Nicola Wealth Management LTD. Has $3.85 Million Holdings in Itron, Inc. (NASDAQ:ITRI)

Nicola Wealth Management LTD. cut its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 5.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,000 shares of the scientific and technical instruments company’s stock after selling 2,000 shares during the period. Nicola Wealth Management LTD. owned approximately 0.08% of Itron worth $3,845,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ITRI. Saturna Capital Corp grew its stake in Itron by 6.1% in the third quarter. Saturna Capital Corp now owns 7,213 shares of the scientific and technical instruments company’s stock valued at $770,000 after acquiring an additional 413 shares during the period. Victory Capital Management Inc. grew its stake in Itron by 41.6% in the third quarter. Victory Capital Management Inc. now owns 283,728 shares of the scientific and technical instruments company’s stock valued at $30,305,000 after acquiring an additional 83,328 shares during the period. Entropy Technologies LP acquired a new position in Itron in the third quarter valued at about $502,000. Chartwell Investment Partners LLC acquired a new position in Itron in the third quarter valued at about $1,891,000. Finally, Peregrine Asset Advisers Inc. grew its stake in Itron by 1.8% in the third quarter. Peregrine Asset Advisers Inc. now owns 21,664 shares of the scientific and technical instruments company’s stock valued at $2,314,000 after acquiring an additional 393 shares during the period. 96.19% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Donald L. Reeves III sold 4,210 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $101.00, for a total transaction of $425,210.00. Following the completion of the transaction, the senior vice president now directly owns 16,269 shares of the company’s stock, valued at $1,643,169. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Itron news, SVP Donald L. Reeves III sold 4,210 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $101.00, for a total value of $425,210.00. Following the completion of the transaction, the senior vice president now directly owns 16,269 shares in the company, valued at $1,643,169. This represents a 0.00 % decrease in their ownership of the stock. 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 company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $104.83, for a total transaction of $3,931,125.00. Following the completion of the transaction, the chief executive officer now owns 205,276 shares of the company’s stock, valued at approximately $21,519,083.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,276 shares of company stock valued at $4,517,947. Corporate insiders own 1.45% of the company’s stock.

Itron Trading Down 1.0 %

NASDAQ:ITRI traded down $1.16 during trading hours on Thursday, reaching $118.11. The company’s stock had a trading volume of 102,044 shares, compared to its average volume of 522,272. The firm has a market capitalization of $5.33 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 0.91 and a beta of 1.46. The firm has a 50-day simple moving average of $107.11 and a 200-day simple moving average of $104.22. Itron, Inc. has a 1 year low of $64.96 and a 1 year high of $124.90. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.83 and a current ratio of 3.36.

Itron (NASDAQ:ITRI) last released its quarterly earnings data on Thursday, October 31st. The scientific and technical instruments company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.71. Itron had a net margin of 9.37% and a return on equity of 19.03%. The firm had revenue of $615.46 million for the quarter, compared to analysts’ expectations of $596.41 million. During the same quarter in the previous year, the company earned $0.98 earnings per share. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. Research analysts expect that Itron, Inc. will post 5.33 EPS for the current fiscal year.

Analyst Ratings Changes

ITRI has been the subject of several recent research reports. Oppenheimer upped their price objective on Itron from $120.00 to $124.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. BNP Paribas assumed coverage on Itron in a report on Thursday, September 5th. They set an “outperform” rating and a $133.00 target price on the stock. Piper Sandler upped their price objective on Itron from $110.00 to $119.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Roth Mkm increased their target price on Itron from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Stephens reissued an “equal weight” rating and set a $110.00 price target on shares of Itron in a research report on Monday, August 5th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.92.

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.