Public Employees Retirement Association of Colorado Sells 286 Shares of Itron, Inc. (NASDAQ:ITRI)

Public Employees Retirement Association of Colorado trimmed its position in Itron, Inc. (NASDAQ:ITRI) by 4.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,504 shares of the scientific and technical instruments company’s stock after selling 286 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Itron were worth $545,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ITRI. Hexagon Capital Partners LLC increased its stake in shares of Itron by 85.6% in the second quarter. Hexagon Capital Partners LLC now owns 271 shares of the scientific and technical instruments company’s stock worth $27,000 after purchasing an additional 125 shares in the last quarter. Contravisory Investment Management Inc. boosted its holdings in Itron by 61.5% in the 1st quarter. Contravisory Investment Management Inc. now owns 344 shares of the scientific and technical instruments company’s stock worth $32,000 after buying an additional 131 shares during the period. GAMMA Investing LLC increased its stake in Itron by 32.7% in the 1st quarter. GAMMA Investing LLC now owns 491 shares of the scientific and technical instruments company’s stock worth $45,000 after buying an additional 121 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in Itron in the 4th quarter worth $76,000. Finally, CWM LLC raised its holdings in Itron by 315.6% during the second quarter. CWM LLC now owns 881 shares of the scientific and technical instruments company’s stock valued at $87,000 after acquiring an additional 669 shares during the period. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Insider Activity

In other Itron news, CFO Joan S. Hooper sold 509 shares of Itron stock in a transaction on Monday, August 26th. The shares were sold at an average price of $102.15, for a total transaction of $51,994.35. Following the completion of the transaction, the chief financial officer now directly owns 72,338 shares of the company’s stock, valued at $7,389,326.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Thomas Deitrich sold 887 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $102.15, for a total transaction of $90,607.05. Following the transaction, the chief executive officer now directly owns 205,276 shares in the company, valued at approximately $20,968,943.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Joan S. Hooper sold 509 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $102.15, for a total transaction of $51,994.35. Following the completion of the sale, the chief financial officer now directly owns 72,338 shares in the company, valued at $7,389,326.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,776 shares of company stock valued at $584,721. 1.45% of the stock is currently owned by insiders.

Itron Stock Performance

Shares of NASDAQ:ITRI opened at $103.05 on Friday. The firm has a fifty day simple moving average of $100.89 and a two-hundred day simple moving average of $99.73. Itron, Inc. has a 52 week low of $56.11 and a 52 week high of $113.07. The company has a quick ratio of 2.61, a current ratio of 3.16 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $4.73 billion, a P/E ratio of 29.61, a PEG ratio of 0.90 and a beta of 1.47.

Itron (NASDAQ:ITRI) last released its quarterly earnings results on Thursday, August 1st. The scientific and technical instruments company reported $1.21 EPS for the quarter, topping the consensus estimate of $0.96 by $0.25. Itron had a return on equity of 16.42% and a net margin of 7.98%. The company had revenue of $609.07 million during the quarter, compared to analyst estimates of $599.25 million. During the same quarter last year, the business posted $0.65 earnings per share. The firm’s revenue was up 12.6% on a year-over-year basis. On average, analysts expect that Itron, Inc. will post 4.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ITRI shares. Roth Mkm reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Itron in a research note on Wednesday, August 21st. TD Cowen upped their price target on Itron from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. BNP Paribas assumed coverage on shares of Itron in a research report on Thursday, September 5th. They set an “outperform” rating and a $133.00 price objective on the stock. Stephens restated an “equal weight” rating and set a $110.00 target price on shares of Itron in a research report on Monday, August 5th. Finally, Piper Sandler raised their target price on shares of Itron from $109.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Itron has a consensus rating of “Moderate Buy” and a consensus target price of $118.64.

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.