4,199 Shares in Itron, Inc. (NASDAQ:ITRI) Bought by Blueshift Asset Management LLC

Blueshift Asset Management LLC bought a new stake in Itron, Inc. (NASDAQ:ITRI) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 4,199 shares of the scientific and technical instruments company’s stock, valued at approximately $448,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Silvercrest Asset Management Group LLC acquired a new stake in shares of Itron in the 1st quarter worth $401,000. Handelsbanken Fonder AB raised its stake in Itron by 62.7% in the third quarter. Handelsbanken Fonder AB now owns 899,789 shares of the scientific and technical instruments company’s stock valued at $96,106,000 after buying an additional 346,615 shares during the last quarter. Select Equity Group L.P. boosted its holdings in Itron by 86.2% in the second quarter. Select Equity Group L.P. now owns 603,877 shares of the scientific and technical instruments company’s stock worth $59,760,000 after acquiring an additional 279,629 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Itron by 90.7% during the third quarter. Assenagon Asset Management S.A. now owns 511,734 shares of the scientific and technical instruments company’s stock worth $54,658,000 after acquiring an additional 243,355 shares during the last quarter. Finally, Hood River Capital Management LLC acquired a new position in shares of Itron during the second quarter valued at about $22,612,000. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Robert W. Baird lifted their target price on shares of Itron from $123.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. TD Cowen lifted their price objective on shares of Itron from $125.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. BNP Paribas initiated coverage on Itron in a research report on Thursday, September 5th. They issued an “outperform” rating and a $133.00 target price on the stock. Oppenheimer lifted their price target on Itron from $120.00 to $124.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Janney Montgomery Scott initiated coverage on Itron in a report on Friday, September 27th. They issued a “buy” rating and a $131.00 price objective on the stock. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.92.

Itron Price Performance

NASDAQ:ITRI opened at $119.29 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83. The company has a 50 day moving average price of $110.44 and a 200-day moving average price of $105.21. Itron, Inc. has a 1-year low of $65.63 and a 1-year high of $124.90. The firm has a market cap of $5.38 billion, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 0.89 and a beta of 1.46.

Itron (NASDAQ:ITRI) last released its quarterly earnings data on Thursday, October 31st. The scientific and technical instruments company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.71. Itron had a net margin of 9.37% and a return on equity of 19.03%. The company had revenue of $615.46 million during the quarter, compared to analysts’ expectations of $596.41 million. During the same quarter in the previous year, the company earned $0.98 earnings per share. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities research analysts forecast that Itron, Inc. will post 5.33 EPS for the current year.

Insiders Place Their Bets

In other Itron news, CEO Thomas Deitrich sold 37,500 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $104.83, for a total transaction of $3,931,125.00. Following the completion of the transaction, the chief executive officer now directly owns 205,276 shares in the company, valued at approximately $21,519,083.08. This represents a 15.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.45% of the stock is currently owned by company insiders.

Itron Profile

Itron, Inc, a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing, such as standard gas, electricity, water, and communicating meters, as well as heat and allocation products.