Itron, Inc. (NASDAQ:ITRI) Stock Holdings Increased by Creative Planning

Creative Planning grew its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 17.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 15,677 shares of the scientific and technical instruments company’s stock after acquiring an additional 2,284 shares during the quarter. Creative Planning’s holdings in Itron were worth $1,674,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of ITRI. Hexagon Capital Partners LLC lifted its holdings in Itron by 85.6% in the second quarter. Hexagon Capital Partners LLC now owns 271 shares of the scientific and technical instruments company’s stock worth $27,000 after purchasing an additional 125 shares during the period. Quarry LP raised its position in shares of Itron by 53.0% during the 2nd quarter. Quarry LP now owns 352 shares of the scientific and technical instruments company’s stock worth $35,000 after buying an additional 122 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Itron by 46.6% in the 2nd quarter. GAMMA Investing LLC now owns 720 shares of the scientific and technical instruments company’s stock worth $71,000 after acquiring an additional 229 shares during the period. CWM LLC boosted its holdings in shares of Itron by 315.6% in the second quarter. CWM LLC now owns 881 shares of the scientific and technical instruments company’s stock valued at $87,000 after acquiring an additional 669 shares in the last quarter. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Itron during the second quarter valued at approximately $129,000. Institutional investors own 96.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ITRI. Janney Montgomery Scott started coverage on Itron in a research report on Friday, September 27th. They issued a “buy” rating and a $131.00 target price for the company. TD Cowen upped their price objective on Itron from $115.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Stephens reaffirmed an “equal weight” rating and set a $110.00 target price on shares of Itron in a report on Monday, August 5th. BNP Paribas assumed coverage on shares of Itron in a report on Thursday, September 5th. They issued an “outperform” rating and a $133.00 price target for the company. Finally, Piper Sandler raised their price objective on shares of Itron from $109.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $119.67.

Insider Transactions at Itron

In related news, SVP Donald L. Reeves III sold 4,210 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $101.00, for a total transaction of $425,210.00. Following the transaction, the senior vice president now directly owns 16,269 shares of the company’s stock, valued at approximately $1,643,169. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Donald L. Reeves III sold 4,210 shares of the firm’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 sale, the senior vice president now directly owns 16,269 shares in the company, valued at approximately $1,643,169. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Joan S. Hooper sold 509 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $102.15, for a total transaction of $51,994.35. Following the completion of the transaction, the chief financial officer now owns 72,338 shares in the company, valued at approximately $7,389,326.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,276 shares of company stock valued at $4,515,846 over the last quarter. Company insiders own 1.45% of the company’s stock.

Itron Price Performance

ITRI stock opened at $104.35 on Wednesday. The firm has a 50-day moving average of $103.22 and a two-hundred day moving average of $102.25. The firm has a market capitalization of $4.79 billion, a PE ratio of 29.93, a P/E/G ratio of 0.85 and a beta of 1.47. The company has a current ratio of 3.16, a quick ratio of 2.61 and a debt-to-equity ratio of 0.98. Itron, Inc. has a one year low of $56.11 and a one year high of $113.07.

Itron (NASDAQ:ITRI) last issued its quarterly earnings results on Thursday, August 1st. The scientific and technical instruments company reported $1.21 EPS for the quarter, beating the consensus estimate of $0.96 by $0.25. Itron had a net margin of 7.98% and a return on equity of 16.42%. The business had revenue of $609.07 million during the quarter, compared to the consensus estimate of $599.25 million. During the same quarter in the prior year, the firm earned $0.65 EPS. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. On average, analysts forecast that Itron, Inc. will post 4.58 earnings per share for the current year.

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.