Oppenheimer & Co. Inc. Purchases 5,352 Shares of Itron, Inc. (NASDAQ:ITRI)

Oppenheimer & Co. Inc. grew its position in shares of Itron, Inc. (NASDAQ:ITRI) by 35.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,382 shares of the scientific and technical instruments company’s stock after acquiring an additional 5,352 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Itron were worth $2,017,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. raised its holdings in Itron by 31.0% during the fourth quarter. Victory Capital Management Inc. now owns 14,122 shares of the scientific and technical instruments company’s stock worth $1,066,000 after buying an additional 3,338 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Itron by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 518,157 shares of the scientific and technical instruments company’s stock worth $39,126,000 after acquiring an additional 15,157 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Itron by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,681,573 shares of the scientific and technical instruments company’s stock valued at $126,978,000 after acquiring an additional 51,874 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Itron by 89.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,344 shares of the scientific and technical instruments company’s stock valued at $101,000 after purchasing an additional 634 shares during the last quarter. Finally, Norges Bank bought a new stake in Itron during the 4th quarter worth approximately $24,504,000. 96.19% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Itron

In other Itron news, CEO Thomas Deitrich sold 887 shares of Itron stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $102.15, for a total transaction of $90,607.05. Following the sale, the chief executive officer now directly owns 205,276 shares of the company’s stock, valued at approximately $20,968,943.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Joan S. Hooper sold 509 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $102.15, for a total value of $51,994.35. Following the completion of the transaction, the chief financial officer now directly owns 72,338 shares in the company, valued at approximately $7,389,326.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas Deitrich sold 887 shares of Itron stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $102.15, for a total transaction of $90,607.05. Following the transaction, the chief executive officer now directly owns 205,276 shares of the company’s stock, valued at $20,968,943.40. The disclosure for this sale can be found here. Insiders have sold a total of 5,776 shares of company stock worth $584,721 over the last quarter. Corporate insiders own 1.45% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Stephens reaffirmed an “equal weight” rating and set a $110.00 target price on shares of Itron in a research report on Monday, August 5th. BNP Paribas started coverage on shares of Itron in a report on Thursday, September 5th. They set an “outperform” rating and a $133.00 price target on the stock. StockNews.com lowered shares of Itron from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 28th. Roth Mkm restated a “buy” rating and issued a $125.00 target price on shares of Itron in a research note on Wednesday, August 21st. Finally, JPMorgan Chase & Co. increased their price target on Itron from $104.00 to $112.00 and gave the company a “neutral” rating in a research report on Tuesday, July 16th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $118.64.

Itron Trading Up 0.8 %

Shares of ITRI stock opened at $103.41 on Tuesday. The business has a 50-day moving average price of $100.56 and a two-hundred day moving average price of $99.19. 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 cap of $4.65 billion, a P/E ratio of 29.72, a price-to-earnings-growth ratio of 0.84 and a beta of 1.47.

Itron (NASDAQ:ITRI) last announced its quarterly earnings data on Thursday, August 1st. The scientific and technical instruments company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.25. Itron had a return on equity of 16.42% and a net margin of 7.98%. The firm had revenue of $609.07 million for the quarter, compared to analysts’ expectations of $599.25 million. During the same period last year, the firm earned $0.65 earnings per share. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. Equities analysts anticipate that Itron, Inc. will post 4.59 EPS for the current fiscal year.

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.