The 1,000 Shares of Itron Inc. (ITRI) Stock are sold by Jon E. Eliassen

The 1,000 Shares of Itron Inc. (ITRI) Stock are sold by Jon E. Eliassen

Itron Inc. (NASDAQ:ITRI) Director Jon E. Eliassen sold 1,000 shares of the firm’s stock in a transaction on Thursday, October 6th. The stock was sold at an average price of $56.98, for a total transaction of $56,980.00. Following the transaction, the director now directly owns 16,492 shares in the company, valued at $939,714.16. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Itron Inc. (NASDAQ:ITRI) opened at 56.31 on Friday. The company has a 50 day moving average of $52.99 and a 200 day moving average of $45.30. Itron Inc. has a 52 week low of $29.02 and a 52 week high of $57.25. The firm has a market cap of $2.15 billion, a PE ratio of 42.09 and a beta of 1.44.

Itron (NASDAQ:ITRI) last posted its quarterly earnings results on Thursday, September 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.22. The firm had revenue of $513.02 million for the quarter. Itron had a net margin of 2.62% and a return on equity of 10.94%. The company’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.39) earnings per share. On average, equities research analysts anticipate that Itron Inc. will post $2.37 EPS for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of the stock. BlackRock Institutional Trust Company N.A. boosted its stake in Itron by 6.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,036,667 shares of the company’s stock valued at $43,250,000 after buying an additional 58,844 shares in the last quarter. Scopia Capital Management LP boosted its stake in Itron by 26.6% in the first quarter. Scopia Capital Management LP now owns 4,475,083 shares of the company’s stock valued at $186,700,000 after buying an additional 940,900 shares in the last quarter. Renaissance Technologies LLC raised its stake in Itron by 55.3% in the first quarter. Renaissance Technologies LLC now owns 619,361 shares of the company’s stock valued at $25,840,000 after buying an additional 220,461 shares during the last quarter. Prudential Financial Inc. raised its stake in Itron by 1.7% in the first quarter. Prudential Financial Inc. now owns 94,901 shares of the company’s stock valued at $3,959,000 after buying an additional 1,570 shares during the last quarter. Finally, Capstone Asset Management Co. raised its stake in Itron by 2.2% in the second quarter. Capstone Asset Management Co. now owns 11,586 shares of the company’s stock valued at $499,000 after buying an additional 250 shares during the last quarter. 96.92% of the stock is currently owned by hedge funds and other institutional investors.

ITRI has been the topic of several research reports. Robert W. Baird reissued an “outperform” rating and set a $47.00 price objective on shares of Itron in a research report on Saturday, August 13th. TheStreet raised shares of Itron from a “hold” rating to a “buy” rating in a research report on Monday, August 29th. Canaccord Genuity reissued a “buy” rating and set a $61.00 price objective (up from $57.00) on shares of Itron in a research report on Monday, October 3rd. Zacks Investment Research upgraded shares of Itron from a “hold” rating to a “strong-buy” rating and set a $62.00 target price for the company in a research note on Friday, September 9th. Finally, Cowen and Company restated a “market perform” rating and issued a $50.00 target price (up previously from $45.00) on shares of Itron in a research note on Sunday, September 4th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $54.71.

Itron Company Profile

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