First Trust Advisors LP Has $56.95 Million Position in Itron, Inc. (NASDAQ:ITRI)

First Trust Advisors LP grew its position in Itron, Inc. (NASDAQ:ITRIFree Report) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 754,159 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,498 shares during the period. First Trust Advisors LP owned about 1.66% of Itron worth $56,947,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ITRI. Victory Capital Management Inc. grew 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 valued at $653,000 after acquiring an additional 2,838 shares during the period. Swiss National Bank grew 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 valued at $6,046,000 after acquiring an additional 1,000 shares during the period. Charles Schwab Investment Management Inc. grew 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 valued at $30,472,000 after acquiring an additional 3,472 shares during the period. Pathstone Family Office LLC grew its position in shares of Itron by 2.0% in the 3rd quarter. Pathstone Family Office LLC now owns 9,275 shares of the scientific and technical instruments company’s stock valued at $562,000 after acquiring an additional 185 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in shares of Itron in the 3rd quarter valued at about $969,000. Institutional investors own 96.19% of the company’s stock.

Insider Activity

In related news, SVP Christopher E. Ware sold 311 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $106.84, for a total transaction of $33,227.24. Following the completion of the transaction, the senior vice president now directly owns 15,371 shares in the company, valued at approximately $1,642,237.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Joan S. Hooper sold 501 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $108.87, for a total transaction of $54,543.87. Following the completion of the transaction, 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 filing with the SEC, which is available through the SEC website. Also, SVP Christopher E. Ware sold 311 shares of the company’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 transaction of $33,227.24. Following the transaction, 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. In the last ninety days, insiders sold 1,775 shares of company stock worth $192,613. 1.45% of the stock is currently owned by corporate insiders.

Itron Price Performance

Shares of NASDAQ:ITRI opened at $107.15 on Friday. The firm has a 50 day moving average of $100.32 and a 200-day moving average of $85.48. The stock has a market capitalization of $4.91 billion, a PE ratio of 30.79, a PEG ratio of 1.04 and a beta of 1.47. The company has a current ratio of 1.90, a quick ratio of 1.40 and a debt-to-equity ratio of 0.33. Itron, Inc. has a 12 month low of $56.11 and a 12 month high of $111.00.

Itron (NASDAQ:ITRIGet Free Report) last issued its earnings results on Thursday, May 2nd. The scientific and technical instruments company reported $1.24 EPS for the quarter, beating the consensus estimate of $0.85 by $0.39. The company had revenue of $603.44 million during the quarter, compared to analysts’ expectations of $579.49 million. Itron had a net margin of 7.03% and a return on equity of 14.51%. The business’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.49 EPS. On average, equities research analysts predict that Itron, Inc. will post 4 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on ITRI shares. TD Cowen lifted their target price on shares of Itron from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Oppenheimer lifted their target price on shares of Itron from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Robert W. Baird lifted their target price on shares of Itron from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, March 13th. Stephens lifted their target price on shares of Itron from $85.00 to $110.00 and gave the stock an “equal weight” rating in a report on Monday, May 6th. Finally, Canaccord Genuity Group lifted their target price on shares of Itron from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Itron presently has a consensus rating of “Moderate Buy” and an average target price of $104.18.

Check Out Our Latest Research 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.

See Also

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Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

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