Hanseatic Management Services Inc. Acquires 318 Shares of Itron, Inc. (NASDAQ:ITRI)

Hanseatic Management Services Inc. increased its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 4.4% during the third quarter, Holdings Channel reports. The fund owned 7,522 shares of the scientific and technical instruments company’s stock after purchasing an additional 318 shares during the period. Hanseatic Management Services Inc.’s holdings in Itron were worth $803,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Hexagon Capital Partners LLC boosted its position in Itron by 85.6% in the 2nd quarter. Hexagon Capital Partners LLC now owns 271 shares of the scientific and technical instruments company’s stock valued at $27,000 after buying an additional 125 shares during the last quarter. Quarry LP boosted its position in Itron by 53.0% in the 2nd quarter. Quarry LP now owns 352 shares of the scientific and technical instruments company’s stock valued at $35,000 after buying an additional 122 shares during the last quarter. GAMMA Investing LLC boosted its position in Itron by 46.6% in the 2nd quarter. GAMMA Investing LLC now owns 720 shares of the scientific and technical instruments company’s stock valued at $71,000 after buying an additional 229 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Itron by 21.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the scientific and technical instruments company’s stock valued at $77,000 after buying an additional 129 shares during the last quarter. Finally, CWM LLC boosted its position in Itron by 315.6% in the 2nd quarter. CWM LLC now owns 881 shares of the scientific and technical instruments company’s stock valued at $87,000 after buying an additional 669 shares during the last quarter. 96.19% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Itron

In related news, CEO Thomas Deitrich sold 887 shares of Itron stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $102.15, for a total value 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Donald L. Reeves III sold 4,210 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 16,269 shares in the company, valued at $1,643,169. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Thomas Deitrich sold 887 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $102.15, for a total value 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 represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,276 shares of company stock valued at $4,515,846 in the last 90 days. 1.45% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have commented on the company. TD Cowen increased their price objective on Itron from $125.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. raised their price target on Itron from $104.00 to $112.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 16th. Stephens restated an “equal weight” rating and issued a $110.00 price target on shares of Itron in a research report on Monday, August 5th. BNP Paribas initiated coverage on Itron in a research report on Thursday, September 5th. They issued an “outperform” rating and a $133.00 price target on the stock. Finally, Janney Montgomery Scott initiated coverage on Itron in a research report on Friday, September 27th. They issued a “buy” rating and a $131.00 price target on the stock. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $123.92.

Itron Stock Performance

Shares of Itron stock opened at $122.12 on Thursday. The company has a market capitalization of $5.51 billion, a PE ratio of 25.02, a PEG ratio of 0.86 and a beta of 1.46. Itron, Inc. has a 12 month low of $62.45 and a 12 month high of $123.65. 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 stock’s fifty day simple moving average is $104.90 and its 200 day simple moving average is $103.24.

Itron (NASDAQ:ITRI) last released its quarterly earnings results on Thursday, October 31st. The scientific and technical instruments company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.71. Itron had a return on equity of 19.03% and a net margin of 9.37%. The firm had revenue of $615.46 million for the quarter, compared to the consensus estimate of $596.41 million. During the same quarter last year, the business posted $0.98 EPS. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, research analysts predict that Itron, Inc. will post 5.34 EPS for the current year.

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.