Itron Inc. (ITRI) Director Sells $127,520.00 in Stock
Itron Inc. (NASDAQ:ITRI) Director Jon E. Eliassen sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $63.76, for a total value of $127,520.00. Following the sale, the director now owns 11,492 shares in the company, valued at approximately $732,729.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Itron Inc. (NASDAQ:ITRI) traded up 0.825% during mid-day trading on Wednesday, hitting $64.125. The company had a trading volume of 354,316 shares. The stock has a market capitalization of $2.45 billion, a PE ratio of 85.386 and a beta of 1.26. Itron Inc. has a 1-year low of $29.02 and a 1-year high of $64.38. The stock has a 50 day moving average price of $56.22 and a 200-day moving average price of $48.29.
Itron (NASDAQ:ITRI) last posted its earnings results on Wednesday, November 2nd. The company reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.16. Itron had a net margin of 1.45% and a return on equity of 12.89%. The company earned $506.86 million during the quarter, compared to analysts’ expectations of $481.51 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. Itron’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, analysts forecast that Itron Inc. will post $2.44 earnings per share for the current year.
A number of large investors have recently bought and sold shares of ITRI. Fox Run Management L.L.C. purchased a new stake in Itron during the second quarter worth approximately $599,000. Foundry Partners LLC purchased a new stake in Itron during the second quarter worth approximately $7,457,000. Capstone Asset Management Co. boosted its stake in Itron by 2.2% in the second quarter. Capstone Asset Management Co. now owns 11,586 shares of the company’s stock worth $499,000 after buying an additional 250 shares during the last quarter. Alpha Windward LLC purchased a new stake in Itron during the second quarter worth approximately $416,000. Finally, BNP Paribas Arbitrage SA boosted its stake in Itron by 52.7% in the second quarter. BNP Paribas Arbitrage SA now owns 15,714 shares of the company’s stock worth $677,000 after buying an additional 5,422 shares during the last quarter. 95.70% of the stock is owned by institutional investors.
A number of research firms have weighed in on ITRI. Robert W. Baird set a $56.00 price target on Itron and gave the company a “buy” rating in a research report on Sunday, September 4th. Needham & Company LLC raised their price target on Itron from $46.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, September 2nd. Cowen and Company restated a “market perform” rating and set a $50.00 price target (up previously from $45.00) on shares of Itron in a research report on Sunday, September 4th. Canaccord Genuity restated a “buy” rating and set a $57.00 price target (up previously from $50.00) on shares of Itron in a research report on Friday, September 2nd. Finally, Zacks Investment Research upgraded Itron from a “hold” rating to a “strong-buy” rating and set a $62.00 price target on the stock in a research report on Friday, September 9th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Itron presently has an average rating of “Buy” and a consensus target price of $56.88.
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.
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