Itron, Inc. (NASDAQ:ITRI) major shareholder Scopia Capital Management Lp sold 4,340 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $48.03, for a total transaction of $208,450.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Monday, April 8th, Scopia Capital Management Lp sold 4,675 shares of Itron stock. The shares were sold at an average price of $48.03, for a total transaction of $224,540.25.
  • On Thursday, March 28th, Scopia Capital Management Lp sold 11,784 shares of Itron stock. The shares were sold at an average price of $46.22, for a total transaction of $544,656.48.
  • On Tuesday, March 26th, Scopia Capital Management Lp sold 48,684 shares of Itron stock. The shares were sold at an average price of $47.12, for a total transaction of $2,293,990.08.
  • On Friday, March 22nd, Scopia Capital Management Lp sold 58,046 shares of Itron stock. The shares were sold at an average price of $49.97, for a total transaction of $2,900,558.62.
  • On Wednesday, March 20th, Scopia Capital Management Lp sold 21,646 shares of Itron stock. The shares were sold at an average price of $50.39, for a total transaction of $1,090,741.94.
  • On Monday, March 18th, Scopia Capital Management Lp sold 44,193 shares of Itron stock. The stock was sold at an average price of $49.56, for a total transaction of $2,190,205.08.
  • On Thursday, March 14th, Scopia Capital Management Lp sold 26,866 shares of Itron stock. The stock was sold at an average price of $49.99, for a total transaction of $1,343,031.34.
  • On Tuesday, March 12th, Scopia Capital Management Lp sold 62,058 shares of Itron stock. The stock was sold at an average price of $49.71, for a total transaction of $3,084,903.18.

ITRI opened at $47.64 on Wednesday. Itron, Inc. has a twelve month low of $44.35 and a twelve month high of $72.00. The company has a quick ratio of 1.03, a current ratio of 1.37 and a debt-to-equity ratio of 1.35. The firm has a market cap of $1.92 billion, a PE ratio of 17.98, a PEG ratio of 0.77 and a beta of 1.32.

Itron (NASDAQ:ITRI) last issued its earnings results on Wednesday, February 27th. The scientific and technical instruments company reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.20. The business had revenue of $587.00 million for the quarter, compared to analyst estimates of $600.73 million. Itron had a negative net margin of 4.18% and a positive return on equity of 14.92%. Itron’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.01 earnings per share. As a group, research analysts anticipate that Itron, Inc. will post 2.49 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on ITRI shares. Cowen set a $67.00 price objective on shares of Itron and gave the stock a “buy” rating in a research report on Thursday, February 28th. BidaskClub cut shares of Itron from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. Needham & Company LLC decreased their price objective on shares of Itron to $75.00 and set a “buy” rating for the company in a research report on Wednesday, January 23rd. JMP Securities decreased their price objective on shares of Itron from $80.00 to $72.00 and set a “market outperform” rating for the company in a research report on Thursday, February 28th. Finally, Zacks Investment Research upgraded shares of Itron from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $72.00.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake in Itron by 9.5% during the fourth quarter. Geode Capital Management LLC now owns 390,825 shares of the scientific and technical instruments company’s stock worth $18,482,000 after acquiring an additional 33,782 shares in the last quarter. Norges Bank bought a new position in Itron during the fourth quarter worth $18,557,000. Penn Capital Management Co. Inc. boosted its stake in Itron by 15.2% during the fourth quarter. Penn Capital Management Co. Inc. now owns 101,827 shares of the scientific and technical instruments company’s stock worth $5,235,000 after acquiring an additional 13,450 shares in the last quarter. Amalgamated Bank bought a new position in Itron during the fourth quarter worth $253,000. Finally, Public Employees Retirement System of Ohio boosted its stake in Itron by 18.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 17,738 shares of the scientific and technical instruments company’s stock worth $839,000 after acquiring an additional 2,811 shares in the last quarter. 97.08% of the stock is currently owned by institutional investors and hedge funds.

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Itron Company Profile

Itron, Inc, a technology and service company, provides end-to-end solutions that measures, manages, and analyzes energy and water use worldwide. The company operates through three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing.

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

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