Joan S. Hooper Sells 2,322 Shares of Itron, Inc. (NASDAQ:ITRI) Stock

Itron, Inc. (NASDAQ:ITRI) CFO Joan S. Hooper sold 2,322 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $92.90, for a total value of $215,713.80. Following the transaction, the chief financial officer now owns 92,076 shares in the company, valued at $8,553,860.40. This trade represents a 2.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Itron Trading Up 9.9 %

NASDAQ:ITRI traded up $9.21 during trading hours on Tuesday, hitting $101.81. The company had a trading volume of 2,808,142 shares, compared to its average volume of 598,323. Itron, Inc. has a 1 year low of $83.60 and a 1 year high of $124.90. The company has a market cap of $4.59 billion, a P/E ratio of 20.86, a P/E/G ratio of 0.81 and a beta of 1.46. The company has a 50-day moving average of $104.99 and a 200 day moving average of $106.84. 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 (NASDAQ:ITRI) last announced its quarterly earnings data on Tuesday, February 25th. The scientific and technical instruments company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.30. Itron had a net margin of 9.37% and a return on equity of 19.03%. Sell-side analysts expect that Itron, Inc. will post 5.33 earnings per share for the current year.

Institutional Trading of Itron

A number of hedge funds and other institutional investors have recently modified their holdings of ITRI. GeoWealth Management LLC boosted its stake in Itron by 4,580.0% during the fourth quarter. GeoWealth Management LLC now owns 234 shares of the scientific and technical instruments company’s stock worth $25,000 after buying an additional 229 shares during the period. Continuum Advisory LLC lifted its holdings in shares of Itron by 42.1% in the 3rd quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company’s stock worth $40,000 after acquiring an additional 102 shares during the last quarter. Quarry LP boosted its position in shares of Itron by 29.0% during the 3rd quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company’s stock worth $48,000 after purchasing an additional 102 shares during the period. Covestor Ltd increased its holdings in Itron by 26.1% in the 3rd quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company’s stock valued at $57,000 after purchasing an additional 111 shares during the last quarter. Finally, CoreCap Advisors LLC raised its position in Itron by 25.5% in the fourth quarter. CoreCap Advisors LLC now owns 616 shares of the scientific and technical instruments company’s stock valued at $67,000 after purchasing an additional 125 shares during the period. 96.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ITRI shares. Guggenheim upped their price objective on shares of Itron from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. StockNews.com upgraded shares of Itron from a “buy” rating to a “strong-buy” rating in a research report on Friday. Piper Sandler lifted their price objective on Itron from $110.00 to $119.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. TD Cowen increased their target price on Itron from $125.00 to $136.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Robert W. Baird raised their target price on Itron from $123.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Itron has an average rating of “Moderate Buy” and a consensus target price 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.