Natixis Advisors LLC Sells 12,485 Shares of Itron, Inc. (NASDAQ:ITRI)

Natixis Advisors LLC trimmed its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 41.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,302 shares of the scientific and technical instruments company’s stock after selling 12,485 shares during the quarter. Natixis Advisors LLC’s holdings in Itron were worth $1,848,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of ITRI. Sculptor Capital LP acquired a new position in shares of Itron during the 2nd quarter worth approximately $5,255,000. Assenagon Asset Management S.A. increased its stake in Itron by 7.8% during the 2nd 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 acquiring an additional 19,387 shares during the period. Tidal Investments LLC bought a new position in Itron during the 1st quarter worth $1,319,000. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Itron by 97.8% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 10,207 shares of the scientific and technical instruments company’s stock valued at $1,012,000 after acquiring an additional 5,047 shares during the period. Finally, Driehaus Capital Management LLC acquired a new stake in shares of Itron during the 2nd quarter worth $18,758,000. 96.19% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Itron news, CEO Thomas Deitrich sold 37,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $104.83, for a total transaction of $3,931,125.00. Following the completion of the transaction, the chief executive officer now owns 205,276 shares in the company, valued at approximately $21,519,083.08. This trade represents a 15.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.45% of the company’s stock.

Itron Stock Performance

Shares of ITRI stock opened at $118.70 on Tuesday. The business’s 50-day moving average price is $109.53 and its 200-day moving average price is $104.97. Itron, Inc. has a 12 month low of $65.42 and a 12 month high of $124.90. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 0.89 and a beta of 1.46. The company has a current ratio of 3.36, a quick ratio of 2.83 and a debt-to-equity ratio of 0.91.

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

Analyst Ratings Changes

A number of research firms recently commented on ITRI. Stephens reaffirmed an “equal weight” rating and issued a $110.00 price target on shares of Itron in a research note on Monday, August 5th. Piper Sandler boosted their target price on shares of Itron from $110.00 to $119.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Guggenheim increased their price target on shares of Itron from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Roth Mkm boosted their price objective on shares of Itron from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Robert W. Baird upped their target price on Itron from $123.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Itron has a consensus rating of “Moderate Buy” and an average target price of $123.92.

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.