Itron, Inc. (NASDAQ:ITRI) Shares Sold by Comerica Bank

Comerica Bank trimmed its holdings in Itron, Inc. (NASDAQ:ITRIGet Rating) by 9.8% during the third quarter, Holdings Channel.com reports. The fund owned 34,530 shares of the scientific and technical instruments company’s stock after selling 3,765 shares during the period. Comerica Bank’s holdings in Itron were worth $1,545,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ITRI. EverSource Wealth Advisors LLC grew its stake in Itron by 105.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 698 shares of the scientific and technical instruments company’s stock valued at $34,000 after acquiring an additional 358 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in Itron by 122.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the scientific and technical instruments company’s stock valued at $54,000 after acquiring an additional 600 shares during the last quarter. US Bancorp DE grew its stake in Itron by 30.7% in the 1st quarter. US Bancorp DE now owns 1,040 shares of the scientific and technical instruments company’s stock valued at $54,000 after acquiring an additional 244 shares during the last quarter. Eagle Bay Advisors LLC boosted its stake in shares of Itron by 106.3% during the 2nd quarter. Eagle Bay Advisors LLC now owns 1,407 shares of the scientific and technical instruments company’s stock worth $70,000 after purchasing an additional 725 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Itron by 73.0% during the 2nd quarter. FMR LLC now owns 1,543 shares of the scientific and technical instruments company’s stock worth $76,000 after purchasing an additional 651 shares during the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Itron

In related news, SVP Donald L. Reeves III sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, December 23rd. The shares were sold at an average price of $51.45, for a total value of $102,900.00. Following the transaction, the senior vice president now owns 9,158 shares in the company, valued at $471,179.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.37% of the stock is currently owned by insiders.

Itron Trading Up 2.0 %

Shares of ITRI stock opened at $56.80 on Friday. The firm has a market cap of $2.57 billion, a P/E ratio of -28.26 and a beta of 1.32. Itron, Inc. has a 1-year low of $39.38 and a 1-year high of $62.77. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.61 and a quick ratio of 1.20. The firm’s 50-day simple moving average is $53.08 and its 200-day simple moving average is $50.21.

Itron (NASDAQ:ITRIGet Rating) last posted its quarterly earnings results on Thursday, November 3rd. The scientific and technical instruments company reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. Itron had a negative net margin of 5.01% and a positive return on equity of 4.62%. The firm had revenue of $420.86 million for the quarter, compared to analyst estimates of $459.68 million. As a group, equities analysts forecast that Itron, Inc. will post 0.51 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on ITRI shares. StockNews.com raised shares of Itron from a “hold” rating to a “buy” rating in a research note on Wednesday, December 14th. Morgan Stanley decreased their price target on shares of Itron from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Friday, November 4th. Raymond James decreased their price target on shares of Itron from $68.00 to $57.00 and set a “strong-buy” rating on the stock in a research note on Friday, November 4th. JPMorgan Chase & Co. decreased their price target on shares of Itron from $65.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, October 20th. Finally, EF Hutton Acquisition Co. I decreased their price target on shares of Itron from $72.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, November 4th. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Itron has an average rating of “Moderate Buy” and a consensus target price of $55.13.

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.

See Also

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Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

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