Itron (NASDAQ:ITRI) SVP Laurie Ann Pulatie-Hahn Sells 142 Shares

Itron, Inc. (NASDAQ:ITRI) SVP Laurie Ann Pulatie-Hahn sold 142 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $105.26, for a total value of $14,946.92. Following the transaction, the senior vice president directly owned 21,783 shares in the company, valued at $2,292,878.58. This trade represents a 0.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Laurie Ann Pulatie-Hahn also recently made the following trade(s):

• On Monday, November 24th, Laurie Ann Pulatie-Hahn sold 108 shares of Itron stock. The stock was sold at an average price of $96.51, for a total value of $10,423.08.

Itron Trading Down 2.7%

Itron stock traded down $2.58 during trading hours on Friday, reaching $93.16. 970,443 shares of the company’s stock traded hands, compared to its average volume of 571,000. Itron, Inc. has a fifty-two week low of $88.57 and a fifty-two week high of $142.00. The firm’s 50 day moving average is $97.92 and its 200-day moving average is $111.60. 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 $4.27 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 0.57 and a beta of 1.48.

Hedge Funds Weigh In On Itron

Large investors have recently bought and sold shares of the company. First Trust Advisors LP grew its stake in shares of Itron by 4.1% during the 4th quarter. First Trust Advisors LP now owns 793,175 shares of the scientific and technical instruments company’s stock worth $73,654,000 after acquiring an additional 31,088 shares in the last quarter. Headlands Technologies LLC acquired a new position in Itron during the fourth quarter worth $1,162,000. Van ECK Associates Corp acquired a new position in Itron during the fourth quarter worth $2,964,000. Vontobel Holding Ltd. grew its position in Itron by 2.3% in the fourth quarter. Vontobel Holding Ltd. now owns 333,016 shares of the scientific and technical instruments company’s stock valued at $30,924,000 after purchasing an additional 7,336 shares in the last quarter. Finally, SIR Capital Management L.P. increased its stake in Itron by 10.1% in the 4th quarter. SIR Capital Management L.P. now owns 27,750 shares of the scientific and technical instruments company’s stock valued at $2,577,000 after buying an additional 2,550 shares during the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ITRI. Johnson Rice upgraded Itron from an “accumulate” rating to a “buy” rating and set a $130.00 price target on the stock in a research report on Monday, January 5th. Guggenheim set a $155.00 target price on Itron in a research note on Friday. Argus restated a “hold” rating on shares of Itron in a research report on Tuesday, November 4th. Stephens raised Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 price target for the company in a research note on Monday, November 3rd. Finally, Wall Street Zen lowered shares of Itron from a “buy” rating to a “hold” rating in a research note on Wednesday, January 14th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $136.10.

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.