Itron, Inc. $ITRI Shares Sold by Guinness Asset Management LTD

Guinness Asset Management LTD reduced its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 8.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,228 shares of the scientific and technical instruments company’s stock after selling 8,295 shares during the quarter. Guinness Asset Management LTD’s holdings in Itron were worth $11,203,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of ITRI. KLP Kapitalforvaltning AS raised its position in shares of Itron by 8.0% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 9,400 shares of the scientific and technical instruments company’s stock worth $1,237,000 after buying an additional 700 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Itron by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 21,300 shares of the scientific and technical instruments company’s stock valued at $2,804,000 after acquiring an additional 100 shares during the period. REAP Financial Group LLC raised its holdings in Itron by 168.4% during the second quarter. REAP Financial Group LLC now owns 424 shares of the scientific and technical instruments company’s stock worth $56,000 after purchasing an additional 266 shares in the last quarter. Maryland State Retirement & Pension System lifted its position in Itron by 2.0% in the second quarter. Maryland State Retirement & Pension System now owns 13,398 shares of the scientific and technical instruments company’s stock worth $1,764,000 after purchasing an additional 260 shares during the period. Finally, CWM LLC lifted its position in Itron by 8.9% in the second quarter. CWM LLC now owns 2,441 shares of the scientific and technical instruments company’s stock worth $321,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 96.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Weiss Ratings cut Itron from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Robert W. Baird reiterated a “neutral” rating and issued a $118.00 target price (down from $137.00) on shares of Itron in a report on Friday, October 31st. Johnson Rice raised Itron from an “accumulate” rating to a “buy” rating and set a $130.00 target price for the company in a research report on Monday, January 5th. Zacks Research cut shares of Itron from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 28th. Finally, Oppenheimer reduced their price objective on Itron from $145.00 to $125.00 and set an “outperform” rating for the company in a research report on Tuesday, January 27th. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $136.10.

Itron Trading Down 2.3%

Itron stock opened at $99.56 on Friday. Itron, Inc. has a 52 week low of $90.11 and a 52 week high of $142.00. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.91 and a current ratio of 2.17. The firm has a market capitalization of $4.56 billion, a PE ratio of 17.91, a PEG 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.

Insider Buying and Selling

In related news, SVP Christopher E. Ware sold 343 shares of the business’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $96.51, for a total transaction of $33,102.93. Following the transaction, the senior vice president owned 18,774 shares of the company’s stock, valued at approximately $1,811,878.74. The trade was a 1.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP John F. Marcolini sold 553 shares of the stock in a transaction on Monday, November 24th. The shares were sold at an average price of $96.51, for a total transaction of $53,370.03. Following the completion of the sale, the senior vice president directly owned 13,843 shares of the company’s stock, valued at approximately $1,335,987.93. This trade represents a 3.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 2,971 shares of company stock worth $286,731. 1.45% of the stock is currently owned by company insiders.

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.