Itron, Inc. (NASDAQ:ITRI) Shares Purchased by UBS Group AG

UBS Group AG lifted its holdings in Itron, Inc. (NASDAQ:ITRIFree Report) by 126.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,301 shares of the scientific and technical instruments company’s stock after purchasing an additional 47,056 shares during the quarter. UBS Group AG’s holdings in Itron were worth $6,366,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ITRI. Victory Capital Management Inc. boosted its position in shares of Itron by 35.7% in the 3rd quarter. Victory Capital Management Inc. now owns 10,784 shares of the scientific and technical instruments company’s stock worth $653,000 after purchasing an additional 2,838 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Itron by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 12,933 shares of the scientific and technical instruments company’s stock worth $783,000 after purchasing an additional 180 shares in the last quarter. Swiss National Bank boosted its position in shares of Itron by 1.0% in the 3rd quarter. Swiss National Bank now owns 99,800 shares of the scientific and technical instruments company’s stock worth $6,046,000 after purchasing an additional 1,000 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Itron by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 503,000 shares of the scientific and technical instruments company’s stock worth $30,472,000 after purchasing an additional 3,472 shares in the last quarter. Finally, Pathstone Family Office LLC lifted its position in Itron by 2.0% during the 3rd quarter. Pathstone Family Office LLC now owns 9,275 shares of the scientific and technical instruments company’s stock worth $562,000 after acquiring an additional 185 shares during the period. Institutional investors and hedge funds own 96.19% of the company’s stock.

Insider Activity at Itron

In related news, SVP Christopher E. Ware sold 311 shares of Itron stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $106.84, for a total value of $33,227.24. Following the completion of the transaction, the senior vice president now owns 15,371 shares in the company, valued at approximately $1,642,237.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Itron news, CFO Joan S. Hooper sold 501 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $108.87, for a total transaction of $54,543.87. Following the completion of the sale, the chief financial officer now directly owns 72,847 shares in the company, valued at approximately $7,930,852.89. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Christopher E. Ware sold 311 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $106.84, for a total value of $33,227.24. Following the sale, the senior vice president now owns 15,371 shares of the company’s stock, valued at $1,642,237.64. The disclosure for this sale can be found here. Insiders sold a total of 1,775 shares of company stock worth $192,613 in the last 90 days. Corporate insiders own 1.45% of the company’s stock.

Itron Stock Performance

Shares of ITRI stock opened at $108.05 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.90 and a debt-to-equity ratio of 0.33. Itron, Inc. has a 52-week low of $56.11 and a 52-week high of $111.00. The business has a 50-day simple moving average of $100.03 and a 200-day simple moving average of $85.20. The stock has a market cap of $4.96 billion, a PE ratio of 31.05, a price-to-earnings-growth ratio of 1.02 and a beta of 1.47.

Itron (NASDAQ:ITRIGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The scientific and technical instruments company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.39. Itron had a return on equity of 14.51% and a net margin of 7.03%. The firm had revenue of $603.44 million during the quarter, compared to analyst estimates of $579.49 million. During the same quarter in the previous year, the business earned $0.49 EPS. Itron’s revenue for the quarter was up 22.0% compared to the same quarter last year. On average, equities analysts expect that Itron, Inc. will post 3.95 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on the company. TheStreet raised Itron from a “c” rating to a “b-” rating in a research report on Monday, February 26th. JPMorgan Chase & Co. lifted their price target on Itron from $77.00 to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Robert W. Baird lifted their price target on Itron from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 13th. TD Cowen lifted their price target on Itron from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, Roth Mkm lifted their price target on Itron from $102.00 to $112.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.18.

Check Out Our Latest Report on ITRI

Itron Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

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