Itron, Inc. (NASDAQ:ITRI) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale increased its position in shares of Itron, Inc. (NASDAQ:ITRI) by 13.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,194 shares of the scientific and technical instruments company’s stock after purchasing an additional 744 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Itron were worth $472,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling at Itron

In other Itron news, CEO Thomas Deitrich sold 1,912 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $75.37, for a total transaction of $144,107.44. Following the completion of the sale, the chief executive officer now owns 169,073 shares of the company’s stock, valued at $12,743,032.01. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Itron news, CEO Thomas Deitrich sold 1,912 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $75.37, for a total transaction of $144,107.44. Following the completion of the sale, the chief executive officer now owns 169,073 shares of the company’s stock, valued at $12,743,032.01. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jerome J. Lande sold 14,896 shares of the business’s 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 directly owns 5,750 shares of the company’s stock, valued at approximately $547,687.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,467 shares of company stock valued at $2,752,520. Company insiders own 1.45% of the company’s stock.

Itron Price Performance

Shares of NASDAQ:ITRI opened at $89.94 on Tuesday. The company has a market cap of $4.12 billion, a P/E ratio of 42.83, a P/E/G ratio of 1.01 and a beta of 1.41. The company has a quick ratio of 1.43, a current ratio of 1.95 and a debt-to-equity ratio of 0.34. Itron, Inc. has a 52 week low of $50.60 and a 52 week high of $96.73. The business has a fifty day simple moving average of $86.64 and a 200-day simple moving average of $74.15.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Robert W. Baird boosted their price target on Itron from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, March 13th. Piper Sandler cut their price target on Itron from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Thursday, April 11th. JPMorgan Chase & Co. boosted their price target on Itron from $77.00 to $92.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Raymond James cut Itron from an “outperform” rating to a “market perform” rating in a report on Thursday, January 4th. Finally, Canaccord Genuity Group raised Itron from a “hold” rating to a “buy” rating and boosted their price target for the stock from $68.00 to $105.00 in a report on Tuesday, February 27th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $95.60.

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.