Itron, Inc. (NASDAQ:ITRI) major shareholder Scopia Capital Management Lp sold 18,859 shares of the stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $52.30, for a total value of $986,325.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Friday, November 16th, Scopia Capital Management Lp sold 55,178 shares of Itron stock. The shares were sold at an average price of $52.67, for a total value of $2,906,225.26.
  • On Thursday, November 8th, Scopia Capital Management Lp sold 4,153 shares of Itron stock. The shares were sold at an average price of $56.07, for a total value of $232,858.71.
  • On Tuesday, November 13th, Scopia Capital Management Lp sold 76,694 shares of Itron stock. The shares were sold at an average price of $53.64, for a total value of $4,113,866.16.

Shares of Itron stock opened at $51.49 on Thursday. Itron, Inc. has a 1 year low of $49.59 and a 1 year high of $77.40. The firm has a market cap of $2.08 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 0.86 and a beta of 1.10. The company has a quick ratio of 1.07, a current ratio of 1.41 and a debt-to-equity ratio of 1.41.

Itron (NASDAQ:ITRI) last announced its earnings results on Monday, November 5th. The scientific and technical instruments company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.24. Itron had a positive return on equity of 15.20% and a negative net margin of 5.19%. The firm had revenue of $595.96 million during the quarter, compared to analyst estimates of $604.98 million. During the same period last year, the firm posted $0.77 EPS. The business’s revenue was up 22.4% compared to the same quarter last year. Equities analysts expect that Itron, Inc. will post 2.46 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. Scopia Capital Management LP increased its position in shares of Itron by 5.0% during the 2nd quarter. Scopia Capital Management LP now owns 5,484,889 shares of the scientific and technical instruments company’s stock valued at $329,368,000 after purchasing an additional 262,749 shares during the last quarter. Northern Trust Corp increased its position in shares of Itron by 1.4% during the 2nd quarter. Northern Trust Corp now owns 463,790 shares of the scientific and technical instruments company’s stock valued at $27,852,000 after purchasing an additional 6,409 shares during the last quarter. Putnam Investments LLC increased its position in shares of Itron by 23.2% during the 2nd quarter. Putnam Investments LLC now owns 72,345 shares of the scientific and technical instruments company’s stock valued at $4,345,000 after purchasing an additional 13,600 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Itron by 70.2% during the 2nd quarter. SG Americas Securities LLC now owns 19,436 shares of the scientific and technical instruments company’s stock valued at $1,167,000 after purchasing an additional 8,015 shares during the last quarter. Finally, Zebra Capital Management LLC purchased a new stake in shares of Itron during the 2nd quarter valued at $431,000. 92.35% of the stock is owned by hedge funds and other institutional investors.

ITRI has been the subject of a number of analyst reports. ValuEngine lowered Itron from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. BidaskClub raised Itron from a “strong sell” rating to a “sell” rating in a research report on Friday, August 24th. Zacks Investment Research lowered Itron from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. Cowen set a $80.00 price target on Itron and gave the company a “buy” rating in a research report on Monday, August 6th. Finally, Argus lowered Itron from a “buy” rating to a “hold” rating in a research report on Thursday, November 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company’s stock. Itron presently has a consensus rating of “Buy” and an average target price of $77.00.

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Itron Company Profile

Itron, Inc, a technology company, provides end-to-end solutions that measures, manages, and analyzes energy and water use worldwide. The company operates through three segments: Electricity, Gas, and Water. It offers standard electromechanical and electronic, gas, and water and heat meters; and smart electricity, gas, and water meters and communication modules.

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Insider Buying and Selling by Quarter for Itron (NASDAQ:ITRI)

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