Itron, Inc. $ITRI Shares Purchased by AlphaQuest LLC

AlphaQuest LLC raised its stake in Itron, Inc. (NASDAQ:ITRI) by 218.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,996 shares of the scientific and technical instruments company’s stock after purchasing an additional 7,541 shares during the period. AlphaQuest LLC’s holdings in Itron were worth $1,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in ITRI. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Itron during the second quarter worth approximately $30,000. Bessemer Group Inc. lifted its stake in Itron by 125.7% in the second quarter. Bessemer Group Inc. now owns 255 shares of the scientific and technical instruments company’s stock worth $34,000 after acquiring an additional 142 shares during the last quarter. Salomon & Ludwin LLC acquired a new position in Itron during the 3rd quarter worth approximately $42,000. Northwestern Mutual Wealth Management Co. grew its holdings in Itron by 343.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 346 shares of the scientific and technical instruments company’s stock worth $46,000 after acquiring an additional 268 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Itron by 25.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock valued at $53,000 after purchasing an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Itron Price Performance

ITRI stock opened at $99.08 on Friday. The company has a current ratio of 2.17, a quick ratio of 1.91 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $4.54 billion, a P/E ratio of 17.82, a PEG ratio of 0.57 and a beta of 1.49. The business has a 50 day simple moving average of $97.30 and a 200-day simple moving average of $113.60. Itron, Inc. has a twelve month low of $90.11 and a twelve month high of $142.00.

Itron (NASDAQ:ITRI) last released its quarterly earnings results on Thursday, October 30th. The scientific and technical instruments company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.48 by $0.06. Itron had a net margin of 10.69% and a return on equity of 17.82%. The firm had revenue of $581.63 million during the quarter, compared to the consensus estimate of $578.49 million. During the same quarter in the prior year, the firm earned $1.84 EPS. Itron’s revenue for the quarter was down 5.5% on a year-over-year basis. As a group, equities analysts anticipate that Itron, Inc. will post 5.33 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on ITRI. Stephens raised Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 target price on the stock in a report on Monday, November 3rd. JPMorgan Chase & Co. increased their price objective on Itron from $145.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Wall Street Zen lowered Itron from a “buy” rating to a “hold” rating in a research report on Wednesday, January 14th. Johnson Rice raised Itron from an “accumulate” rating to a “buy” rating and set a $130.00 price target for the company in a report on Monday, January 5th. Finally, Weiss Ratings cut shares of Itron from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Eight investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Itron currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.10.

Insider Buying and Selling at Itron

In other Itron news, SVP Christopher E. Ware sold 343 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $96.51, for a total transaction of $33,102.93. Following the completion of the sale, the senior vice president directly owned 18,774 shares of the company’s stock, valued at approximately $1,811,878.74. This trade represents a 1.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Donald L. Reeves III sold 536 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $96.51, for a total value of $51,729.36. Following the completion of the transaction, the senior vice president directly owned 19,068 shares in the company, valued at approximately $1,840,252.68. The trade was a 2.73% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 2,971 shares of company stock valued at $286,731. Corporate insiders own 1.45% of the company’s stock.

Itron Company Profile

Itron, Inc (NASDAQ: ITRI) is a global technology company that develops innovative solutions to measure, manage and analyze the use of energy and water. Its comprehensive portfolio includes smart meters, data collection devices, communication networks and advanced software applications designed to optimize utility operations and foster sustainable resource management. The company’s offerings enable utilities and cities to accurately monitor consumption patterns, streamline billing processes and improve grid reliability.

Itron’s product lineup spans a range of hardware and software solutions, from residential and commercial smart meters to meter data management systems (MDMS), networked communication platforms and analytics tools.