Dynamic Technology Lab Private Ltd Purchases 871 Shares of Itron, Inc. (NASDAQ:ITRI)

Dynamic Technology Lab Private Ltd boosted its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 5.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 16,406 shares of the scientific and technical instruments company’s stock after purchasing an additional 871 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Itron were worth $1,752,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC acquired a new stake in shares of Itron in the 1st quarter valued at $230,000. Lazard Asset Management LLC boosted its stake in shares of Itron by 16.2% during the 1st quarter. Lazard Asset Management LLC now owns 7,898 shares of the scientific and technical instruments company’s stock worth $730,000 after acquiring an additional 1,101 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Itron by 6.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 30,298 shares of the scientific and technical instruments company’s stock valued at $2,804,000 after acquiring an additional 1,765 shares during the last quarter. Silvercrest Asset Management Group LLC acquired a new stake in Itron in the 1st quarter worth approximately $401,000. Finally, Bayesian Capital Management LP boosted its position in Itron by 29.7% during the first quarter. Bayesian Capital Management LP now owns 5,245 shares of the scientific and technical instruments company’s stock worth $485,000 after purchasing an additional 1,200 shares during the period. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Itron Stock Performance

ITRI opened at $118.70 on Tuesday. The stock has a market cap of $5.35 billion, a PE ratio of 24.32, a P/E/G ratio of 0.89 and a beta of 1.46. Itron, Inc. has a 1 year low of $65.42 and a 1 year high of $124.90. The stock’s 50 day simple moving average is $109.53 and its 200-day simple moving average is $104.97. 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 (NASDAQ:ITRI) last announced its quarterly earnings data on Thursday, October 31st. The scientific and technical instruments company reported $1.84 earnings per share (EPS) 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 prior year, the company posted $0.98 EPS. The business’s revenue was up 9.8% on a year-over-year basis. Sell-side 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 stock in a transaction on Tuesday, October 1st. The stock was 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 $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 can be accessed through this link. Corporate insiders own 1.45% of the company’s stock.

Analyst Upgrades and Downgrades

ITRI has been the subject of a number of analyst reports. Roth Mkm boosted their price objective on shares of Itron from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Stephens reiterated an “equal weight” rating and issued a $110.00 target price on shares of Itron in a report on Monday, August 5th. BNP Paribas assumed coverage on shares of Itron in a report on Thursday, September 5th. They set an “outperform” rating and a $133.00 price target for the company. Guggenheim lifted their price objective on Itron from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Oppenheimer boosted their price objective on Itron from $120.00 to $124.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Itron currently has an average rating of “Moderate Buy” and a consensus price target of $123.92.

About Itron

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.