Sequoia Financial Advisors LLC Acquires 1,084 Shares of Itron, Inc. (NASDAQ:ITRI)

Sequoia Financial Advisors LLC increased its holdings in Itron, Inc. (NASDAQ:ITRI) by 4.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,126 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,084 shares during the period. Sequoia Financial Advisors LLC owned approximately 0.05% of Itron worth $2,577,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Hexagon Capital Partners LLC boosted 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 in the last quarter. Quarry LP boosted its holdings in Itron by 53.0% during the second quarter. Quarry LP now owns 352 shares of the scientific and technical instruments company’s stock valued at $35,000 after acquiring an additional 122 shares during the period. GAMMA Investing LLC boosted its holdings in Itron by 32.7% during the first quarter. GAMMA Investing LLC now owns 491 shares of the scientific and technical instruments company’s stock valued at $45,000 after acquiring an additional 121 shares during the period. CWM LLC boosted its holdings in Itron by 315.6% during 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 during the period. Finally, Daiwa Securities Group Inc. bought a new stake in Itron during the second quarter valued at about $129,000. 96.19% of the stock is currently owned by institutional investors.

Itron Stock Performance

NASDAQ:ITRI opened at $102.36 on Thursday. Itron, Inc. has a 12-month low of $56.11 and a 12-month high of $113.07. The company has a quick ratio of 2.61, a current ratio of 3.16 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $4.70 billion, a PE ratio of 29.41, a price-to-earnings-growth ratio of 0.91 and a beta of 1.47. The firm has a 50-day moving average price of $102.88 and a 200 day moving average price of $101.92.

Itron (NASDAQ:ITRI) last posted its quarterly earnings results on Thursday, August 1st. The scientific and technical instruments company reported $1.21 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $609.07 million during the quarter, compared to analyst estimates of $599.25 million. During the same quarter in the prior year, the business posted $0.65 earnings per share. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. Research analysts anticipate that Itron, Inc. will post 4.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

ITRI has been the subject of a number of recent analyst reports. Roth Mkm restated a “buy” rating and set a $125.00 price target on shares of Itron in a report on Wednesday, August 21st. StockNews.com cut shares of Itron from a “strong-buy” rating to a “buy” rating in a report on Friday, June 28th. Robert W. Baird upped their price target on shares of Itron from $115.00 to $123.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Janney Montgomery Scott assumed coverage on shares of Itron in a report on Friday, September 27th. They set a “buy” rating and a $131.00 price target for the company. Finally, TD Cowen upped their price objective on shares of Itron from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.67.

Insider Buying and Selling

In other Itron news, CEO Thomas Deitrich sold 37,500 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 205,276 shares of the company’s stock, valued at approximately $21,519,083.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Itron news, CEO Thomas Deitrich sold 37,500 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 205,276 shares of the company’s stock, valued at approximately $21,519,083.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Donald L. Reeves III sold 4,210 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $101.00, for a total transaction of $425,210.00. Following the sale, the senior vice president now directly owns 16,269 shares in the company, valued at $1,643,169. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,276 shares of company stock valued at $4,515,846 over the last quarter. Corporate insiders own 1.45% of the company’s stock.

Itron Company 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.