Itron, Inc. (NASDAQ:ITRI) major shareholder Scopia Capital Management Lp bought 13,480 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were acquired at an average price of $69.32 per share, with a total value of $934,433.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 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 Wednesday, December 6th, Scopia Capital Management Lp bought 75,193 shares of Itron stock. The shares were acquired at an average price of $67.34 per share, with a total value of $5,063,496.62.
  • On Friday, December 8th, Scopia Capital Management Lp bought 541,753 shares of Itron stock. The shares were acquired at an average price of $69.44 per share, with a total value of $37,619,328.32.

Itron, Inc. (NASDAQ ITRI) opened at $71.20 on Friday. The firm has a market cap of $2,722.38, a PE ratio of 25.75, a price-to-earnings-growth ratio of 1.12 and a beta of 1.00. Itron, Inc. has a 1 year low of $57.80 and a 1 year high of $79.95. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.67 and a quick ratio of 1.26.

Itron (NASDAQ:ITRI) last issued its quarterly earnings data on Wednesday, November 1st. The scientific and technical instruments company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.12). The firm had revenue of $486.75 million during the quarter, compared to analyst estimates of $526.55 million. Itron had a return on equity of 14.84% and a net margin of 3.42%. The company’s revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the company posted $0.77 EPS. sell-side analysts expect that Itron, Inc. will post 2.99 EPS for the current year.

ITRI has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Itron from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Argus restated a “buy” rating and set a $80.00 target price (up from $78.00) on shares of Itron in a research report on Tuesday, September 12th. Robert W. Baird restated a “hold” rating and set a $77.00 target price on shares of Itron in a research report on Tuesday, September 12th. Finally, Canaccord Genuity downgraded shares of Itron from a “buy” rating to a “hold” rating and set a $78.00 target price for the company. in a research report on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. Itron currently has a consensus rating of “Hold” and a consensus price target of $81.78.

Several institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. raised its position in shares of Itron by 2.0% in the second quarter. PNC Financial Services Group Inc. now owns 1,610 shares of the scientific and technical instruments company’s stock worth $109,000 after acquiring an additional 31 shares during the period. Hanseatic Management Services Inc. raised its position in shares of Itron by 0.3% in the second quarter. Hanseatic Management Services Inc. now owns 23,807 shares of the scientific and technical instruments company’s stock worth $1,613,000 after acquiring an additional 61 shares during the period. Systematic Financial Management LP raised its position in shares of Itron by 0.5% in the second quarter. Systematic Financial Management LP now owns 26,495 shares of the scientific and technical instruments company’s stock worth $1,795,000 after acquiring an additional 120 shares during the period. Arizona State Retirement System raised its position in shares of Itron by 1.2% in the second quarter. Arizona State Retirement System now owns 17,534 shares of the scientific and technical instruments company’s stock worth $1,188,000 after acquiring an additional 200 shares during the period. Finally, CWH Capital Management Inc. raised its position in shares of Itron by 4.5% in the second quarter. CWH Capital Management Inc. now owns 4,690 shares of the scientific and technical instruments company’s stock worth $318,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 93.74% of the company’s stock.

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Itron Company Profile

Itron, Inc (Itron) is a technology and service company. The Company provides solutions that measure, manage and analyze energy and water use. The Company operates through three segments: Electricity, Gas and Water. It provides a portfolio of products, solutions, software and services to electric, gas and water utility customers across the globe.

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