Olympiad Research LP Sells 1,586 Shares of Itron, Inc. (NASDAQ:ITRI)

Olympiad Research LP trimmed its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 42.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,118 shares of the scientific and technical instruments company’s stock after selling 1,586 shares during the quarter. Olympiad Research LP’s holdings in Itron were worth $226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in shares of Itron by 4.5% in the third quarter. Principal Financial Group Inc. now owns 248,077 shares of the scientific and technical instruments company’s stock worth $26,497,000 after purchasing an additional 10,677 shares during the last quarter. Hanseatic Management Services Inc. boosted its position in Itron by 4.4% during the 3rd quarter. Hanseatic Management Services Inc. now owns 7,522 shares of the scientific and technical instruments company’s stock valued at $803,000 after buying an additional 318 shares during the period. Robeco Institutional Asset Management B.V. bought a new stake in Itron in the 3rd quarter worth $473,000. Janney Montgomery Scott LLC increased its position in shares of Itron by 1.7% in the third quarter. Janney Montgomery Scott LLC now owns 11,425 shares of the scientific and technical instruments company’s stock valued at $1,220,000 after acquiring an additional 190 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in shares of Itron by 21.7% during the third quarter. Farther Finance Advisors LLC now owns 724 shares of the scientific and technical instruments company’s stock valued at $77,000 after acquiring an additional 129 shares during the last quarter. 96.19% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Donald L. Reeves III sold 4,210 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $101.00, for a total transaction of $425,210.00. Following the sale, the senior vice president now owns 16,269 shares of the company’s stock, valued at $1,643,169. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, SVP Donald L. Reeves III sold 4,210 shares of Itron stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $101.00, for a total transaction of $425,210.00. Following the transaction, the senior vice president now directly owns 16,269 shares of the company’s stock, valued at $1,643,169. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Joan S. Hooper sold 509 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $102.15, for a total transaction of $51,994.35. Following the completion of the sale, the chief financial officer now directly owns 72,338 shares of the company’s stock, valued at $7,389,326.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,276 shares of company stock valued at $4,515,846. 1.45% of the stock is owned by insiders.

Itron Trading Up 0.7 %

NASDAQ:ITRI opened at $123.73 on Friday. The firm has a market capitalization of $5.58 billion, a P/E ratio of 25.35, a PEG ratio of 0.92 and a beta of 1.46. 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’s 50-day simple moving average is $105.76 and its 200 day simple moving average is $103.60. Itron, Inc. has a one year low of $62.45 and a one year high of $124.72.

Itron (NASDAQ:ITRI) last posted its earnings results on Thursday, October 31st. The scientific and technical instruments company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.71. Itron had a return on equity of 19.03% and a net margin of 9.37%. The business had revenue of $615.46 million during the quarter, compared to analyst estimates of $596.41 million. During the same quarter last year, the company earned $0.98 EPS. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, analysts forecast that Itron, Inc. will post 5.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ITRI has been the topic of several recent analyst reports. Piper Sandler raised their target price on Itron from $110.00 to $119.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Janney Montgomery Scott started coverage on Itron in a research report on Friday, September 27th. They issued a “buy” rating and a $131.00 price objective on the stock. Roth Mkm upped their target price on Itron from $125.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. lifted their price target on shares of Itron from $104.00 to $112.00 and gave the company a “neutral” rating in a report on Tuesday, July 16th. Finally, Guggenheim upped their price objective on shares of Itron from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $123.92.

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.