Itron, Inc. (NASDAQ:ITRI) CFO Joan S. Hooper Sells 509 Shares of Stock

Itron, Inc. (NASDAQ:ITRI) CFO Joan S. Hooper sold 509 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $102.15, for a total value of $51,994.35. Following the transaction, the chief financial officer now owns 72,338 shares of the company’s stock, valued at $7,389,326.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Itron Stock Performance

ITRI traded up $2.14 on Thursday, hitting $102.45. The company’s stock had a trading volume of 36,152 shares, compared to its average volume of 517,883. The firm has a market cap of $4.70 billion, a P/E ratio of 28.82, a price-to-earnings-growth ratio of 0.91 and a beta of 1.45. Itron, Inc. has a 12 month low of $56.11 and a 12 month high of $113.07. The company has a quick ratio of 1.40, a current ratio of 3.16 and a debt-to-equity ratio of 0.98. The company’s 50 day simple moving average is $100.32 and its 200-day simple moving average is $97.29.

Itron (NASDAQ:ITRI) last issued its quarterly earnings data on Thursday, August 1st. The scientific and technical instruments company reported $1.21 EPS for the quarter, beating the consensus estimate of $0.96 by $0.25. Itron had a net margin of 7.98% and a return on equity of 16.42%. The company had revenue of $609.07 million during the quarter, compared to analysts’ expectations of $599.25 million. During the same quarter in the previous year, the company earned $0.65 earnings per share. Itron’s revenue for the quarter was up 12.6% on a year-over-year basis. Analysts forecast that Itron, Inc. will post 4.55 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ITRI. Trexquant Investment LP raised its position in Itron by 18.4% in the 4th quarter. Trexquant Investment LP now owns 67,973 shares of the scientific and technical instruments company’s stock worth $5,133,000 after purchasing an additional 10,542 shares during the period. Los Angeles Capital Management LLC bought a new position in Itron in the 1st quarter worth $2,002,000. Commonwealth Equity Services LLC purchased a new stake in shares of Itron in the 1st quarter worth about $1,076,000. Jupiter Asset Management Ltd. bought a new stake in shares of Itron during the 1st quarter valued at about $2,029,000. Finally, Oppenheimer & Co. Inc. increased its position in shares of Itron by 91.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 30,568 shares of the scientific and technical instruments company’s stock valued at $2,308,000 after buying an additional 14,573 shares during the period. Institutional investors own 96.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ITRI shares. TD Cowen increased their price target on Itron from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. StockNews.com cut Itron from a “strong-buy” rating to a “buy” rating in a report on Friday, June 28th. Stephens reissued an “equal weight” rating and set a $110.00 target price on shares of Itron in a research note on Monday, August 5th. Oppenheimer raised their target price on Itron from $110.00 to $112.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Finally, Canaccord Genuity Group increased their price target on Itron from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Itron presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.20.

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.