Itron Inc. (ITRI) Director Sells $56,980.00 in Stock
Itron Inc. (NASDAQ:ITRI) Director Jon E. Eliassen sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, October 6th. The stock was sold at an average price of $56.98, for a total transaction of $56,980.00. Following the completion of the transaction, the director now directly owns 16,492 shares of the company’s stock, valued at approximately $939,714.16. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Itron Inc. (NASDAQ:ITRI) opened at 56.31 on Friday. Itron Inc. has a 52 week low of $29.02 and a 52 week high of $57.25. The stock has a 50 day moving average of $52.99 and a 200-day moving average of $45.30. The stock has a market cap of $2.15 billion, a PE ratio of 42.09 and a beta of 1.44.
Itron (NASDAQ:ITRI) last released its earnings results on Thursday, September 1st. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.22. Itron had a net margin of 2.62% and a return on equity of 10.94%. The company had revenue of $513.02 million for the quarter. During the same quarter in the previous year, the business posted ($0.39) EPS. Itron’s revenue was up 9.0% on a year-over-year basis. Equities research analysts predict that Itron Inc. will post $2.37 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in ITRI. Aperio Group LLC boosted its stake in Itron by 2.7% in the first quarter. Aperio Group LLC now owns 42,785 shares of the company’s stock worth $1,785,000 after buying an additional 1,133 shares during the last quarter. Pacad Investment Ltd. purchased a new stake in Itron during the first quarter worth approximately $242,000. Prudential Financial Inc. boosted its stake in Itron by 1.7% in the first quarter. Prudential Financial Inc. now owns 94,901 shares of the company’s stock worth $3,959,000 after buying an additional 1,570 shares during the last quarter. BlackRock Fund Advisors boosted its stake in Itron by 1.0% in the first quarter. BlackRock Fund Advisors now owns 2,418,347 shares of the company’s stock worth $100,893,000 after buying an additional 24,259 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in Itron by 6.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,036,667 shares of the company’s stock worth $43,250,000 after buying an additional 58,844 shares during the last quarter. Institutional investors own 96.92% of the company’s stock.
A number of equities analysts have commented on the stock. Robert W. Baird set a $56.00 price target on shares of Itron and gave the stock a “buy” rating in a research note on Sunday, September 4th. Needham & Company LLC boosted their price target on shares of Itron from $46.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, September 2nd. Zacks Investment Research cut shares of Itron from a “buy” rating to a “hold” rating in a research note on Tuesday, July 5th. Cowen and Company reissued a “market perform” rating and issued a $50.00 price target (up previously from $45.00) on shares of Itron in a research note on Sunday, September 4th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $57.00 price target (up previously from $50.00) on shares of Itron in a research note on Friday, September 2nd. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Itron has a consensus rating of “Buy” and a consensus price target of $54.71.
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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