Itron, Inc. (NASDAQ:ITRI) Shares Sold by KBC Group NV

KBC Group NV lessened its holdings in Itron, Inc. (NASDAQ:ITRI) by 41.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,738 shares of the scientific and technical instruments company’s stock after selling 60,484 shares during the period. KBC Group NV owned about 0.19% of Itron worth $9,309,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Quarry LP raised its stake in shares of Itron by 29.0% during the 3rd quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company’s stock worth $48,000 after buying an additional 102 shares during the period. Continuum Advisory LLC raised its position in Itron by 42.1% during the third quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company’s stock worth $40,000 after acquiring an additional 102 shares during the period. Stifel Financial Corp lifted its holdings in Itron by 2.2% during the third quarter. Stifel Financial Corp now owns 4,921 shares of the scientific and technical instruments company’s stock valued at $526,000 after purchasing an additional 108 shares in the last quarter. Covestor Ltd grew its position in shares of Itron by 26.1% in the third quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company’s stock valued at $57,000 after purchasing an additional 111 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of Itron by 21.7% in the third quarter. Farther Finance Advisors LLC now owns 724 shares of the scientific and technical instruments company’s stock valued at $77,000 after purchasing an additional 129 shares during the period. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Itron Trading Up 0.3 %

NASDAQ ITRI opened at $105.90 on Thursday. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83. The stock has a market capitalization of $4.78 billion, a P/E ratio of 21.70, a PEG ratio of 0.88 and a beta of 1.47. The firm’s 50-day moving average is $110.69 and its two-hundred day moving average is $106.95. Itron, Inc. has a 12 month low of $71.00 and a 12 month high of $124.90.

Itron (NASDAQ:ITRI) last issued its quarterly earnings data 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 firm had revenue of $615.46 million for the quarter, compared to analyst estimates of $596.41 million. Itron had a net margin of 9.37% and a return on equity of 19.03%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.98 EPS. On average, sell-side analysts anticipate that Itron, Inc. will post 5.33 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ITRI shares. Guggenheim raised their price target on shares of Itron from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. TD Cowen lifted 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. Roth Mkm increased their price objective on Itron from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Robert W. Baird lifted their target price on shares of Itron from $123.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Piper Sandler increased 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. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $123.92.

Itron 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.