Itron Inc. (NASDAQ:ITRI) CFO William Mark Schmitz sold 418 shares of the company’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $53.15, for a total transaction of $22,216.70. Following the completion of the transaction, the chief financial officer now owns 16,383 shares of the company’s stock, valued at approximately $870,756.45. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of Itron Inc. (NASDAQ:ITRI) traded up 2.03% during trading on Wednesday, reaching $55.26. 224,976 shares of the company’s stock were exchanged. The company’s 50-day moving average is $49.30 and its 200 day moving average is $44.12. Itron Inc. has a 52 week low of $29.02 and a 52 week high of $55.31. The stock has a market capitalization of $2.11 billion, a PE ratio of 41.30 and a beta of 1.66.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Thursday, September 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.22. The company had revenue of $513.02 million for the quarter. Itron had a net margin of 2.62% and a return on equity of 10.94%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.39) EPS. On average, analysts forecast that Itron Inc. will post $2.33 earnings per share for the current year.

Several research analysts have recently issued reports on ITRI shares. Zacks Investment Research cut shares of Itron from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. Canaccord Genuity restated a “buy” rating and issued a $57.00 target price (up previously from $50.00) on shares of Itron in a report on Friday, September 2nd. Cowen and Company restated a “market perform” rating and issued a $50.00 target price (up previously from $45.00) on shares of Itron in a report on Sunday, September 4th. Needham & Company LLC upped their target price on shares of Itron from $46.00 to $60.00 and gave the company a “buy” rating in a report on Friday, September 2nd. Finally, Robert W. Baird set a $56.00 target price on shares of Itron and gave the company a “buy” rating in a report on Sunday, September 4th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $52.25.

Several hedge funds have recently bought and sold shares of the stock. Scopia Capital Management LP raised its stake in Itron by 26.6% in the first quarter. Scopia Capital Management LP now owns 4,475,083 shares of the company’s stock worth $186,700,000 after buying an additional 940,900 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in Itron by 164.6% in the first quarter. UBS Asset Management Americas Inc. now owns 742,060 shares of the company’s stock worth $30,959,000 after buying an additional 461,562 shares in the last quarter. Frontier Capital Management Co. LLC raised its stake in Itron by 35.0% in the second quarter. Frontier Capital Management Co. LLC now owns 1,773,931 shares of the company’s stock worth $76,456,000 after buying an additional 459,922 shares in the last quarter. Vanguard Group Inc. raised its stake in Itron by 9.0% in the second quarter. Vanguard Group Inc. now owns 3,145,447 shares of the company’s stock worth $135,568,000 after buying an additional 260,300 shares in the last quarter. Finally, Robecosam AG purchased a new stake in Itron during the second quarter worth about $9,642,000. Institutional investors own 96.92% of the company’s stock.

About Itron

Itron, Inc (Itron) is a technology and service company. The Company provides solutions that measure, manage, and analyze energy and water use. The Company operates through three segments: Electricity, Gas and Water. The Company is the supplier of electricity metering solutions, including standard meters and advanced and smart metering systems.

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