Itron Inc. (NASDAQ:ITRI) Director Thomas S. Glanville sold 1,226 shares of the firm’s stock in a transaction on Monday, October 10th. The shares were sold at an average price of $56.50, for a total transaction of $69,269.00. Following the transaction, the director now directly owns 18,453 shares of the company’s stock, valued at $1,042,594.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Itron Inc. (NASDAQ:ITRI) traded up 0.51% during midday trading on Wednesday, hitting $55.52. 216,784 shares of the stock traded hands. The stock has a 50-day moving average of $53.63 and a 200 day moving average of $45.61. Itron Inc. has a 52-week low of $29.02 and a 52-week high of $57.25. The firm has a market cap of $2.12 billion, a PE ratio of 41.49 and a beta of 1.44.

Itron (NASDAQ:ITRI) last posted its earnings results on Thursday, September 1st. The company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.22. Itron had a net margin of 2.62% and a return on equity of 10.94%. The company had revenue of $513.02 million for the quarter. During the same period in the previous year, the company earned ($0.39) EPS. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. Equities analysts forecast that Itron Inc. will post $2.37 EPS for the current year.

Insider Buying and Selling by Quarter for Itron (NASDAQ:ITRI)

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Scopia Capital Management LP boosted its position in Itron by 26.6% in the first quarter. Scopia Capital Management LP now owns 4,475,083 shares of the company’s stock worth $186,700,000 after buying an additional 940,900 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in Itron by 164.6% in the first quarter. UBS Asset Management Americas Inc. now owns 742,060 shares of the company’s stock worth $30,959,000 after buying an additional 461,562 shares during the last quarter. Frontier Capital Management Co. LLC boosted its position in Itron by 35.0% in the second quarter. Frontier Capital Management Co. LLC now owns 1,773,931 shares of the company’s stock worth $76,456,000 after buying an additional 459,922 shares during the last quarter. Vanguard Group Inc. boosted its position in Itron by 9.0% in the second quarter. Vanguard Group Inc. now owns 3,145,447 shares of the company’s stock worth $135,568,000 after buying an additional 260,300 shares during the last quarter. Finally, Robecosam AG bought a new position in Itron during the second quarter worth approximately $9,642,000. 96.92% of the stock is currently owned by institutional investors.

A number of equities analysts have commented on ITRI shares. Zacks Investment Research raised shares of Itron from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Tuesday, June 28th. Canaccord Genuity reissued a “buy” rating and issued a $61.00 price objective (up from $57.00) on shares of Itron in a research note on Monday, October 3rd. Needham & Company LLC lifted their price objective on shares of Itron from $46.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, September 2nd. TheStreet raised shares of Itron from a “hold” rating to a “buy” rating in a research note on Monday, August 29th. Finally, Robert W. Baird set a $56.00 price objective on shares of Itron and gave the stock a “buy” rating in a research note on Sunday, September 4th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $54.71.

About Itron

Itron, Inc (Itron) is a technology and service company. The Company provides solutions that measure, manage, and analyze energy and water use. The Company operates through three segments: Electricity, Gas and Water. The Company is the supplier of electricity metering solutions, including standard meters and advanced and smart metering systems.

5 Day Chart for NASDAQ:ITRI

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