Insider Selling: Itron, Inc. (NASDAQ:ITRI) CFO Sells 485 Shares of Stock

Itron, Inc. (NASDAQ:ITRI) CFO Joan S. Hooper sold 485 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $67.70, for a total transaction of $32,834.50. Following the transaction, the chief financial officer now owns 30,257 shares of the company’s stock, valued at approximately $2,048,398.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of ITRI stock traded down $0.05 on Tuesday, hitting $67.80. The stock had a trading volume of 200,138 shares, compared to its average volume of 319,888. The firm has a market cap of $2.74 billion, a P/E ratio of 45.81, a PEG ratio of 1.57 and a beta of 1.34. Itron, Inc. has a twelve month low of $40.48 and a twelve month high of $88.32. The company has a fifty day moving average price of $64.41 and a two-hundred day moving average price of $72.24. The company has a current ratio of 2.08, a quick ratio of 1.75 and a debt-to-equity ratio of 1.75.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Monday, May 4th. The scientific and technical instruments company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.56 by $0.01. Itron had a net margin of 2.40% and a return on equity of 16.47%. The business had revenue of $598.40 million for the quarter, compared to analysts’ expectations of $614.83 million. During the same period in the previous year, the firm posted $0.70 EPS. The firm’s revenue was down 2.6% compared to the same quarter last year. On average, analysts expect that Itron, Inc. will post 1.75 earnings per share for the current year.

A number of research analysts have commented on ITRI shares. ValuEngine cut shares of Itron from a “hold” rating to a “sell” rating in a research note on Monday, March 30th. Oppenheimer reiterated a “buy” rating and issued a $90.00 target price on shares of Itron in a research note on Friday, May 15th. Canaccord Genuity reiterated a “buy” rating on shares of Itron in a research note on Thursday, June 18th. Stephens cut their target price on shares of Itron from $96.00 to $83.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. Finally, JMP Securities cut their target price on shares of Itron from $95.00 to $80.00 and set a “market outperform” rating for the company in a research note on Tuesday, May 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $81.67.

Hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its stake in shares of Itron by 1,196.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 350 shares of the scientific and technical instruments company’s stock worth $29,000 after acquiring an additional 323 shares during the period. Penserra Capital Management LLC bought a new stake in Itron in the 4th quarter valued at $41,000. Private Capital Group LLC boosted its stake in Itron by 2,944.4% in the 1st quarter. Private Capital Group LLC now owns 548 shares of the scientific and technical instruments company’s stock valued at $31,000 after purchasing an additional 530 shares during the period. EPG Wealth Management LLC bought a new stake in Itron in the 1st quarter valued at $39,000. Finally, Harvest Fund Management Co. Ltd boosted its stake in Itron by 331.2% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 802 shares of the scientific and technical instruments company’s stock valued at $44,000 after purchasing an additional 616 shares during the period. Hedge funds and other institutional investors own 93.88% of the company’s stock.

About Itron

Itron, Inc, a technology and service company, provides end-to-end solutions that measures, manages, and analyzes energy and water use worldwide. The company operates through three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing.

Read More: How to Invest in the Dividend Aristocrat Index

Insider Buying and Selling by Quarter for Itron (NASDAQ:ITRI)

Receive News & Ratings for Itron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Itron and related companies with MarketBeat.com's FREE daily email newsletter.