Itron, Inc. (NASDAQ:ITRI) CEO Sells $124,154.30 in Stock

Itron, Inc. (NASDAQ:ITRIGet Rating) CEO Thomas Deitrich sold 2,605 shares of Itron stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $47.66, for a total value of $124,154.30. Following the completion of the sale, the chief executive officer now directly owns 146,997 shares of the company’s stock, valued at $7,005,877.02. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Itron Price Performance

Shares of NASDAQ ITRI opened at $45.25 on Friday. Itron, Inc. has a fifty-two week low of $43.18 and a fifty-two week high of $81.36. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of -21.14 and a beta of 1.29. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.26 and a current ratio of 1.64. The firm’s 50-day simple moving average is $51.02 and its 200 day simple moving average is $50.00.

Itron (NASDAQ:ITRIGet Rating) last announced its quarterly earnings results on Thursday, August 4th. The scientific and technical instruments company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.14). Itron had a negative net margin of 5.15% and a positive return on equity of 4.45%. The business had revenue of $431.88 million during the quarter, compared to the consensus estimate of $488.53 million. During the same period in the previous year, the business posted $0.28 EPS. Itron’s revenue was down 11.8% compared to the same quarter last year. As a group, research analysts anticipate that Itron, Inc. will post 0.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Federated Hermes Inc. boosted its holdings in Itron by 35.2% in the 2nd quarter. Federated Hermes Inc. now owns 841,344 shares of the scientific and technical instruments company’s stock valued at $41,587,000 after purchasing an additional 218,861 shares during the period. Guinness Asset Management LTD boosted its holdings in Itron by 2.2% in the 2nd quarter. Guinness Asset Management LTD now owns 517,040 shares of the scientific and technical instruments company’s stock valued at $25,557,000 after purchasing an additional 10,927 shares during the period. Guinness Atkinson Asset Management Inc lifted its holdings in shares of Itron by 5.9% during the 2nd quarter. Guinness Atkinson Asset Management Inc now owns 15,190 shares of the scientific and technical instruments company’s stock worth $751,000 after acquiring an additional 846 shares during the last quarter. Amundi lifted its holdings in shares of Itron by 345.3% during the 2nd quarter. Amundi now owns 889,826 shares of the scientific and technical instruments company’s stock worth $43,979,000 after acquiring an additional 689,990 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Itron by 2.2% during the 2nd quarter. Legal & General Group Plc now owns 269,621 shares of the scientific and technical instruments company’s stock worth $13,327,000 after acquiring an additional 5,740 shares during the last quarter. 97.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ITRI has been the topic of a number of recent research reports. Cowen lowered their target price on Itron to $68.00 in a research report on Tuesday, August 9th. Morgan Stanley cut their price target on Itron from $60.00 to $55.00 and set an “equal weight” rating for the company in a research note on Thursday, June 9th. Piper Sandler cut their target price on Itron from $51.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, July 19th. Stephens downgraded shares of Itron from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $65.00 to $55.00 in a report on Friday, August 5th. Finally, StockNews.com downgraded Itron from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Eight analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $62.13.

Itron Company Profile

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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.

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Insider Buying and Selling by Quarter for Itron (NASDAQ:ITRI)

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