Itron, Inc. (NASDAQ:ITRI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Itron, Inc. (NASDAQ:ITRI) has been assigned a consensus rating of “Moderate Buy” from the thirteen analysts that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $119.67.

Several analysts have issued reports on ITRI shares. JPMorgan Chase & Co. increased their target price on Itron from $104.00 to $112.00 and gave the company a “neutral” rating in a research report on Tuesday, July 16th. Robert W. Baird raised their price objective on Itron from $115.00 to $123.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Guggenheim upgraded shares of Itron from a “neutral” rating to a “buy” rating and set a $130.00 target price for the company in a report on Thursday, July 11th. BNP Paribas assumed coverage on shares of Itron in a report on Thursday, September 5th. They issued an “outperform” rating and a $133.00 price target on the stock. Finally, StockNews.com downgraded shares of Itron from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 28th.

Insiders Place Their Bets

In other news, SVP Donald L. Reeves III sold 4,210 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $101.00, for a total value of $425,210.00. Following the completion of the transaction, the senior vice president now directly owns 16,269 shares in the company, valued at $1,643,169. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Itron news, CEO Thomas Deitrich sold 37,500 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $104.83, for a total transaction of $3,931,125.00. Following the sale, the chief executive officer now directly owns 205,276 shares of the company’s stock, valued at approximately $21,519,083.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Donald L. Reeves III sold 4,210 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $101.00, for a total value of $425,210.00. Following the completion of the transaction, the senior vice president now directly owns 16,269 shares of the company’s stock, valued at approximately $1,643,169. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,276 shares of company stock valued at $4,515,846. 1.45% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Hexagon Capital Partners LLC grew its stake in shares of Itron by 85.6% during the 2nd quarter. Hexagon Capital Partners LLC now owns 271 shares of the scientific and technical instruments company’s stock worth $27,000 after purchasing an additional 125 shares during the period. Contravisory Investment Management Inc. increased its holdings in Itron by 61.5% in the first quarter. Contravisory Investment Management Inc. now owns 344 shares of the scientific and technical instruments company’s stock valued at $32,000 after buying an additional 131 shares in the last quarter. Quarry LP raised its position in shares of Itron by 53.0% in the second quarter. Quarry LP now owns 352 shares of the scientific and technical instruments company’s stock worth $35,000 after acquiring an additional 122 shares during the period. GAMMA Investing LLC boosted its stake in shares of Itron by 32.7% during the 1st quarter. GAMMA Investing LLC now owns 491 shares of the scientific and technical instruments company’s stock worth $45,000 after acquiring an additional 121 shares in the last quarter. Finally, CWM LLC grew its position in shares of Itron by 315.6% during the 2nd quarter. CWM LLC now owns 881 shares of the scientific and technical instruments company’s stock valued at $87,000 after acquiring an additional 669 shares during the period. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

Itron Stock Performance

Shares of Itron stock opened at $109.60 on Friday. The company has a current ratio of 3.16, a quick ratio of 2.61 and a debt-to-equity ratio of 0.98. The stock’s fifty day moving average price is $101.97 and its 200-day moving average price is $101.42. The firm has a market cap of $5.03 billion, a P/E ratio of 31.49, a P/E/G ratio of 0.91 and a beta of 1.47. Itron has a 12 month low of $56.11 and a 12 month high of $113.07.

Itron (NASDAQ:ITRI) last posted its quarterly earnings results on Thursday, August 1st. The scientific and technical instruments company reported $1.21 EPS for the quarter, beating the consensus estimate of $0.96 by $0.25. Itron had a net margin of 7.98% and a return on equity of 16.42%. The business had revenue of $609.07 million during the quarter, compared to analyst estimates of $599.25 million. During the same quarter in the previous year, the business posted $0.65 EPS. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. On average, equities research analysts expect that Itron will post 4.58 earnings per share for the current fiscal year.

About Itron

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.