Itron, Inc. (NASDAQ:ITRI) CFO Joan S. Hooper Sells 501 Shares of Stock

Itron, Inc. (NASDAQ:ITRIGet Free Report) CFO Joan S. Hooper sold 501 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $108.87, for a total transaction of $54,543.87. Following the sale, the chief financial officer now owns 72,847 shares in the company, valued at approximately $7,930,852.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Itron Trading Up 0.5 %

Shares of ITRI opened at $110.04 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.90 and a quick ratio of 1.40. Itron, Inc. has a 12 month low of $56.11 and a 12 month high of $111.00. The stock has a market cap of $5.05 billion, a PE ratio of 31.62, a P/E/G ratio of 1.07 and a beta of 1.38. The stock’s 50-day moving average is $97.63 and its two-hundred day moving average is $83.42.

Itron (NASDAQ:ITRIGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The scientific and technical instruments company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.39. The firm had revenue of $603.44 million during the quarter, compared to analyst estimates of $579.49 million. Itron had a return on equity of 14.51% and a net margin of 7.03%. Itron’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS. Equities analysts forecast that Itron, Inc. will post 3.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ITRI. Oppenheimer upped their price objective on Itron from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. lifted their target price on shares of Itron from $77.00 to $92.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Piper Sandler downgraded Itron from an “overweight” rating to a “neutral” rating and set a $109.00 target price for the company. in a research note on Tuesday, May 21st. Roth Mkm upped their price target on Itron from $102.00 to $112.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Finally, TD Cowen increased their price target on shares of Itron from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $104.18.

Get Our Latest Research Report on ITRI

Institutional Trading of Itron

A number of hedge funds and other institutional investors have recently made changes to their positions in ITRI. California Public Employees Retirement System boosted its stake in Itron by 1.7% during the third quarter. California Public Employees Retirement System now owns 93,804 shares of the scientific and technical instruments company’s stock valued at $5,683,000 after buying an additional 1,563 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Itron by 35.7% during the 3rd quarter. Victory Capital Management Inc. now owns 10,784 shares of the scientific and technical instruments company’s stock valued at $653,000 after purchasing an additional 2,838 shares in the last quarter. Versor Investments LP bought a new stake in shares of Itron in the 3rd quarter worth approximately $425,000. Illinois Municipal Retirement Fund acquired a new stake in Itron during the third quarter valued at approximately $1,679,000. Finally, Arizona State Retirement System boosted its holdings in Itron by 1.4% during the third quarter. Arizona State Retirement System now owns 12,933 shares of the scientific and technical instruments company’s stock worth $783,000 after buying an additional 180 shares in the last quarter. 96.19% of the stock is currently owned by institutional investors.

About Itron

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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.

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