Profund Advisors LLC increased its position in shares of Itron, Inc. (NASDAQ:ITRI) by 17.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,606 shares of the scientific and technical instruments company’s stock after purchasing an additional 852 shares during the quarter. Profund Advisors LLC’s holdings in Itron were worth $382,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Delpha Capital Management LLC purchased a new position in Itron during the fourth quarter worth about $134,000. Macquarie Group Ltd. purchased a new position in Itron during the third quarter worth about $152,000. Campbell & CO Investment Adviser LLC purchased a new position in Itron during the third quarter worth about $218,000. Teacher Retirement System of Texas purchased a new position in Itron during the third quarter worth about $221,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in Itron during the third quarter worth about $219,000. Institutional investors and hedge funds own 95.25% of the company’s stock.
A number of research firms have weighed in on ITRI. Oppenheimer reiterated a “buy” rating and issued a $78.00 target price on shares of Itron in a research note on Monday, January 29th. BidaskClub upgraded shares of Itron from a “hold” rating to a “buy” rating in a research note on Friday, January 19th. ValuEngine upgraded shares of Itron from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. JMP Securities set a $108.00 target price on shares of Itron and gave the company a “buy” rating in a research note on Thursday, March 1st. Finally, Canaccord Genuity upgraded shares of Itron from a “hold” rating to a “buy” rating and boosted their target price for the company from $78.00 to $84.00 in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $84.18.
Itron, Inc. (NASDAQ ITRI) opened at $71.30 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.67 and a quick ratio of 1.29. The firm has a market cap of $2,831.24, a PE ratio of 48.84, a price-to-earnings-growth ratio of 1.14 and a beta of 1.03. Itron, Inc. has a 52 week low of $59.10 and a 52 week high of $79.95.
Itron (NASDAQ:ITRI) last announced its quarterly earnings results on Wednesday, February 28th. The scientific and technical instruments company reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.08. The company had revenue of $550.78 million for the quarter, compared to analysts’ expectations of $532.61 million. Itron had a net margin of 2.84% and a return on equity of 15.84%. Itron’s revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 EPS. equities research analysts anticipate that Itron, Inc. will post 3.05 EPS for the current year.
In related news, Director Thomas S. Glanville sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $74.02, for a total transaction of $148,040.00. Following the sale, the director now directly owns 13,390 shares in the company, valued at approximately $991,127.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Philip Mezey sold 3,330 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $68.30, for a total transaction of $227,439.00. Following the sale, the chief executive officer now owns 54,327 shares in the company, valued at $3,710,534.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 78,750 shares of company stock worth $5,368,520 and have sold 16,708 shares worth $1,187,652. Corporate insiders own 2.03% of the company’s stock.
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Itron Company Profile
Itron, Inc is a technology and service company. The Company provides solutions that measure, manage and analyze energy and water use. It also provides the Internet of things. The Company operates through three segments: Electricity, Gas and Water. It provides a portfolio of products, solutions, software and services to electric, gas and water utility customers across the globe.
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