Itron, Inc. (NASDAQ:ITRI) SVP Christopher E. Ware Sells 648 Shares

Itron, Inc. (NASDAQ:ITRI) SVP Christopher E. Ware sold 648 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $92.90, for a total value of $60,199.20. Following the transaction, the senior vice president now owns 20,326 shares in the company, valued at approximately $1,888,285.40. This trade represents a 3.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Itron Stock Up 9.9 %

Shares of NASDAQ:ITRI opened at $101.81 on Wednesday. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 20.86, a P/E/G ratio of 0.81 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 business’s 50-day moving average is $104.99 and its 200-day moving average is $106.84. Itron, Inc. has a 1 year low of $83.60 and a 1 year high of $124.90.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Louisiana State Employees Retirement System lifted its stake in shares of Itron by 0.5% in the 4th 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 raised its stake in Itron by 29.0% during the 3rd quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company’s stock worth $48,000 after buying an additional 102 shares during the period. Continuum Advisory LLC raised its stake in Itron by 42.1% during the 3rd quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company’s stock worth $40,000 after buying an additional 102 shares during the period. Stifel Financial Corp raised its stake in Itron by 2.2% during the 3rd quarter. Stifel Financial Corp now owns 4,921 shares of the scientific and technical instruments company’s stock worth $526,000 after buying an additional 108 shares during the period. Finally, Covestor Ltd raised its stake in Itron by 26.1% during the 3rd quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company’s stock worth $57,000 after buying an additional 111 shares during the period. 96.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. StockNews.com upgraded Itron from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 21st. TD Cowen lifted their target price on Itron from $125.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Roth Mkm lifted their target price on Itron from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Guggenheim lifted their target price on Itron from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Oppenheimer lifted their target price on Itron from $120.00 to $124.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average 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.