Captrust Financial Advisors Has $233,000 Position in Itron, Inc. (NASDAQ:ITRI)

Captrust Financial Advisors lifted its holdings in Itron, Inc. (NASDAQ:ITRI) by 6.3% in the 4th quarter, Holdings Channel reports. The firm owned 2,144 shares of the scientific and technical instruments company’s stock after buying an additional 128 shares during the quarter. Captrust Financial Advisors’ holdings in Itron were worth $233,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ITRI. Merit Financial Group LLC acquired a new stake in shares of Itron in the 4th quarter valued at $301,000. Janney Montgomery Scott LLC lifted its stake in shares of Itron by 45.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 16,674 shares of the scientific and technical instruments company’s stock valued at $1,810,000 after purchasing an additional 5,249 shares during the last quarter. Mount Yale Investment Advisors LLC acquired a new stake in shares of Itron in the 4th quarter valued at $286,000. Moody Aldrich Partners LLC lifted its stake in shares of Itron by 7.3% in the 4th quarter. Moody Aldrich Partners LLC now owns 43,053 shares of the scientific and technical instruments company’s stock valued at $4,675,000 after purchasing an additional 2,945 shares during the last quarter. Finally, Hager Investment Management Services LLC acquired a new stake in shares of Itron in the 4th quarter valued at $67,000. Institutional investors and hedge funds own 96.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Piper Sandler reduced their price objective on shares of Itron from $124.00 to $121.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. Guggenheim reaffirmed a “buy” rating and issued a $133.00 price objective on shares of Itron in a research note on Thursday, April 17th. Canaccord Genuity Group lifted their target price on shares of Itron from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. StockNews.com downgraded shares of Itron from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 1st. Finally, Oppenheimer lifted their target price on shares of Itron from $124.00 to $131.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $127.36.

Insider Transactions at Itron

In other Itron news, CAO David Marshall Wright sold 317 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $92.90, for a total value of $29,449.30. Following the transaction, the chief accounting officer now directly owns 8,108 shares in the company, valued at $753,233.20. The trade was a 3.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Christopher E. Ware sold 648 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $92.90, for a total transaction of $60,199.20. Following the completion of the transaction, the senior vice president now owns 20,326 shares in the company, valued at approximately $1,888,285.40. This trade represents a 3.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,187 shares of company stock worth $945,620. 1.45% of the stock is currently owned by company insiders.

Itron Stock Performance

NASDAQ:ITRI opened at $114.80 on Thursday. The firm’s 50-day moving average is $105.92 and its 200-day moving average is $108.05. Itron, Inc. has a 52-week low of $90.11 and a 52-week high of $124.90. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.83 and a current ratio of 3.36. The company has a market cap of $5.23 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 0.81 and a beta of 1.31.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Thursday, May 1st. The scientific and technical instruments company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.22. Itron had a net margin of 9.37% and a return on equity of 19.03%. The company had revenue of $607.15 million for the quarter, compared to the consensus estimate of $608.86 million. During the same quarter in the previous year, the firm posted $1.24 EPS. The business’s revenue was up .6% compared to the same quarter last year. Equities research analysts anticipate that Itron, Inc. will post 5.33 earnings per share for the current year.

Itron Company Profile

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.