John G Ullman & Associates Inc. Decreases Holdings in Itron, Inc. (NASDAQ:ITRI)

John G Ullman & Associates Inc. trimmed its position in shares of Itron, Inc. (NASDAQ:ITRI) by 1.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,132 shares of the scientific and technical instruments company’s stock after selling 667 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Itron were worth $6,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Hexagon Capital Partners LLC raised its position in Itron by 85.6% in the second quarter. Hexagon Capital Partners LLC now owns 271 shares of the scientific and technical instruments company’s stock worth $27,000 after acquiring an additional 125 shares during the period. Quarry LP raised its position in shares of Itron by 53.0% during the 2nd quarter. Quarry LP now owns 352 shares of the scientific and technical instruments company’s stock valued at $35,000 after purchasing an additional 122 shares during the period. Covestor Ltd lifted its stake in shares of Itron by 26.1% during the 3rd quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company’s stock valued at $57,000 after buying an additional 111 shares in the last quarter. GAMMA Investing LLC boosted its holdings 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 worth $71,000 after buying an additional 229 shares during the period. Finally, Farther Finance Advisors LLC increased its stake 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 worth $77,000 after buying an additional 129 shares in the last quarter. Institutional investors own 96.19% of the company’s stock.

Itron Stock Performance

Shares of NASDAQ:ITRI opened at $114.11 on Thursday. 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 company has a market capitalization of $5.15 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 0.86 and a beta of 1.46. Itron, Inc. has a 12 month low of $64.96 and a 12 month high of $124.90. The firm’s 50-day moving average is $108.87 and its 200 day moving average is $104.86.

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

Insider Transactions at Itron

In other news, CFO Joan S. Hooper sold 509 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 $51,994.35. Following the transaction, the chief financial officer now owns 72,338 shares of the company’s stock, valued at approximately $7,389,326.70. This represents a 0.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas Deitrich sold 37,500 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $104.83, for a total transaction of $3,931,125.00. Following the completion of the sale, the chief executive officer now directly owns 205,276 shares of the company’s stock, valued at approximately $21,519,083.08. This trade represents a 15.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 39,066 shares of company stock worth $4,092,737. Insiders own 1.45% of the company’s stock.

Analyst Upgrades and Downgrades

ITRI has been the topic of several research analyst reports. Roth Mkm boosted their price objective on Itron from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Oppenheimer boosted their price target on Itron from $120.00 to $124.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. TD Cowen upped their price target on Itron from $125.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Piper Sandler lifted their price objective 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. Finally, Guggenheim upped their target price 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. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.