John G Ullman & Associates Inc. Sells 898 Shares of Itron, Inc. (NASDAQ:ITRI)

John G Ullman & Associates Inc. decreased its position in Itron, Inc. (NASDAQ:ITRI) by 1.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 62,458 shares of the scientific and technical instruments company’s stock after selling 898 shares during the period. John G Ullman & Associates Inc. owned about 0.14% of Itron worth $5,779,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Texas Permanent School Fund Corp boosted its holdings in Itron by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 39,815 shares of the scientific and technical instruments company’s stock worth $3,684,000 after purchasing an additional 516 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Itron by 293.4% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,198 shares of the scientific and technical instruments company’s stock worth $388,000 after purchasing an additional 3,131 shares during the last quarter. Jennison Associates LLC boosted its holdings in Itron by 19.3% during the first quarter. Jennison Associates LLC now owns 5,625 shares of the scientific and technical instruments company’s stock worth $520,000 after purchasing an additional 909 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in Itron in the first quarter valued at $346,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Itron by 10.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,697 shares of the scientific and technical instruments company’s stock valued at $10,242,000 after acquiring an additional 10,716 shares during the last quarter. 96.19% of the stock is owned by institutional investors.

Itron Stock Performance

NASDAQ:ITRI traded up $3.42 during mid-day trading on Thursday, reaching $103.42. 1,361,538 shares of the company’s stock were exchanged, compared to its average volume of 491,418. Itron, Inc. has a one year low of $56.11 and a one year high of $111.00. The firm has a market capitalization of $4.74 billion, a PE ratio of 29.72, a price-to-earnings-growth ratio of 0.95 and a beta of 1.45. The business’s fifty day simple moving average is $104.76 and its two-hundred day simple moving average is $90.68. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.40 and a current ratio of 1.90.

Itron (NASDAQ:ITRI) last released its quarterly earnings results on Thursday, May 2nd. The scientific and technical instruments company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.39. Itron had a net margin of 7.03% and a return on equity of 14.51%. The business had revenue of $603.44 million for the quarter, compared to analyst estimates of $579.49 million. During the same period last year, the firm earned $0.49 earnings per share. Itron’s revenue for the quarter was up 22.0% compared to the same quarter last year. Analysts anticipate that Itron, Inc. will post 4 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Joan S. Hooper sold 501 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $108.87, for a total transaction of $54,543.87. Following the transaction, the chief financial officer now directly owns 72,847 shares of the company’s stock, valued at $7,930,852.89. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Itron news, CEO Thomas Deitrich sold 873 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $108.87, for a total value of $95,043.51. Following the transaction, the chief executive officer now directly owns 206,163 shares of the company’s stock, valued at approximately $22,444,965.81. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Joan S. Hooper sold 501 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $108.87, for a total transaction of $54,543.87. Following the completion of the transaction, the chief financial officer now directly owns 72,847 shares in the company, valued at $7,930,852.89. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,775 shares of company stock valued at $192,613. 1.45% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ITRI. Stephens increased their price target on shares of Itron from $85.00 to $110.00 and gave the company an “equal weight” rating in a research note on Monday, May 6th. Piper Sandler cut shares of Itron from an “overweight” rating to a “neutral” rating and set a $109.00 price target for the company. in a research note on Tuesday, May 21st. Canaccord Genuity Group increased their price target on shares of Itron from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. Robert W. Baird increased their price target on shares of Itron from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, March 13th. Finally, TD Cowen increased their price target on shares of Itron from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $106.75.

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.