Itron, Inc. (NASDAQ:ITRI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Itron, Inc. (NASDAQ:ITRI) has received an average recommendation of “Moderate Buy” from the eleven research firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $127.64.

ITRI has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Itron from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 1st. Guggenheim decreased their price target on shares of Itron from $135.00 to $133.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Canaccord Genuity Group increased their price target on shares of Itron from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Piper Sandler increased their price target on shares of Itron from $119.00 to $124.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. Finally, Oppenheimer increased their price target on shares of Itron from $124.00 to $131.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th.

Insider Transactions at Itron

In other news, Director Mary C. Hemmingsen sold 750 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $107.27, for a total value of $80,452.50. Following the completion of the sale, the director now owns 5,630 shares in the company, valued at approximately $603,930.10. This trade represents a 11.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO David Marshall Wright sold 317 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $92.90, for a total transaction of $29,449.30. Following the completion of the sale, the chief accounting officer now owns 8,108 shares of the company’s stock, valued at $753,233.20. This trade represents a 3.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,037 shares of company stock worth $385,815. Company insiders own 1.45% of the company’s stock.

Institutional Trading of Itron

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC increased its holdings in Itron by 41.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,955 shares of the scientific and technical instruments company’s stock valued at $321,000 after acquiring an additional 867 shares in the last quarter. Menard Financial Group LLC increased its holdings in Itron by 12.2% during the 4th quarter. Menard Financial Group LLC now owns 5,684 shares of the scientific and technical instruments company’s stock valued at $617,000 after acquiring an additional 619 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Itron during the 4th quarter valued at about $14,563,000. Virtue Capital Management LLC increased its holdings in Itron by 5.4% during the 4th quarter. Virtue Capital Management LLC now owns 8,249 shares of the scientific and technical instruments company’s stock valued at $896,000 after acquiring an additional 419 shares in the last quarter. Finally, GTS Securities LLC purchased a new position in Itron during the 4th quarter valued at about $288,000. Institutional investors and hedge funds own 96.19% of the company’s stock.

Itron Trading Up 1.9 %

Shares of NASDAQ:ITRI opened at $106.55 on Tuesday. Itron has a 52 week low of $86.45 and a 52 week high of $124.90. The company’s 50 day moving average is $104.01 and its two-hundred day moving average is $107.51. 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 cap of $4.81 billion, a PE ratio of 21.83, a P/E/G ratio of 0.81 and a beta of 1.49.

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.