Itron, Inc. (NASDAQ:ITRI) major shareholder Scopia Capital Management Lp bought 2,160 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were purchased at an average cost of $69.91 per share, with a total value of $151,005.60. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Scopia Capital Management Lp also recently made the following trade(s):

  • On Tuesday, December 12th, Scopia Capital Management Lp purchased 13,480 shares of Itron stock. The stock was bought at an average price of $69.32 per share, with a total value of $934,433.60.
  • On Wednesday, December 6th, Scopia Capital Management Lp purchased 75,193 shares of Itron stock. The stock was bought at an average price of $67.34 per share, with a total value of $5,063,496.62.
  • On Friday, December 8th, Scopia Capital Management Lp purchased 541,753 shares of Itron stock. The stock was bought at an average price of $69.44 per share, with a total value of $37,619,328.32.

Shares of Itron, Inc. (ITRI) traded up $0.05 during midday trading on Monday, reaching $71.25. The company’s stock had a trading volume of 317,155 shares, compared to its average volume of 211,845. Itron, Inc. has a 12-month low of $57.80 and a 12-month high of $79.95. The firm has a market cap of $2,757.22, a price-to-earnings ratio of 26.08, a PEG ratio of 1.13 and a beta of 1.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.67 and a quick ratio of 1.26.

Itron (NASDAQ:ITRI) last announced its quarterly earnings data on Wednesday, November 1st. The scientific and technical instruments company reported $0.77 EPS for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.12). Itron had a return on equity of 14.84% and a net margin of 3.42%. The business had revenue of $486.75 million for the quarter, compared to analyst estimates of $526.55 million. During the same quarter in the previous year, the business posted $0.77 earnings per share. The company’s revenue was down 4.0% compared to the same quarter last year. equities research analysts forecast that Itron, Inc. will post 2.99 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake in shares of Itron by 2.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,610 shares of the scientific and technical instruments company’s stock worth $109,000 after purchasing an additional 31 shares in the last quarter. Pacad Investment Ltd. raised its stake in shares of Itron by 21.4% during the 2nd quarter. Pacad Investment Ltd. now owns 1,700 shares of the scientific and technical instruments company’s stock worth $115,000 after purchasing an additional 300 shares in the last quarter. Riverhead Capital Management LLC raised its stake in shares of Itron by 74.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,097 shares of the scientific and technical instruments company’s stock worth $142,000 after purchasing an additional 897 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Itron during the 3rd quarter worth about $152,000. Finally, Royal Bank of Canada raised its stake in shares of Itron by 10.9% during the 2nd quarter. Royal Bank of Canada now owns 3,042 shares of the scientific and technical instruments company’s stock worth $206,000 after purchasing an additional 299 shares in the last quarter. 93.74% of the stock is owned by institutional investors.

A number of research firms recently weighed in on ITRI. Canaccord Genuity reiterated a “hold” rating and issued a $78.00 price target on shares of Itron in a research report on Friday, October 6th. JMP Securities set a $102.00 price target on Itron and gave the company a “buy” rating in a research report on Thursday, October 12th. Zacks Investment Research lowered Itron from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. Finally, Argus reiterated a “buy” rating and issued a $80.00 price target (up previously from $78.00) on shares of Itron in a research report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $81.78.

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About Itron

Itron, Inc (Itron) is a technology and service company. The Company provides solutions that measure, manage and analyze energy and water use. The Company operates through three segments: Electricity, Gas and Water. It provides a portfolio of products, solutions, software and services to electric, gas and water utility customers across the globe.

Insider Buying and Selling by Quarter for Itron (NASDAQ:ITRI)

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