Insider Selling: Itron, Inc. (NASDAQ:ITRI) CEO Sells 37,500 Shares of Stock

Itron, Inc. (NASDAQ:ITRI) CEO Thomas Deitrich sold 37,500 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $104.83, for a total value of $3,931,125.00. Following the completion of the sale, the chief executive officer now directly owns 205,276 shares of the company’s stock, valued at $21,519,083.08. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Thomas Deitrich also recently made the following trade(s):

• On Monday, August 26th, Thomas Deitrich sold 887 shares of Itron stock. The stock was sold at an average price of $102.15, for a total value of $90,607.05.

Itron Trading Up 1.3 %

Itron stock opened at $104.93 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 3.16 and a quick ratio of 2.61. Itron, Inc. has a one year low of $56.11 and a one year high of $113.07. The stock has a market capitalization of $4.81 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 0.90 and a beta of 1.47. The business’s fifty day moving average is $101.16 and its 200 day moving average is $100.50.

Itron (NASDAQ:ITRI) last released its quarterly earnings data on Thursday, August 1st. The scientific and technical instruments company reported $1.21 EPS for the quarter, beating the consensus estimate of $0.96 by $0.25. Itron had a return on equity of 16.42% and a net margin of 7.98%. The company had revenue of $609.07 million for the quarter, compared to analysts’ expectations of $599.25 million. During the same period last year, the firm posted $0.65 earnings per share. Itron’s revenue was up 12.6% compared to the same quarter last year. On average, sell-side analysts predict that Itron, Inc. will post 4.59 EPS for the current year.

Institutional Trading of Itron

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC bought a new stake in Itron during the 1st quarter valued at approximately $2,002,000. Commonwealth Equity Services LLC bought a new stake in Itron in the 1st quarter worth approximately $1,076,000. Jupiter Asset Management Ltd. bought a new stake in Itron in the 1st quarter worth approximately $2,029,000. Oppenheimer & Co. Inc. increased its stake in Itron by 91.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 30,568 shares of the scientific and technical instruments company’s stock worth $2,308,000 after acquiring an additional 14,573 shares during the last quarter. Finally, UniSuper Management Pty Ltd bought a new stake in Itron in the 1st quarter worth approximately $904,000. Institutional investors own 96.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. TD Cowen increased their price objective on Itron from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Roth Mkm reiterated a “buy” rating and issued a $125.00 price objective on shares of Itron in a report on Wednesday, August 21st. Oppenheimer increased their price objective on Itron from $110.00 to $112.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. Guggenheim upgraded Itron from a “neutral” rating to a “buy” rating and set a $130.00 price target for the company in a report on Thursday, July 11th. Finally, Stephens restated an “equal weight” rating and set a $110.00 price target on shares of Itron in a report on Monday, August 5th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $119.67.

About Itron

Itron, Inc, a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing, such as standard gas, electricity, water, and communicating meters, as well as heat and allocation products.