Itron, Inc. (NASDAQ:ITRI) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its stake in Itron, Inc. (NASDAQ:ITRI) by 2.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,740 shares of the scientific and technical instruments company’s stock after selling 355 shares during the quarter. Yousif Capital Management LLC’s holdings in Itron were worth $1,754,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. GeoWealth Management LLC boosted its holdings in Itron by 4,580.0% during the 4th quarter. GeoWealth Management LLC now owns 234 shares of the scientific and technical instruments company’s stock valued at $25,000 after acquiring an additional 229 shares during the period. Proficio Capital Partners LLC purchased a new position in Itron during the 4th quarter valued at about $30,000. CoreCap Advisors LLC boosted its holdings in Itron by 25.5% during the 4th quarter. CoreCap Advisors LLC now owns 616 shares of the scientific and technical instruments company’s stock valued at $67,000 after acquiring an additional 125 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Itron by 347.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 886 shares of the scientific and technical instruments company’s stock valued at $97,000 after acquiring an additional 688 shares during the period. Finally, Contravisory Investment Management Inc. boosted its holdings in Itron by 98.0% during the 1st quarter. Contravisory Investment Management Inc. now owns 1,711 shares of the scientific and technical instruments company’s stock valued at $179,000 after acquiring an additional 847 shares during the period. 96.19% of the stock is owned by institutional investors and hedge funds.

Itron Price Performance

Shares of NASDAQ ITRI opened at $125.04 on Tuesday. The company has a current ratio of 3.36, a quick ratio of 2.83 and a debt-to-equity ratio of 0.91. Itron, Inc. has a twelve month low of $90.11 and a twelve month high of $125.40. The stock has a 50 day moving average of $111.34 and a two-hundred day moving average of $107.86. The stock has a market cap of $5.70 billion, a P/E ratio of 25.62, a P/E/G ratio of 0.81 and a beta of 1.33.

Itron (NASDAQ:ITRI) last released its earnings results on Thursday, May 1st. The scientific and technical instruments company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.22. The business had revenue of $607.15 million for the quarter, compared to analyst estimates of $608.86 million. Itron had a return on equity of 19.03% and a net margin of 9.37%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 earnings per share. On average, research analysts forecast that Itron, Inc. will post 5.33 earnings per share for the current year.

Insider Buying and Selling

In other Itron news, CFO Joan S. Hooper sold 938 shares of the business’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $114.95, for a total transaction of $107,823.10. Following the sale, the chief financial officer now directly owns 89,364 shares in the company, valued at approximately $10,272,391.80. The trade was a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Christopher E. Ware sold 339 shares of the business’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $114.95, for a total value of $38,968.05. Following the sale, the senior vice president now owns 19,468 shares in the company, valued at approximately $2,237,846.60. The trade was a 1.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,905 shares of company stock valued at $2,439,202 over the last quarter. Company insiders own 1.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ITRI. Canaccord Genuity Group raised their target price on Itron from $130.00 to $132.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Guggenheim reiterated a “buy” rating and issued a $133.00 price objective on shares of Itron in a research note on Thursday, April 17th. Wall Street Zen cut Itron from a “buy” rating to a “hold” rating in a research note on Sunday, June 1st. Piper Sandler decreased their price objective on Itron from $124.00 to $121.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. Finally, Oppenheimer lifted their price objective on Itron from $124.00 to $131.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $127.36.

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.