Shares of Itron, Inc. (NASDAQ:ITRI – Get Rating) hit a new 52-week low on Thursday . The company traded as low as $43.82 and last traded at $43.82, with a volume of 9547 shares trading hands. The stock had previously closed at $47.07.
A number of research analysts recently weighed in on the stock. Stephens dropped their price objective on shares of Itron from $90.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, March 2nd. StockNews.com upgraded shares of Itron from a “hold” rating to a “buy” rating in a report on Wednesday, May 25th. Wells Fargo & Company dropped their price objective on shares of Itron from $60.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday, March 1st. Piper Sandler started coverage on shares of Itron in a report on Thursday, May 12th. They set a “neutral” rating and a $51.00 price target for the company. Finally, TheStreet cut shares of Itron from a “c-” rating to a “d+” rating in a report on Wednesday, March 9th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $73.70.
The firm has a market capitalization of $1.98 billion, a PE ratio of -21.43 and a beta of 1.25. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.24 and a current ratio of 1.58. The company’s fifty day moving average price is $49.64 and its two-hundred day moving average price is $55.21.
In related news, CFO Joan S. Hooper sold 627 shares of the firm’s stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $49.36, for a total value of $30,948.72. Following the transaction, the chief financial officer now owns 50,409 shares in the company, valued at $2,488,188.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.37% of the company’s stock.
A number of large investors have recently modified their holdings of the business. BlackRock Inc. grew its position in Itron by 3.4% in the fourth quarter. BlackRock Inc. now owns 7,143,476 shares of the scientific and technical instruments company’s stock valued at $489,470,000 after acquiring an additional 234,947 shares in the last quarter. State Street Corp grew its position in shares of Itron by 8.5% during the fourth quarter. State Street Corp now owns 1,606,096 shares of the scientific and technical instruments company’s stock worth $110,050,000 after buying an additional 125,257 shares in the last quarter. Invesco Ltd. grew its position in shares of Itron by 1.6% during the fourth quarter. Invesco Ltd. now owns 1,487,427 shares of the scientific and technical instruments company’s stock worth $101,918,000 after buying an additional 23,017 shares in the last quarter. Allianz Asset Management GmbH grew its stake in Itron by 5.0% during the 4th quarter. Allianz Asset Management GmbH now owns 1,275,976 shares of the scientific and technical instruments company’s stock valued at $87,404,000 after acquiring an additional 61,241 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Itron by 13.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,043,908 shares of the scientific and technical instruments company’s stock valued at $54,994,000 after buying an additional 123,400 shares in the last quarter. 99.15% of the stock is owned by institutional investors.
About Itron (NASDAQ:ITRI)
Itron, Inc, a technology and service company, provides end-to-end solutions that help manage operations in the energy, water, and smart city space worldwide. The company operates through three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing.
- Get a free copy of the StockNews.com research report on Itron (ITRI)
- The Q2 Earnings Season Could Be A Bloodbath
- The Institutions Turn The Tide For Jabil
- Commercial Metals Company Is Ready To Rebound
- A10 Networks: Key 5G Infrastructure Stock that’s Beating the Market
- Allstate: A Safe Stock During Volatile Times, Which Will Benefit From Rising Rates
Want More Great Investing Ideas?
- Bear Market Game Plan!
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 3 Stocks to DOUBLE This Year
Receive News & Ratings for Itron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Itron and related companies with MarketBeat.com's FREE daily email newsletter.