Insider Selling: Itron (NASDAQ:ITRI) SVP Sells 142 Shares of Stock

Itron, Inc. (NASDAQ:ITRI) SVP Laurie Ann Pulatie-Hahn sold 142 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $105.26, for a total transaction of $14,946.92. Following the transaction, the senior vice president owned 21,783 shares in the company, valued at approximately $2,292,878.58. This represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Laurie Ann Pulatie-Hahn also recently made the following trade(s):

• On Monday, November 24th, Laurie Ann Pulatie-Hahn sold 108 shares of Itron stock. The shares were sold at an average price of $96.51, for a total value of $10,423.08.

Itron Stock Down 2.7%

NASDAQ ITRI traded down $2.58 on Friday, reaching $93.16. The stock had a trading volume of 970,443 shares, compared to its average volume of 571,000. The company has a current ratio of 2.17, a quick ratio of 1.91 and a debt-to-equity ratio of 0.46. Itron, Inc. has a 1 year low of $88.57 and a 1 year high of $142.00. The business has a 50 day moving average price of $97.92 and a 200 day moving average price of $111.60. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 16.84, a P/E/G ratio of 0.57 and a beta of 1.48.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ITRI shares. Zacks Research downgraded shares of Itron from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 28th. Stephens raised shares of Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 target price on the stock in a research report on Monday, November 3rd. Johnson Rice raised Itron from an “accumulate” rating to a “buy” rating and set a $130.00 price target for the company in a research report on Monday, January 5th. Wall Street Zen lowered Itron from a “buy” rating to a “hold” rating in a report on Wednesday, January 14th. Finally, Oppenheimer reduced their target price on Itron from $145.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, January 27th. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $136.10.

Institutional Investors Weigh In On Itron

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Impax Asset Management Group plc raised its holdings in Itron by 127.3% in the 3rd quarter. Impax Asset Management Group plc now owns 1,588,950 shares of the scientific and technical instruments company’s stock valued at $197,153,000 after acquiring an additional 890,040 shares in the last quarter. Norges Bank bought a new position in shares of Itron in the fourth quarter valued at approximately $63,990,000. Merewether Investment Management LP boosted its stake in Itron by 1,552.7% in the second quarter. Merewether Investment Management LP now owns 300,787 shares of the scientific and technical instruments company’s stock worth $39,593,000 after purchasing an additional 282,587 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Itron by 18.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,271,042 shares of the scientific and technical instruments company’s stock worth $118,034,000 after acquiring an additional 194,768 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Itron by 42.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 604,580 shares of the scientific and technical instruments company’s stock valued at $75,306,000 after purchasing an additional 180,366 shares during the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.

About Itron

Itron, Inc (NASDAQ: ITRI) is a global technology company that develops innovative solutions to measure, manage and analyze the use of energy and water. Its comprehensive portfolio includes smart meters, data collection devices, communication networks and advanced software applications designed to optimize utility operations and foster sustainable resource management. The company’s offerings enable utilities and cities to accurately monitor consumption patterns, streamline billing processes and improve grid reliability.

Itron’s product lineup spans a range of hardware and software solutions, from residential and commercial smart meters to meter data management systems (MDMS), networked communication platforms and analytics tools.