Key Points
- Itron CAO David Wright sold 410 shares at an average price of $98.79, totaling about $40,504. The sale reduced his holdings by 5.29%, leaving him with 7,341 shares.
- Itron reported quarterly earnings of $1.94 per share, beating the $1.56 consensus estimate; revenue of $599.33 million also exceeded expectations and rose 3% year over year.
- Analysts give Itron a consensus “Moderate Buy” rating, with an average price target of $129.20; nine analysts rate the stock Buy, three Hold, and one Sell.
Itron, Inc. (NASDAQ:ITRI - Get Free Report) CAO David Wright sold 410 shares of the company's stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $98.79, for a total transaction of $40,503.90. Following the completion of the sale, the chief accounting officer owned 7,341 shares of the company's stock, valued at approximately $725,217.39. This trade represents a 5.29% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
David Marshall Wright also recently made the following trade(s):
- On Monday, November 2nd, David Wright sold 820 shares of Itron stock. The stock was sold at an average price of $100.00, for a total transaction of $82,000.00.
- On Monday, November 2nd, David Wright sold 100 shares of Itron stock. The stock was sold at an average price of $100.08, for a total transaction of $10,008.00.
- On Monday, August 24th, David Wright sold 76 shares of Itron stock. The stock was sold at an average price of $98.79, for a total transaction of $7,508.04.
- On Thursday, August 20th, David Wright sold 58 shares of Itron stock. The shares were sold at an average price of $97.83, for a total transaction of $5,674.14.
Itron Price Performance
ITRI opened at $101.60 on Thursday. The stock has a fifty day moving average of $91.09 and a 200-day moving average of $91.05. The firm has a market capitalization of $4.46 billion, a P/E ratio of 13.13, a PEG ratio of 1.11 and a beta of 1.33. Itron, Inc. has a 12-month low of $77.77 and a 12-month high of $108.20. The company has a quick ratio of 2.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.92.
Itron (NASDAQ:ITRI - Get Free Report) last issued its earnings results on Tuesday, October 27th. The scientific and technical instruments company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.56 by $0.38. Itron had a return on equity of 20.11% and a net margin of 12.05%. The business had revenue of $599.33 million during the quarter, compared to analysts' expectations of $595.50 million. During the same quarter last year, the firm posted $1.54 earnings per share. Itron's revenue was up 3.0% compared to the same quarter last year. Equities analysts forecast that Itron, Inc. will post 6.78 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the company. Seaport Research Partners reissued a "buy" rating and issued a $150.00 price objective on shares of Itron in a research note on Wednesday, July 29th. Needham & Company LLC lifted their target price on Itron from $128.00 to $137.00 and gave the company a "buy" rating in a research note on Tuesday, October 27th. Weiss Ratings downgraded Itron from a "hold (c+)" rating to a "hold (c-)" rating in a report on Wednesday, October 28th. Zacks Research downgraded Itron from a "strong-buy" rating to a "hold" rating in a report on Monday, October 19th. Finally, Robert W. Baird set a $125.00 price target on shares of Itron in a research report on Wednesday, July 29th. Nine investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $129.20.
View Our Latest Stock Report on ITRI
Institutional Investors Weigh In On Itron
A number of institutional investors have recently modified their holdings of ITRI. Dimensional Fund Advisors LP grew its holdings in shares of Itron by 20.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,536,081 shares of the scientific and technical instruments company's stock valued at $137,659,000 after acquiring an additional 265,039 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Itron by 22.2% during the first quarter. First Trust Advisors LP now owns 969,228 shares of the scientific and technical instruments company's stock worth $86,872,000 after acquiring an additional 176,053 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Itron by 12.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 673,420 shares of the scientific and technical instruments company's stock worth $60,359,000 after acquiring an additional 73,020 shares in the last quarter. Jupiter Topco LLC purchased a new stake in shares of Itron during the second quarter worth $42,466,000. Finally, Renaissance Technologies LLC boosted its position in Itron by 10.1% during the first quarter. Renaissance Technologies LLC now owns 461,761 shares of the scientific and technical instruments company's stock valued at $41,388,000 after purchasing an additional 42,300 shares during the last quarter. Institutional investors and hedge funds own 96.19% of the company's stock.
Itron Company Profile
(
Get Free Report)
Itron, Inc is a technology company that provides solutions to utilities and cities for managing electricity, natural gas, and water resources. Its offerings help organizations measure consumption, collect and analyze data, improve operational efficiency, and support more reliable and sustainable delivery of essential services.
The company's portfolio includes smart meters, advanced metering infrastructure, communications networks, sensors, data management systems, and utility software.
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