Itron Inc. (ITRI) Director Sells $90,098.40 in Stock
Itron Inc. (NASDAQ:ITRI) Director Thomas S. Glanville sold 1,384 shares of the firm’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $65.10, for a total value of $90,098.40. Following the sale, the director now directly owns 14,611 shares in the company, valued at approximately $951,176.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of Itron Inc. (NASDAQ:ITRI) traded up 0.15% on Friday, hitting $64.85. The stock had a trading volume of 200,689 shares. The firm’s 50-day moving average price is $56.71 and its 200 day moving average price is $48.52. The firm has a market cap of $2.48 billion, a PE ratio of 48.47 and a beta of 1.26. Itron Inc. has a 52-week low of $29.02 and a 52-week high of $65.40.
Itron (NASDAQ:ITRI) last released its earnings results on Wednesday, November 2nd. The company reported $0.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.16. Itron had a return on equity of 12.89% and a net margin of 1.45%. The firm earned $506.86 million during the quarter, compared to analysts’ expectations of $481.51 million. During the same period in the previous year, the firm posted $0.44 EPS. Itron’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, equities research analysts predict that Itron Inc. will post $2.44 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MSI Financial Services Inc boosted its position in Itron by 21,622.2% in the third quarter. MSI Financial Services Inc now owns 1,955 shares of the company’s stock valued at $109,000 after buying an additional 1,946 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Itron by 2,352.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,090 shares of the company’s stock valued at $133,000 after buying an additional 2,964 shares during the last quarter. Acrospire Investment Management LLC bought a new position in Itron during the third quarter valued at approximately $134,000. CWH Capital Management Inc. bought a new position in Itron during the second quarter valued at approximately $202,000. Finally, PineBridge Investments L.P. boosted its position in 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. 95.70% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently weighed in on ITRI. Robert W. Baird set a $56.00 price objective on Itron and gave the company a “buy” rating in a research report on Sunday, September 4th. Needham & Company LLC raised their price objective 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 reiterated a “market perform” rating and issued a $50.00 price target (up from $45.00) on shares of Itron in a research note on Sunday, September 4th. Canaccord Genuity reiterated a “buy” rating and issued a $57.00 price target (up from $50.00) on shares of Itron in a research note 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 for the company in a research note on Friday, September 9th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Itron presently has a consensus 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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