Itron (NASDAQ:ITRI) Earns “Buy” Rating from Roth Mkm

Roth Mkm restated their buy rating on shares of Itron (NASDAQ:ITRI) in a research note published on Tuesday, Benzinga reports. The brokerage currently has a $102.00 price target on the scientific and technical instruments company’s stock.

ITRI has been the subject of a number of other research reports. TheStreet upgraded Itron from a c rating to a b- rating in a report on Monday, February 26th. Robert W. Baird upped their target price on Itron from $108.00 to $115.00 and gave the stock an outperform rating in a report on Wednesday, March 13th. Raymond James lowered Itron from an outperform rating to a market perform rating in a report on Thursday, January 4th. Canaccord Genuity Group upgraded Itron from a hold rating to a buy rating and increased their price objective for the company from $68.00 to $105.00 in a report on Tuesday, February 27th. Finally, Oppenheimer upgraded Itron from a market perform rating to an outperform rating and set a $81.00 price objective for the company in a report on Friday, January 19th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Itron presently has a consensus rating of Moderate Buy and an average target price of $97.60.

Itron Stock Down 0.0 %

Shares of NASDAQ:ITRI opened at $94.39 on Tuesday. Itron has a 52-week low of $50.60 and a 52-week high of $96.73. The stock has a market cap of $4.33 billion, a P/E ratio of 44.95, a price-to-earnings-growth ratio of 1.05 and a beta of 1.41. The business’s 50 day moving average is $89.03 and its 200 day moving average is $75.65. The company has a quick ratio of 1.43, a current ratio of 1.95 and a debt-to-equity ratio of 0.34.

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

Insider Activity at Itron

In other Itron news, CFO Joan S. Hooper sold 1,560 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $75.37, for a total transaction of $117,577.20. Following the completion of the sale, the chief financial officer now directly owns 60,141 shares in the company, valued at approximately $4,532,827.17. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Itron news, CFO Joan S. Hooper sold 1,560 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $75.37, for a total transaction of $117,577.20. Following the completion of the sale, the chief financial officer now directly owns 60,141 shares in the company, valued at approximately $4,532,827.17. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Donald L. Reeves III sold 383 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $75.37, for a total value of $28,866.71. Following the sale, the senior vice president now owns 8,708 shares of the company’s stock, valued at $656,321.96. The disclosure for this sale can be found here. Insiders sold a total of 30,467 shares of company stock worth $2,752,520 in the last 90 days. Corporate insiders own 1.45% of the company’s stock.

Institutional Investors Weigh In On Itron

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Itron by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,668,071 shares of the scientific and technical instruments company’s stock worth $343,372,000 after purchasing an additional 142,564 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Itron by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,681,573 shares of the scientific and technical instruments company’s stock worth $126,978,000 after purchasing an additional 51,874 shares during the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of Itron by 16.0% during the 4th quarter. Vontobel Holding Ltd. now owns 804,648 shares of the scientific and technical instruments company’s stock worth $60,759,000 after purchasing an additional 110,849 shares during the last quarter. Guinness Asset Management LTD boosted its holdings in shares of Itron by 1.9% during the 3rd quarter. Guinness Asset Management LTD now owns 635,881 shares of the scientific and technical instruments company’s stock worth $38,504,000 after purchasing an additional 11,983 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Itron by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 518,157 shares of the scientific and technical instruments company’s stock worth $39,126,000 after purchasing an additional 15,157 shares during the last quarter. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

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.