Pathstone Holdings LLC Sells 602 Shares of Itron, Inc. (NASDAQ:ITRI)

Pathstone Holdings LLC lowered its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 2.7% during the third quarter, HoldingsChannel reports. The firm owned 22,073 shares of the scientific and technical instruments company’s stock after selling 602 shares during the quarter. Pathstone Holdings LLC’s holdings in Itron were worth $2,358,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Hexagon Capital Partners LLC raised its position in Itron by 85.6% during the second quarter. Hexagon Capital Partners LLC now owns 271 shares of the scientific and technical instruments company’s stock worth $27,000 after acquiring an additional 125 shares in the last quarter. Quarry LP raised its holdings in shares of 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 purchasing an additional 122 shares during the period. Covestor Ltd lifted its stake in Itron by 26.1% in the 3rd quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company’s stock valued at $57,000 after purchasing an additional 111 shares during the last quarter. GAMMA Investing LLC grew its holdings in Itron by 46.6% during the second quarter. GAMMA Investing LLC now owns 720 shares of the scientific and technical instruments company’s stock worth $71,000 after purchasing an additional 229 shares during the period. Finally, Farther Finance Advisors LLC increased its position in Itron by 21.7% during the third quarter. Farther Finance Advisors LLC now owns 724 shares of the scientific and technical instruments company’s stock worth $77,000 after buying an additional 129 shares during the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.

Itron Price Performance

Itron stock opened at $118.70 on Tuesday. The stock’s fifty day moving average price is $109.53 and its two-hundred day moving average price is $104.97. Itron, Inc. has a one year low of $65.42 and a one year high of $124.90. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83. The firm has a market cap of $5.35 billion, a PE ratio of 24.32, a price-to-earnings-growth ratio of 0.89 and a beta of 1.46.

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

Insider Activity

In other Itron news, CEO Thomas Deitrich sold 37,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $104.83, for a total transaction of $3,931,125.00. Following the completion of the transaction, the chief executive officer now directly owns 205,276 shares in the company, valued at $21,519,083.08. The trade was a 15.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.45% of the company’s stock.

Analysts Set New Price Targets

ITRI has been the subject of a number of recent analyst reports. BNP Paribas began coverage on Itron in a research report on Thursday, September 5th. They issued an “outperform” rating and a $133.00 price objective for the company. Janney Montgomery Scott initiated coverage on shares of Itron in a research report on Friday, September 27th. They set a “buy” rating and a $131.00 price objective for the company. 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. Robert W. Baird lifted their target price on shares of Itron from $123.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Roth Mkm increased their price target on shares of Itron from $125.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Itron currently has a consensus rating of “Moderate Buy” and an average target price of $123.92.

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.