Itron, Inc. (NASDAQ:ITRI) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,504 shares of the scientific and technical instruments company’s stock after selling 911 shares during the quarter. New York State Teachers Retirement System owned 0.14% of Itron worth $4,946,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. State of Wyoming purchased a new position in shares of Itron in the fourth quarter valued at $29,000. Quarry LP boosted its stake in shares of Itron by 240.5% in the second quarter. Quarry LP now owns 429 shares of the scientific and technical instruments company’s stock valued at $31,000 after purchasing an additional 303 shares during the period. Covestor Ltd boosted its stake in shares of Itron by 9,150.0% in the third quarter. Covestor Ltd now owns 555 shares of the scientific and technical instruments company’s stock valued at $34,000 after purchasing an additional 549 shares during the period. US Bancorp DE boosted its stake in shares of Itron by 30.7% in the first quarter. US Bancorp DE now owns 1,040 shares of the scientific and technical instruments company’s stock valued at $54,000 after purchasing an additional 244 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in shares of Itron in the second quarter valued at $66,000. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ITRI. TD Cowen upped their target price on shares of Itron from $107.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, March 13th. JPMorgan Chase & Co. increased their price objective on shares of Itron from $77.00 to $92.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Raymond James downgraded shares of Itron from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 4th. Canaccord Genuity Group upgraded shares of Itron from a “hold” rating to a “buy” rating and increased their price objective for the company from $68.00 to $105.00 in a research note on Tuesday, February 27th. Finally, Oppenheimer upgraded shares of Itron from a “market perform” rating to an “outperform” rating and set a $81.00 price objective on the stock in a research note on Friday, January 19th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Itron has a consensus rating of “Moderate Buy” and a consensus price target of $95.60.

Itron Stock Down 0.8 %

Shares of NASDAQ:ITRI opened at $91.44 on Friday. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 43.54, a price-to-earnings-growth ratio of 1.02 and a beta of 1.41. Itron, Inc. has a 1-year low of $50.60 and a 1-year high of $96.73. The company’s fifty day moving average is $86.27 and its two-hundred day moving average is $73.83. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.43 and a current ratio of 1.95.

Itron (NASDAQ:ITRI) last released its quarterly earnings data on Monday, February 26th. The scientific and technical instruments company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.48. Itron had a net margin of 4.46% and a return on equity of 12.27%. The business had revenue of $577.17 million for the quarter, compared to analysts’ expectations of $569.90 million. During the same quarter last year, the company earned $0.71 EPS. The company’s revenue for the quarter was up 23.5% compared to the same quarter last year. Equities analysts anticipate that Itron, Inc. will post 3.61 EPS for the current year.

Insider Buying and Selling

In related news, Director Jerome J. Lande sold 14,896 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $95.25, for a total value of $1,418,844.00. Following the sale, the director now owns 5,750 shares of the company’s stock, valued at approximately $547,687.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Thomas Deitrich sold 3,362 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $87.10, for a total value of $292,830.20. Following the sale, the chief executive officer now owns 205,162 shares of the company’s stock, valued at approximately $17,869,610.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jerome J. Lande sold 14,896 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $95.25, for a total transaction of $1,418,844.00. Following the completion of the sale, the director now directly owns 5,750 shares in the company, valued at approximately $547,687.50. The disclosure for this sale can be found here. Insiders have sold a total of 30,467 shares of company stock valued at $2,752,520 in the last quarter. Company insiders own 1.45% of the company’s stock.

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.