 and a beta of 1.33. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.83 and a current ratio of 3.36. The stock has a 50-day moving average price of $108.22 and a two-hundred day moving average price of $107.69. Itron, Inc. has a 52-week low of $90.11 and a 52-week high of $124.90.

Itron (NASDAQ:ITRI - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The scientific and technical instruments company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.30 by $0.22. The firm had revenue of $607.15 million during the quarter, compared to the consensus estimate of $608.86 million. Itron had a return on equity of 19.03% and a net margin of 9.37%. The company's revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the company posted $1.24 EPS. On average, equities research analysts forecast that Itron, Inc. will post 5.33 earnings per share for the current year.

Institutional Investors Weigh In On Itron

Several hedge funds have recently bought and sold shares of the stock. Hager Investment Management Services LLC bought a new stake in shares of Itron during the 4th quarter worth $67,000. Measured Wealth Private Client Group LLC raised its position in Itron by 9.7% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 3,814 shares of the scientific and technical instruments company's stock valued at $414,000 after purchasing an additional 338 shares in the last quarter. Louisiana State Employees Retirement System raised its position in Itron by 0.5% during 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 purchasing an additional 100 shares in the last quarter. Legato Capital Management LLC lifted its stake in Itron by 11.9% during the fourth quarter. Legato Capital Management LLC now owns 18,057 shares of the scientific and technical instruments company's stock worth $1,961,000 after purchasing an additional 1,923 shares during the last quarter. Finally, Vontobel Holding Ltd. lifted its stake in Itron by 8.1% during the fourth quarter. Vontobel Holding Ltd. now owns 464,787 shares of the scientific and technical instruments company's stock worth $50,467,000 after purchasing an additional 34,842 shares during the last quarter. 96.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ITRI. Oppenheimer upped their price target on shares of Itron from $124.00 to $131.00 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. Wall Street Zen downgraded Itron from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. Piper Sandler reduced their price target on Itron from $124.00 to $121.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Guggenheim reiterated a "buy" rating and set a $133.00 price objective on shares of Itron in a research note on Thursday, April 17th. Finally, Canaccord Genuity Group raised their target price on Itron from $130.00 to $132.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Four equities 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.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $127.36.

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.