2,088 Shares in Itron, Inc. (NASDAQ:ITRI) Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC bought a new stake in Itron, Inc. (NASDAQ:ITRI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,088 shares of the scientific and technical instruments company’s stock, valued at approximately $223,000.

A number of other institutional investors also recently bought and sold shares of the company. Jupiter Asset Management Ltd. bought a new position in shares of Itron in the 1st quarter worth approximately $2,029,000. Sculptor Capital LP purchased a new stake in Itron in the 2nd quarter worth approximately $5,255,000. UniSuper Management Pty Ltd bought a new stake in Itron during the 1st quarter worth approximately $904,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Itron by 113.0% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 30,988 shares of the scientific and technical instruments company’s stock valued at $2,867,000 after purchasing an additional 16,441 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Itron by 7.8% in the second quarter. Assenagon Asset Management S.A. now owns 268,379 shares of the scientific and technical instruments company’s stock worth $26,559,000 after purchasing an additional 19,387 shares during the period. Institutional investors own 96.19% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Donald L. Reeves III sold 4,210 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $101.00, for a total transaction of $425,210.00. Following the transaction, the senior vice president now owns 16,269 shares of the company’s stock, valued at approximately $1,643,169. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Itron news, CEO Thomas Deitrich sold 887 shares of the stock in a transaction 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 owns 205,276 shares of the company’s stock, valued at approximately $20,968,943.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Donald L. Reeves III sold 4,210 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $101.00, for a total value of $425,210.00. Following the completion of the transaction, the senior vice president now directly owns 16,269 shares of the company’s stock, valued at approximately $1,643,169. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,198 shares of company stock worth $4,508,334 in the last ninety days. 1.45% of the stock is owned by company insiders.

Itron Price Performance

Itron stock opened at $124.45 on Tuesday. Itron, Inc. has a 12-month low of $62.74 and a 12-month high of $124.90. The company has a current ratio of 3.36, a quick ratio of 2.83 and a debt-to-equity ratio of 0.91. The firm has a 50-day moving average price of $106.20 and a 200-day moving average price of $103.94. The firm has a market capitalization of $5.61 billion, a PE ratio of 25.50, a price-to-earnings-growth ratio of 0.93 and a beta of 1.46.

Itron (NASDAQ:ITRI) last announced its quarterly earnings data on Thursday, October 31st. The scientific and technical instruments company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.71. Itron had a net margin of 9.37% and a return on equity of 19.03%. The business had revenue of $615.46 million during the quarter, compared to the consensus estimate of $596.41 million. During the same quarter last year, the firm earned $0.98 earnings per share. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, equities research analysts forecast that Itron, Inc. will post 5.33 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. TD Cowen lifted their target price on shares of Itron from $125.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, November 1st. BNP Paribas assumed coverage on Itron in a research note on Thursday, September 5th. They issued an “outperform” rating and a $133.00 price objective for the company. Robert W. Baird lifted their target price on Itron from $123.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Oppenheimer upped their price target on Itron from $120.00 to $124.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Guggenheim lifted their price objective on shares of Itron from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $123.92.

About Itron

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.