Itron, Inc. (NASDAQ:ITRI) Shares Sold by KBC Group NV

KBC Group NV lowered its holdings in Itron, Inc. (NASDAQ:ITRI) by 41.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,738 shares of the scientific and technical instruments company’s stock after selling 60,484 shares during the period. KBC Group NV’s holdings in Itron were worth $9,309,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Quarry LP boosted its position in Itron by 53.0% in the 2nd quarter. Quarry LP now owns 352 shares of the scientific and technical instruments company’s stock valued at $35,000 after buying an additional 122 shares during the period. Continuum Advisory LLC boosted its holdings in Itron by 42.1% in the third quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company’s stock valued at $40,000 after purchasing an additional 102 shares during the period. Covestor Ltd grew its stake in Itron by 26.1% during the 3rd quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company’s stock worth $57,000 after purchasing an additional 111 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Itron by 21.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the scientific and technical instruments company’s stock worth $77,000 after purchasing an additional 129 shares during the period. Finally, Contravisory Investment Management Inc. boosted its stake in shares of Itron by 154.9% in the 4th quarter. Contravisory Investment Management Inc. now owns 864 shares of the scientific and technical instruments company’s stock valued at $94,000 after buying an additional 525 shares during the period. 96.19% of the stock is owned by hedge funds and other institutional investors.

Itron Trading Up 0.3 %

NASDAQ ITRI opened at $105.90 on Thursday. Itron, Inc. has a one year low of $71.00 and a one year high of $124.90. The firm has a market cap of $4.78 billion, a PE ratio of 21.70, a P/E/G ratio of 0.88 and a beta of 1.47. The firm’s fifty day moving average is $110.69 and its two-hundred day moving average is $106.95. 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 posted its quarterly earnings data on Thursday, October 31st. The scientific and technical instruments company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.13 by $0.71. Itron had a return on equity of 19.03% and a net margin of 9.37%. The firm had revenue of $615.46 million during the quarter, compared to the consensus estimate of $596.41 million. During the same period in the prior year, the business earned $0.98 EPS. The firm’s revenue was up 9.8% compared to the same quarter last year. Analysts expect that Itron, Inc. will post 5.33 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ITRI. Roth Mkm upped their target price on shares of Itron from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Guggenheim increased their price objective on shares of Itron from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. TD Cowen lifted their price objective on shares of Itron from $125.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Piper Sandler increased their target price on Itron from $110.00 to $119.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Oppenheimer lifted their price target on Itron from $120.00 to $124.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Itron currently has an average rating of “Moderate Buy” and an average target price of $123.92.

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.