Itron, Inc. (NASDAQ:ITRI) Receives Consensus Rating of “Moderate Buy” from Analysts

Itron, Inc. (NASDAQ:ITRI) has earned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $136.10.

Several brokerages recently issued reports on ITRI. Argus reiterated a “hold” rating on shares of Itron in a research note on Tuesday, November 4th. Weiss Ratings downgraded Itron from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Johnson Rice raised Itron from an “accumulate” rating to a “buy” rating and set a $130.00 target price on the stock in a report on Monday, January 5th. Robert W. Baird reaffirmed a “neutral” rating and issued a $118.00 price target (down previously from $137.00) on shares of Itron in a research note on Friday, October 31st. Finally, Oppenheimer cut their price objective on shares of Itron from $145.00 to $125.00 and set an “outperform” rating for the company in a research report on Tuesday.

Insider Buying and Selling at Itron

In other Itron news, SVP John F. Marcolini sold 553 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $96.51, for a total transaction of $53,370.03. Following the completion of the sale, the senior vice president directly owned 13,843 shares in the company, valued at $1,335,987.93. This represents a 3.84% 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. Also, CFO Joan S. Hooper sold 948 shares of Itron stock in a transaction on Monday, November 24th. The shares were sold at an average price of $96.51, for a total value of $91,491.48. Following the completion of the transaction, the chief financial officer owned 87,446 shares in the company, valued at approximately $8,439,413.46. The trade was a 1.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,971 shares of company stock worth $286,731 in the last three months. Company insiders own 1.45% of the company’s stock.

Institutional Trading of Itron

Large investors have recently bought and sold shares of the business. Pictet Asset Management Holding SA lifted its stake in shares of Itron by 8.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 6,372 shares of the scientific and technical instruments company’s stock valued at $592,000 after acquiring an additional 523 shares during the last quarter. Inscription Capital LLC bought a new stake in shares of Itron during the fourth quarter worth about $297,000. Peregrine Capital Management LLC increased its stake in shares of Itron by 19.3% in the fourth quarter. Peregrine Capital Management LLC now owns 103,474 shares of the scientific and technical instruments company’s stock valued at $9,609,000 after buying an additional 16,742 shares during the period. Graphene Investments SAS raised its holdings in Itron by 13.1% in the 4th quarter. Graphene Investments SAS now owns 29,400 shares of the scientific and technical instruments company’s stock valued at $2,730,000 after buying an additional 3,400 shares during the last quarter. Finally, Private Trust Co. NA boosted its position in Itron by 112.4% during the 4th quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company’s stock worth $25,000 after buying an additional 145 shares during the period. 96.19% of the stock is owned by institutional investors and hedge funds.

Itron Stock Performance

NASDAQ ITRI opened at $100.19 on Friday. The firm has a 50-day moving average price of $97.23 and a two-hundred day moving average price of $114.00. Itron has a 12-month low of $90.11 and a 12-month high of $142.00. The company has a market capitalization of $4.59 billion, a P/E ratio of 18.02, a P/E/G ratio of 0.57 and a beta of 1.49. The company has a quick ratio of 1.91, a current ratio of 2.17 and a debt-to-equity ratio of 0.46.

Itron (NASDAQ:ITRI) last announced its earnings results on Thursday, October 30th. The scientific and technical instruments company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.48 by $0.06. Itron had a net margin of 10.69% and a return on equity of 17.82%. The company had revenue of $581.63 million for the quarter, compared to analysts’ expectations of $578.49 million. During the same period last year, the firm earned $1.84 earnings per share. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. Analysts anticipate that Itron will post 5.33 earnings per share for the current year.

Itron Company Profile

Itron, Inc (NASDAQ: ITRI) is a global technology company that develops innovative solutions to measure, manage and analyze the use of energy and water. Its comprehensive portfolio includes smart meters, data collection devices, communication networks and advanced software applications designed to optimize utility operations and foster sustainable resource management. The company’s offerings enable utilities and cities to accurately monitor consumption patterns, streamline billing processes and improve grid reliability.

Itron’s product lineup spans a range of hardware and software solutions, from residential and commercial smart meters to meter data management systems (MDMS), networked communication platforms and analytics tools.