Itron, Inc. (NASDAQ:ITRI) major shareholder Scopia Capital Management Lp acquired 13,480 shares of the stock in a transaction on Tuesday, December 12th. The shares were purchased at an average price of $69.32 per share, for a total transaction of $934,433.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Scopia Capital Management Lp also recently made the following trade(s):

  • On Wednesday, December 6th, Scopia Capital Management Lp acquired 75,193 shares of Itron stock. The shares were purchased at an average price of $67.34 per share, for a total transaction of $5,063,496.62.
  • On Friday, December 8th, Scopia Capital Management Lp acquired 541,753 shares of Itron stock. The shares were purchased at an average price of $69.44 per share, for a total transaction of $37,619,328.32.

Shares of Itron, Inc. (NASDAQ:ITRI) traded up $1.10 during midday trading on Wednesday, hitting $70.55. The company had a trading volume of 256,200 shares, compared to its average volume of 207,042. The company has a market capitalization of $2,689.47, a PE ratio of 25.44, a P/E/G ratio of 1.11 and a beta of 1.00. The company has a quick ratio of 1.26, a current ratio of 1.67 and a debt-to-equity ratio of 0.38. Itron, Inc. has a 52 week low of $57.80 and a 52 week high of $79.95.

Itron (NASDAQ:ITRI) last released its quarterly earnings data on Wednesday, November 1st. The scientific and technical instruments company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.12). The business had revenue of $486.75 million during the quarter, compared to analyst estimates of $526.55 million. Itron had a net margin of 3.42% and a return on equity of 14.84%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the business earned $0.77 earnings per share. research analysts anticipate that Itron, Inc. will post 2.99 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in ITRI. US Bancorp DE boosted its stake in Itron by 390.8% in the second quarter. US Bancorp DE now owns 5,310 shares of the scientific and technical instruments company’s stock valued at $360,000 after buying an additional 4,228 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in Itron by 13.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 12,210 shares of the scientific and technical instruments company’s stock valued at $828,000 after buying an additional 1,400 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in Itron by 4.5% in the second quarter. Great West Life Assurance Co. Can now owns 49,295 shares of the scientific and technical instruments company’s stock valued at $3,337,000 after buying an additional 2,120 shares in the last quarter. Texas Permanent School Fund boosted its stake in Itron by 1.7% in the second quarter. Texas Permanent School Fund now owns 24,550 shares of the scientific and technical instruments company’s stock valued at $1,663,000 after buying an additional 408 shares in the last quarter. Finally, Global X Management Co. LLC boosted its stake in Itron by 31.5% in the second quarter. Global X Management Co. LLC now owns 14,751 shares of the scientific and technical instruments company’s stock valued at $999,000 after buying an additional 3,536 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently commented on the company. Argus restated a “buy” rating and issued a $80.00 price target (up previously from $78.00) on shares of Itron in a research report on Tuesday, September 12th. Zacks Investment Research upgraded Itron from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a research report on Monday, September 11th. JMP Securities set a $102.00 price target on Itron and gave the stock a “buy” rating in a research report on Thursday, October 12th. Needham & Company LLC restated a “buy” rating and issued a $84.00 price target on shares of Itron in a research report on Friday, November 3rd. Finally, BidaskClub upgraded Itron from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $81.78.

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Itron Company Profile

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. It provides a portfolio of products, solutions, software and services to electric, gas and water utility customers across the globe.

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