Itron, Inc. (NASDAQ:ITRI – Get Free Report) CFO Joan S. Hooper sold 2,322 shares of Itron stock in a transaction on Monday, February 24th. The stock was sold at an average price of $92.90, for a total value of $215,713.80. Following the sale, the chief financial officer now directly owns 92,076 shares of the company’s stock, valued at $8,553,860.40. This represents a 2.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Itron Stock Performance
Itron stock opened at $107.72 on Thursday. Itron, Inc. has a 12-month low of $86.13 and a 12-month high of $124.90. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91. The business’s 50-day moving average price is $104.98 and its two-hundred day moving average price is $106.85. The stock has a market cap of $4.86 billion, a PE ratio of 22.07, a P/E/G ratio of 0.81 and a beta of 1.46.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on ITRI shares. TD Cowen lifted their target price on Itron from $125.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Oppenheimer lifted their target price on Itron from $124.00 to $131.00 and gave the stock an “outperform” rating in a report on Wednesday. StockNews.com raised Itron from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 21st. Roth Mkm boosted their price target on Itron from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Guggenheim boosted their price target on Itron from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $125.50.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of ITRI. Creative Planning grew its position in Itron by 17.1% in the third quarter. Creative Planning now owns 15,677 shares of the scientific and technical instruments company’s stock valued at $1,674,000 after acquiring an additional 2,284 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Itron by 27.4% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 3,412 shares of the scientific and technical instruments company’s stock valued at $364,000 after acquiring an additional 734 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Itron during the third quarter worth about $223,000. Adams Natural Resources Fund Inc. bought a new stake in shares of Itron during the third quarter worth about $3,023,000. Finally, Pinnacle Associates Ltd. grew its holdings in shares of Itron by 9.3% during the third quarter. Pinnacle Associates Ltd. now owns 398,372 shares of the scientific and technical instruments company’s stock worth $42,550,000 after purchasing an additional 34,014 shares during the last quarter. Institutional investors own 96.19% of the company’s stock.
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.
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