Healthcare of Ontario Pension Plan Trust Fund Purchases 49,183 Shares of Itron, Inc. (NASDAQ:ITRI)

Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Itron, Inc. (NASDAQ:ITRI) by 101.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 97,515 shares of the scientific and technical instruments company’s stock after buying an additional 49,183 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.21% of Itron worth $9,650,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ITRI. GAMMA Investing LLC grew its holdings in Itron by 32.7% in the first quarter. GAMMA Investing LLC now owns 491 shares of the scientific and technical instruments company’s stock worth $45,000 after purchasing an additional 121 shares during the period. Quarry LP grew its holdings in Itron by 53.0% in the second quarter. Quarry LP now owns 352 shares of the scientific and technical instruments company’s stock worth $35,000 after purchasing an additional 122 shares during the period. Hexagon Capital Partners LLC grew 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 during the period. Contravisory Investment Management Inc. grew its holdings in Itron by 61.5% in the first quarter. Contravisory Investment Management Inc. now owns 344 shares of the scientific and technical instruments company’s stock worth $32,000 after purchasing an additional 131 shares during the period. Finally, Xponance Inc. grew its holdings in Itron by 5.1% in the second quarter. Xponance Inc. now owns 2,910 shares of the scientific and technical instruments company’s stock worth $288,000 after purchasing an additional 142 shares during the period. Institutional investors own 96.19% of the company’s stock.

Insider Activity

In other news, CFO Joan S. Hooper sold 509 shares of the company’s stock in a transaction on 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 sale, the chief financial officer now owns 72,338 shares of the company’s stock, valued at approximately $7,389,326.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Thomas Deitrich sold 887 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $102.15, for a total value of $90,607.05. Following the completion of the sale, the chief executive officer now owns 205,276 shares of the company’s stock, valued at approximately $20,968,943.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Joan S. Hooper sold 509 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $102.15, for a total transaction of $51,994.35. Following the sale, the chief financial officer now owns 72,338 shares of the company’s stock, valued at $7,389,326.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,276 shares of company stock valued at $4,515,846. Corporate insiders own 1.45% of the company’s stock.

Itron Price Performance

ITRI stock opened at $104.93 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 3.16 and a quick ratio of 2.61. Itron, Inc. has a one year low of $56.11 and a one year high of $113.07. The stock has a market cap of $4.81 billion, a PE ratio of 30.15, a P/E/G ratio of 0.90 and a beta of 1.47. The firm has a 50 day simple moving average of $101.16 and a two-hundred day simple moving average of $100.41.

Itron (NASDAQ:ITRI) last released its quarterly earnings results on Thursday, August 1st. The scientific and technical instruments company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.25. Itron had a net margin of 7.98% and a return on equity of 16.42%. The business had revenue of $609.07 million during the quarter, compared to analysts’ expectations of $599.25 million. During the same quarter in the previous year, the company earned $0.65 EPS. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. On average, analysts predict that Itron, Inc. will post 4.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ITRI shares. Oppenheimer raised their price target on shares of Itron from $110.00 to $112.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. Roth Mkm reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Itron in a research report on Wednesday, August 21st. Piper Sandler lifted their price objective on shares of Itron from $109.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. StockNews.com lowered shares of Itron from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 28th. Finally, Janney Montgomery Scott began coverage on shares of Itron in a research report on Friday, September 27th. They issued a “buy” rating and a $131.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Itron currently has a consensus rating of “Moderate Buy” and an average price target of $119.67.

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.