Bay Colony Advisory Group Inc d b a Bay Colony Advisors Invests $210,000 in Itron, Inc. (NASDAQ:ITRI)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Itron, Inc. (NASDAQ:ITRI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,775 shares of the scientific and technical instruments company’s stock, valued at approximately $210,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LPL Financial LLC increased its stake in Itron by 1.4% in the 1st quarter. LPL Financial LLC now owns 12,430 shares of the scientific and technical instruments company’s stock valued at $689,000 after buying an additional 175 shares during the last quarter. Arizona State Retirement System boosted its holdings in Itron by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 12,933 shares of the scientific and technical instruments company’s stock valued at $783,000 after purchasing an additional 180 shares during the period. Advisors Asset Management Inc. boosted its holdings in Itron by 0.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 41,337 shares of the scientific and technical instruments company’s stock valued at $2,504,000 after purchasing an additional 180 shares during the period. Pathstone Family Office LLC boosted its holdings in Itron by 2.0% in the 3rd quarter. Pathstone Family Office LLC now owns 9,275 shares of the scientific and technical instruments company’s stock valued at $562,000 after purchasing an additional 185 shares during the period. Finally, Captrust Financial Advisors boosted its holdings in Itron by 2.4% in the 2nd quarter. Captrust Financial Advisors now owns 7,895 shares of the scientific and technical instruments company’s stock valued at $569,000 after purchasing an additional 187 shares during the period. 96.19% of the stock is owned by institutional investors.

Insider Activity at Itron

In related news, CEO Thomas Deitrich sold 1,912 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $75.37, for a total value of $144,107.44. Following the completion of the sale, the chief executive officer now directly owns 169,073 shares of the company’s stock, valued at approximately $12,743,032.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Jerome J. Lande sold 14,896 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $95.25, for a total transaction of $1,418,844.00. Following the completion of the sale, the director now directly owns 5,750 shares of the company’s stock, valued at approximately $547,687.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Thomas Deitrich sold 1,912 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $75.37, for a total value of $144,107.44. Following the sale, the chief executive officer now directly owns 169,073 shares of the company’s stock, valued at $12,743,032.01. The disclosure for this sale can be found here. In the last three months, insiders sold 30,467 shares of company stock valued at $2,752,520. 1.45% of the stock is owned by insiders.

Analyst Ratings Changes

ITRI has been the subject of a number of recent research reports. TheStreet raised shares of Itron from a “c” rating to a “b-” rating in a report on Monday, February 26th. TD Cowen boosted their price objective on shares of Itron from $107.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, March 13th. Oppenheimer raised shares of Itron from a “market perform” rating to an “outperform” rating and set a $81.00 price target for the company in a report on Friday, January 19th. Canaccord Genuity Group raised shares of Itron from a “hold” rating to a “buy” rating and upped their price target for the stock from $68.00 to $105.00 in a report on Tuesday, February 27th. Finally, Canaccord Genuity Group raised shares of Itron from a “hold” rating to a “buy” rating and upped their price target for the stock from $68.00 to $105.00 in a report on Tuesday, February 27th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $95.60.

Itron Price Performance

Itron stock opened at $90.76 on Wednesday. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 43.22, a PEG ratio of 1.00 and a beta of 1.41. Itron, Inc. has a 52-week low of $50.60 and a 52-week high of $96.73. The stock’s 50 day moving average price is $87.01 and its two-hundred day moving average price is $74.36. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.43 and a current ratio of 1.95.

Itron (NASDAQ:ITRI) last issued its earnings results on Monday, February 26th. The scientific and technical instruments company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.48. Itron had a return on equity of 12.27% and a net margin of 4.46%. The company had revenue of $577.17 million for the quarter, compared to analysts’ expectations of $569.90 million. During the same period last year, the business earned $0.71 EPS. Itron’s quarterly revenue was up 23.5% compared to the same quarter last year. On average, equities analysts predict that Itron, Inc. will post 3.61 earnings per share for the current 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.