Itron, Inc. (NASDAQ:ITRI) Holdings Raised by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its position in Itron, Inc. (NASDAQ:ITRI) by 1.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,425 shares of the scientific and technical instruments company’s stock after acquiring an additional 190 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Itron were worth $1,220,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Silvercrest Asset Management Group LLC bought a new position in Itron during the 1st quarter worth $401,000. Handelsbanken Fonder AB grew its stake in Itron by 62.7% during the 3rd quarter. Handelsbanken Fonder AB now owns 899,789 shares of the scientific and technical instruments company’s stock worth $96,106,000 after buying an additional 346,615 shares during the last quarter. Select Equity Group L.P. grew its stake in Itron by 86.2% during the 2nd quarter. Select Equity Group L.P. now owns 603,877 shares of the scientific and technical instruments company’s stock worth $59,760,000 after buying an additional 279,629 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Itron by 90.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 511,734 shares of the scientific and technical instruments company’s stock worth $54,658,000 after buying an additional 243,355 shares during the last quarter. Finally, Hood River Capital Management LLC bought a new position in Itron during the 2nd quarter worth $22,612,000. 96.19% of the stock is currently owned by institutional investors.

Itron Trading Down 2.3 %

Shares of Itron stock opened at $114.90 on Friday. Itron, Inc. has a fifty-two week low of $64.96 and a fifty-two week high of $124.90. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 0.89 and a beta of 1.46. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91. The business has a fifty day simple moving average of $107.85 and a 200-day simple moving average of $104.45.

Itron (NASDAQ:ITRI) last announced its earnings results on Thursday, October 31st. The scientific and technical instruments company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.13 by $0.71. Itron had a return on equity of 19.03% and a net margin of 9.37%. The business had revenue of $615.46 million during the quarter, compared to the consensus estimate of $596.41 million. During the same period in the prior year, the business posted $0.98 earnings per share. Itron’s revenue was up 9.8% compared to the same quarter last year. On average, equities analysts forecast that Itron, Inc. will post 5.33 EPS for the current fiscal year.

Insider Activity

In other Itron news, CFO Joan S. Hooper sold 509 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $102.15, for a total value of $51,994.35. Following the transaction, the chief financial officer now directly owns 72,338 shares of the company’s stock, valued at $7,389,326.70. This represents a 0.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Donald L. Reeves III sold 4,210 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $101.00, for a total value of $425,210.00. Following the completion of the transaction, the senior vice president now directly owns 16,269 shares in the company, valued at approximately $1,643,169. The trade was a 20.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,276 shares of company stock valued at $4,517,947 over the last three months. Insiders own 1.45% of the company’s stock.

Wall Street Analyst Weigh In

ITRI has been the subject of a number of recent research reports. Stephens restated an “equal weight” rating and set a $110.00 price objective on shares of Itron in a research note on Monday, August 5th. Oppenheimer boosted their price target on Itron from $120.00 to $124.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Roth Mkm boosted their price target on Itron from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. BNP Paribas assumed coverage on Itron in a research report on Thursday, September 5th. They set an “outperform” rating and a $133.00 price target for the company. Finally, TD Cowen boosted their price target on Itron from $125.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Itron currently has a consensus rating of “Moderate Buy” and a consensus price target 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.