Moody Aldrich Partners LLC Has $4.28 Million Stake in Itron, Inc. (NASDAQ:ITRI)

Moody Aldrich Partners LLC trimmed its position in shares of Itron, Inc. (NASDAQ:ITRI) by 1.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,108 shares of the scientific and technical instruments company’s stock after selling 735 shares during the period. Moody Aldrich Partners LLC’s holdings in Itron were worth $4,284,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ITRI. GAMMA Investing LLC boosted its stake in Itron by 32.7% during the 1st quarter. GAMMA Investing LLC now owns 491 shares of the scientific and technical instruments company’s stock valued at $45,000 after purchasing an additional 121 shares during the period. Quarry LP boosted its position in shares of Itron by 53.0% in the second quarter. Quarry LP now owns 352 shares of the scientific and technical instruments company’s stock valued at $35,000 after acquiring an additional 122 shares during the period. Hexagon Capital Partners LLC boosted its position in shares of Itron by 85.6% in the second quarter. Hexagon Capital Partners LLC now owns 271 shares of the scientific and technical instruments company’s stock valued at $27,000 after acquiring an additional 125 shares during the period. Xponance Inc. grew its stake in shares of Itron by 5.1% in the second quarter. Xponance Inc. now owns 2,910 shares of the scientific and technical instruments company’s stock worth $288,000 after acquiring an additional 142 shares during the last quarter. Finally, Private Advisor Group LLC increased its position in Itron by 1.9% during the second quarter. Private Advisor Group LLC now owns 13,538 shares of the scientific and technical instruments company’s stock worth $1,340,000 after acquiring an additional 247 shares during the period. 96.19% of the stock is owned by institutional investors and hedge funds.

Itron Price Performance

NASDAQ:ITRI traded up $0.28 during mid-day trading on Thursday, reaching $102.64. 25,111 shares of the company were exchanged, compared to its average volume of 514,834. Itron, Inc. has a 12 month low of $56.11 and a 12 month high of $113.07. The stock has a market cap of $4.71 billion, a PE ratio of 29.41, a PEG ratio of 0.91 and a beta of 1.47. The company has a quick ratio of 2.61, a current ratio of 3.16 and a debt-to-equity ratio of 0.98. The company has a fifty day moving average of $102.88 and a 200 day moving average of $101.92.

Itron (NASDAQ:ITRI) last released its quarterly earnings results 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 net margin of 7.98% and a return on equity of 16.42%. The business had revenue of $609.07 million for the quarter, compared to analysts’ expectations of $599.25 million. During the same period in the prior year, the firm earned $0.65 earnings per share. Itron’s revenue was up 12.6% compared to the same quarter last year. On average, research analysts anticipate that Itron, Inc. will post 4.58 EPS for the current fiscal year.

Insider Activity

In related news, CEO Thomas Deitrich sold 37,500 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 205,276 shares in the company, valued at $21,519,083.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Donald L. Reeves III sold 4,210 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $101.00, for a total value of $425,210.00. Following the transaction, the senior vice president now owns 16,269 shares of the company’s stock, valued at $1,643,169. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction, the chief executive officer now owns 205,276 shares in the company, valued at $21,519,083.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,276 shares of company stock valued at $4,515,846. Company insiders own 1.45% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on ITRI shares. Robert W. Baird increased their price target on shares of Itron from $115.00 to $123.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Guggenheim upgraded shares of Itron from a “neutral” rating to a “buy” rating and set a $130.00 target price for the company in a research note on Thursday, July 11th. Janney Montgomery Scott initiated coverage on Itron in a research note on Friday, September 27th. They set a “buy” rating and a $131.00 price target on the stock. BNP Paribas initiated coverage on Itron in a research report on Thursday, September 5th. They issued an “outperform” rating and a $133.00 price objective for the company. Finally, StockNews.com cut Itron from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 28th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Itron currently has an average rating of “Moderate Buy” and a consensus target price of $119.67.

Itron Profile

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.