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.

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

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.

5 Day Chart for NASDAQ:ITRI

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