Itron, Inc. (NASDAQ:ITRI) Receives $136.10 Average PT from Analysts

Shares of Itron, Inc. (NASDAQ:ITRI) have been given an average rating of “Moderate Buy” by the thirteen analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $136.10.

A number of analysts have recently issued reports on ITRI shares. Wall Street Zen cut Itron from a “buy” rating to a “hold” rating in a research report on Wednesday, January 14th. Argus reiterated a “hold” rating on shares of Itron in a research note on Tuesday, November 4th. JPMorgan Chase & Co. boosted their price target on shares of Itron from $145.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Stephens raised shares of Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 price objective for the company in a report on Monday, November 3rd. Finally, Johnson Rice upgraded shares of Itron from an “accumulate” rating to a “buy” rating and set a $130.00 target price on the stock in a research report on Monday, January 5th.

Insider Activity at Itron

In other news, CFO Joan S. Hooper sold 948 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $96.51, for a total value of $91,491.48. Following the sale, the chief financial officer directly owned 87,446 shares in the company, valued at approximately $8,439,413.46. This represents a 1.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Justin K. Patrick sold 379 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $96.51, for a total value of $36,577.29. Following the transaction, the senior vice president owned 20,382 shares of the company’s stock, valued at $1,967,066.82. This trade represents a 1.83% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 2,971 shares of company stock valued at $286,731. Corporate insiders own 1.45% of the company’s stock.

Institutional Investors Weigh In On Itron

Large investors have recently made changes to their positions in the company. Twin Peaks Wealth Advisors LLC bought a new position in Itron during the 2nd quarter valued at about $30,000. Bessemer Group Inc. increased its holdings in shares of Itron by 125.7% during the second quarter. Bessemer Group Inc. now owns 255 shares of the scientific and technical instruments company’s stock worth $34,000 after buying an additional 142 shares in the last quarter. Employees Retirement System of Texas bought a new position in shares of Itron in the third quarter valued at approximately $32,000. Private Trust Co. NA boosted its holdings in shares of Itron by 112.4% in the 4th quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company’s stock worth $25,000 after acquiring an additional 145 shares in the last quarter. Finally, Optiver Holding B.V. acquired a new position in shares of Itron in the 3rd quarter worth approximately $36,000. Institutional investors own 96.19% of the company’s stock.

Itron Stock Down 2.3%

ITRI stock opened at $99.56 on Friday. Itron has a twelve month low of $90.11 and a twelve month high of $142.00. The company has a quick ratio of 1.91, a current ratio of 2.17 and a debt-to-equity ratio of 0.46. The company has a market cap of $4.56 billion, a PE ratio of 17.91, a price-to-earnings-growth ratio of 0.58 and a beta of 1.48. The business’s 50-day simple moving average is $97.54 and its 200 day simple moving average is $112.76.

Itron Company Profile

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.