Itron, Inc. (NASDAQ:ITRI) CAO David Marshall Wright Sells 102 Shares
Itron, Inc. (NASDAQ:ITRI) CAO David Marshall Wright sold 102 shares at $114.95 each, totaling $11,724.90, resulting in a 1.29% decrease in his ownership. He now holds 7,791 shares valued at $895,575.45. The sale was disclosed to the SEC. Itron's stock fell 1.9% to $113.28, with a market cap of $5.16 billion. The company reported $1.52 EPS for the last quarter, exceeding estimates. Analysts have mixed ratings, with an average target price of $127.36 and a consensus rating of "Moderate Buy."
Itron, Inc. (NASDAQ:ITRI - Get Free Report) CAO David Marshall Wright sold 102 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $114.95, for a total transaction of $11,724.90. Following the transaction, the chief accounting officer now owns 7,791 shares in the company, valued at $895,575.45. The trade was a 1.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Itron Trading Down 1.9%
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Shares of NASDAQ ITRI traded down $2.22 during midday trading on Wednesday, hitting $113.28. The stock had a trading volume of 364,010 shares, compared to its average volume of 575,011. The company has a market capitalization of $5.16 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 0.81 and a beta of 1.31. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91. Itron, Inc. has a 1-year low of $90.11 and a 1-year high of $124.90. The company has a fifty day moving average price of $106.44 and a 200 day moving average price of $107.77.
Itron (NASDAQ:ITRI - Get Free Report) last announced its earnings results on Thursday, May 1st. The scientific and technical instruments company reported $1.52 earnings per share for the quarter, beating 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 business had revenue of $607.15 million during the quarter, compared to the consensus estimate of $608.86 million. During the same period in the prior year, the firm earned $1.24 earnings per share. The business's quarterly revenue was up .6% compared to the same quarter last year. On average, analysts predict that Itron, Inc. will post 5.33 earnings per share for the current year.
Analyst Ratings Changes
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ITRI has been the subject of a number of research analyst reports. Piper Sandler dropped their price target on Itron from $124.00 to $121.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Oppenheimer upped their target price on shares of Itron from $124.00 to $131.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. Canaccord Genuity Group raised their price target on shares of Itron from $130.00 to $132.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Wall Street Zen raised shares of Itron from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Guggenheim reiterated a "buy" rating and issued a $133.00 target price on shares of Itron in a research note on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $127.36.
Check Out Our Latest Research Report on ITRI
Hedge Funds Weigh In On Itron
A number of institutional investors have recently made changes to their positions in ITRI. GeoWealth Management LLC grew its position in shares of Itron by 4,580.0% in the 4th quarter. GeoWealth Management LLC now owns 234 shares of the scientific and technical instruments company's stock worth $25,000 after acquiring an additional 229 shares in the last quarter. Wayfinding Financial LLC bought a new position in shares of Itron in the 1st quarter worth about $45,000. CoreCap Advisors LLC raised its stake in Itron by 25.5% during the fourth quarter. CoreCap Advisors LLC now owns 616 shares of the scientific and technical instruments company's stock worth $67,000 after acquiring an additional 125 shares during the period. Hager Investment Management Services LLC acquired a new position in Itron in the fourth quarter valued at approximately $67,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Itron by 347.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 886 shares of the scientific and technical instruments company's stock worth $97,000 after purchasing an additional 688 shares during the last quarter. 96.19% of the stock is owned by institutional investors and hedge funds.
Itron Company Profile
(Get 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.
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