Itron Inc. (NASDAQ:ITRI) Director Thomas S. Glanville sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $58.65, for a total transaction of $117,300.00. Following the completion of the transaction, the director now directly owns 16,227 shares in the company, valued at approximately $951,713.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Itron Inc. (NASDAQ:ITRI) opened at 60.35 on Monday. The stock’s 50 day moving average is $55.78 and its 200-day moving average is $47.90. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 80.36 and a beta of 1.26. Itron Inc. has a 12-month low of $29.02 and a 12-month high of $61.65.

Itron (NASDAQ:ITRI) last released its earnings results on Wednesday, November 2nd. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.16. Itron had a net margin of 1.45% and a return on equity of 12.89%. The company had revenue of $506.86 million for the quarter, compared to analysts’ expectations of $481.51 million. During the same quarter in the previous year, the company earned $0.44 EPS. Itron’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, analysts expect that Itron Inc. will post $2.43 earnings per share for the current year.

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

A number of research analysts recently commented on ITRI shares. Robert W. Baird reissued an “outperform” rating and issued a $62.00 target price on shares of Itron in a research note on Friday, November 4th. TheStreet cut Itron from a “buy” rating to a “hold” rating in a research note on Wednesday, November 2nd. Oppenheimer Holdings Inc. raised Itron from a “market perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a research note on Thursday, November 3rd. Canaccord Genuity reissued a “buy” rating and issued a $57.00 target price (up previously from $50.00) on shares of Itron in a research note on Friday, September 2nd. Finally, Cowen and Company reissued a “market perform” rating and issued a $50.00 target price (up previously from $45.00) on shares of Itron in a research note on Sunday, September 4th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $56.13.

A number of hedge funds have recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan boosted its stake in shares of Itron by 1.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 8,430 shares of the company’s stock valued at $470,000 after buying an additional 160 shares during the last quarter. PineBridge Investments L.P. boosted its stake in shares of Itron by 3.8% in the second quarter. PineBridge Investments L.P. now owns 4,806 shares of the company’s stock valued at $207,000 after buying an additional 175 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Itron by 1.0% in the second quarter. Arizona State Retirement System now owns 19,634 shares of the company’s stock valued at $846,000 after buying an additional 200 shares during the last quarter. Capstone Asset Management Co. boosted its stake in shares of Itron by 2.2% in the second quarter. Capstone Asset Management Co. now owns 11,586 shares of the company’s stock valued at $499,000 after buying an additional 250 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in shares of Itron by 8.1% in the second quarter. Teacher Retirement System of Texas now owns 5,048 shares of the company’s stock valued at $218,000 after buying an additional 377 shares during the last quarter. Institutional investors and hedge funds own 95.70% of the company’s stock.

Itron Company Profile

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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