Itron, Inc. (NASDAQ:ITRI) SVP Sells $23,032.45 in Stock

Itron, Inc. (NASDAQ:ITRI) SVP Sarah E. Hlavinka sold 395 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $58.31, for a total transaction of $23,032.45. Following the completion of the sale, the senior vice president now owns 12,797 shares of the company’s stock, valued at approximately $746,193.07. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

NASDAQ ITRI traded up $2.16 on Wednesday, hitting $59.97. 1,749 shares of the company’s stock traded hands, compared to its average volume of 306,445. The company has a current ratio of 2.25, a quick ratio of 1.88 and a debt-to-equity ratio of 1.64. Itron, Inc. has a 1-year low of $40.48 and a 1-year high of $88.32. The firm’s 50-day moving average price is $63.72 and its two-hundred day moving average price is $64.06. The firm has a market capitalization of $2.33 billion, a PE ratio of -101.42, a P/E/G ratio of 1.92 and a beta of 1.20.

Itron (NASDAQ:ITRI) last announced its quarterly earnings data on Monday, August 3rd. The scientific and technical instruments company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.20) by $0.23. Itron had a negative net margin of 0.96% and a positive return on equity of 11.97%. The business had revenue of $510.00 million during the quarter, compared to analysts’ expectations of $486.65 million. During the same period in the previous year, the business posted $0.87 EPS. The business’s quarterly revenue was down 19.7% compared to the same quarter last year. On average, research analysts anticipate that Itron, Inc. will post 1.21 earnings per share for the current fiscal year.

A number of research analysts have recently issued reports on ITRI shares. Raymond James cut their price objective on shares of Itron from $82.00 to $78.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 4th. BidaskClub downgraded shares of Itron from a “hold” rating to a “sell” rating in a research report on Friday, August 28th. Canaccord Genuity reaffirmed a “buy” rating on shares of Itron in a research report on Thursday, June 18th. Wolfe Research started coverage on shares of Itron in a research report on Tuesday, August 25th. They issued an “underperform” rating and a $56.00 price objective on the stock. Finally, Oppenheimer started coverage on shares of Itron in a research report on Tuesday, August 11th. They issued a “buy” rating and a $75.00 price objective on the stock. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. Itron presently has an average rating of “Hold” and a consensus target price of $77.44.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC lifted its stake in shares of Itron by 1.4% in the 2nd quarter. AQR Capital Management LLC now owns 12,164 shares of the scientific and technical instruments company’s stock valued at $806,000 after purchasing an additional 166 shares during the period. Banque Cantonale Vaudoise lifted its stake in shares of Itron by 9.3% in the 2nd quarter. Banque Cantonale Vaudoise now owns 1,960 shares of the scientific and technical instruments company’s stock valued at $130,000 after purchasing an additional 167 shares during the period. Putnam FL Investment Management Co. lifted its stake in shares of Itron by 1.4% in the 2nd quarter. Putnam FL Investment Management Co. now owns 13,915 shares of the scientific and technical instruments company’s stock valued at $922,000 after purchasing an additional 193 shares during the period. Advisor Group Holdings Inc. lifted its stake in shares of Itron by 5.4% in the 2nd quarter. Advisor Group Holdings Inc. now owns 3,783 shares of the scientific and technical instruments company’s stock valued at $250,000 after purchasing an additional 193 shares during the period. Finally, Arizona State Retirement System raised its position in Itron by 2.5% during the second quarter. Arizona State Retirement System now owns 8,567 shares of the scientific and technical instruments company’s stock worth $568,000 after acquiring an additional 207 shares during the period. Hedge funds and other institutional investors own 95.95% of the company’s stock.

Itron Company Profile

Itron, Inc, a technology and service company, provides end-to-end solutions that measures, manages, and analyzes energy and water use worldwide. The company operates through three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing.

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Insider Buying and Selling by Quarter for Itron (NASDAQ:ITRI)

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