Illinois Municipal Retirement Fund Sells 2,036 Shares of Itron, Inc. (NASDAQ:ITRI)

Illinois Municipal Retirement Fund decreased its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 7.3% during the 4th quarter, Holdings Channel reports. The firm owned 25,680 shares of the scientific and technical instruments company’s stock after selling 2,036 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Itron were worth $1,939,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ITRI. Assenagon Asset Management S.A. boosted its position in shares of Itron by 517.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 246,688 shares of the scientific and technical instruments company’s stock valued at $14,944,000 after purchasing an additional 206,729 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Itron by 2.6% in the third quarter. Vanguard Group Inc. now owns 5,668,071 shares of the scientific and technical instruments company’s stock worth $343,372,000 after acquiring an additional 142,564 shares in the last quarter. Braun Stacey Associates Inc. boosted its holdings in Itron by 140.6% in the fourth quarter. Braun Stacey Associates Inc. now owns 216,188 shares of the scientific and technical instruments company’s stock worth $16,324,000 after acquiring an additional 126,328 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in Itron by 16.0% in the fourth quarter. Vontobel Holding Ltd. now owns 804,648 shares of the scientific and technical instruments company’s stock worth $60,759,000 after acquiring an additional 110,849 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Itron by 453.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 114,856 shares of the scientific and technical instruments company’s stock worth $6,958,000 after acquiring an additional 94,085 shares in the last quarter. Institutional investors own 96.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ITRI shares. Oppenheimer upgraded Itron from a “market perform” rating to an “outperform” rating and set a $81.00 price target on the stock in a report on Friday, January 19th. Raymond James downgraded Itron from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 4th. TD Cowen increased their price objective on Itron from $107.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 13th. JPMorgan Chase & Co. increased their price objective on Itron from $77.00 to $92.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Finally, Robert W. Baird increased their price objective on Itron from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 13th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $97.60.

Insider Transactions at Itron

In other news, Director Jerome J. Lande sold 14,896 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $95.25, for a total value of $1,418,844.00. Following the completion of the transaction, the director now directly owns 5,750 shares of the company’s stock, valued at $547,687.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Thomas Deitrich sold 3,353 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $91.02, for a total value of $305,190.06. Following the completion of the transaction, the chief executive officer now directly owns 198,498 shares of the company’s stock, valued at $18,067,287.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jerome J. Lande sold 14,896 shares of Itron stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $95.25, for a total value of $1,418,844.00. Following the sale, the director now directly owns 5,750 shares of the company’s stock, valued at approximately $547,687.50. The disclosure for this sale can be found here. Insiders sold 30,467 shares of company stock valued at $2,752,520 over the last three months. Company insiders own 1.45% of the company’s stock.

Itron Price Performance

Shares of NASDAQ ITRI opened at $94.39 on Friday. The stock has a fifty day simple moving average of $89.03 and a two-hundred day simple moving average of $75.65. Itron, Inc. has a 1-year low of $50.60 and a 1-year high of $96.73. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 44.95, a price-to-earnings-growth ratio of 1.05 and a beta of 1.41. The company has a current ratio of 1.95, a quick ratio of 1.43 and a debt-to-equity ratio of 0.34.

Itron (NASDAQ:ITRI) last posted its quarterly earnings results on Monday, February 26th. The scientific and technical instruments company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.48. Itron had a return on equity of 12.27% and a net margin of 4.46%. The firm had revenue of $577.17 million during the quarter, compared to analyst estimates of $569.90 million. During the same period last year, the company earned $0.71 earnings per share. The business’s revenue for the quarter was up 23.5% on a year-over-year basis. Analysts anticipate that Itron, Inc. will post 3.61 earnings per share 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.