Guinness Atkinson Asset Management Inc Has $936,000 Stock Holdings in Itron, Inc. (NASDAQ:ITRI)

Guinness Atkinson Asset Management Inc decreased its position in Itron, Inc. (NASDAQ:ITRI) by 9.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,619 shares of the scientific and technical instruments company’s stock after selling 936 shares during the period. Guinness Atkinson Asset Management Inc’s holdings in Itron were worth $936,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Erste Asset Management GmbH bought a new position in Itron during the third quarter worth about $38,534,000. Handelsbanken Fonder AB lifted its holdings in shares of Itron by 62.7% during the 3rd quarter. Handelsbanken Fonder AB now owns 899,789 shares of the scientific and technical instruments company’s stock valued at $96,106,000 after purchasing an additional 346,615 shares in the last quarter. Select Equity Group L.P. lifted its holdings in shares of Itron by 86.2% during the 2nd quarter. Select Equity Group L.P. now owns 603,877 shares of the scientific and technical instruments company’s stock valued at $59,760,000 after purchasing an additional 279,629 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Itron by 90.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 511,734 shares of the scientific and technical instruments company’s stock valued at $54,658,000 after purchasing an additional 243,355 shares during the period. Finally, Franklin Resources Inc. increased its stake in Itron by 611.9% during the 3rd quarter. Franklin Resources Inc. now owns 282,828 shares of the scientific and technical instruments company’s stock worth $31,128,000 after purchasing an additional 243,102 shares in the last quarter. Institutional investors own 96.19% of the company’s stock.

Itron Stock Up 0.9 %

ITRI stock opened at $105.36 on Monday. The company has a market cap of $4.75 billion, a price-to-earnings ratio of 21.59, a P/E/G ratio of 0.85 and a beta of 1.47. Itron, Inc. has a twelve month low of $69.23 and a twelve month high of $124.90. The business has a 50 day moving average price of $112.52 and a two-hundred day moving average price of $106.67. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91.

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

Wall Street Analyst Weigh In

ITRI has been the subject of several research analyst reports. Oppenheimer upped their price target on shares of Itron from $120.00 to $124.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Guggenheim upped their target price on shares of Itron from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Roth Mkm increased their target price on Itron from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Janney Montgomery Scott initiated coverage on Itron in a report on Friday, September 27th. They issued a “buy” rating and a $131.00 price target on the stock. Finally, TD Cowen increased their price objective on Itron from $125.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Three equities 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $123.92.

Itron Company 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.