Itron, Inc. (NASDAQ:ITRI) Director Sells $80,452.50 in Stock

Itron, Inc. (NASDAQ:ITRI) Director Mary C. Hemmingsen sold 750 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $107.27, for a total value of $80,452.50. Following the transaction, the director now owns 5,630 shares of the company’s stock, valued at approximately $603,930.10. The trade was a 11.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Itron Stock Performance

Shares of ITRI traded up $1.60 during mid-day trading on Friday, reaching $108.49. The company’s stock had a trading volume of 473,455 shares, compared to its average volume of 623,657. The company has a current ratio of 3.36, a quick ratio of 2.83 and a debt-to-equity ratio of 0.91. Itron, Inc. has a 1-year low of $86.13 and a 1-year high of $124.90. The business has a 50-day simple moving average of $104.96 and a two-hundred day simple moving average of $106.85. The stock has a market cap of $4.89 billion, a P/E ratio of 22.20, a PEG ratio of 0.81 and a beta of 1.46.

Institutional Investors Weigh In On Itron

Several hedge funds have recently added to or reduced their stakes in ITRI. Louisiana State Employees Retirement System raised its position in shares of Itron by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 21,800 shares of the scientific and technical instruments company’s stock valued at $2,367,000 after purchasing an additional 100 shares during the period. Quarry LP grew its stake in Itron by 29.0% in the 3rd quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company’s stock valued at $48,000 after buying an additional 102 shares during the last quarter. Continuum Advisory LLC raised its holdings in Itron by 42.1% in the 3rd quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company’s stock valued at $40,000 after acquiring an additional 102 shares during the period. Stifel Financial Corp lifted its position in Itron by 2.2% during the third quarter. Stifel Financial Corp now owns 4,921 shares of the scientific and technical instruments company’s stock worth $526,000 after acquiring an additional 108 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in shares of Itron by 26.1% during the third quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company’s stock worth $57,000 after acquiring an additional 111 shares during the period. Institutional investors and hedge funds own 96.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Canaccord Genuity Group upped their price target on Itron from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Wednesday. Piper Sandler raised their target price on shares of Itron from $119.00 to $124.00 and gave the company a “neutral” rating in a research report on Thursday. Robert W. Baird lifted their price target on shares of Itron from $123.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. TD Cowen increased 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. Finally, Oppenheimer lifted their target price on Itron from $124.00 to $131.00 and gave the company an “outperform” rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $127.64.

Itron Company 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.