Amalgamated Bank Has $1.42 Million Position in Itron, Inc. (NASDAQ:ITRI)

Amalgamated Bank cut its stake in Itron, Inc. (NASDAQ:ITRI) by 5.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,301 shares of the scientific and technical instruments company’s stock after selling 704 shares during the quarter. Amalgamated Bank’s holdings in Itron were worth $1,421,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quarry LP increased its holdings in shares of Itron by 53.0% during the 2nd quarter. Quarry LP now owns 352 shares of the scientific and technical instruments company’s stock valued at $35,000 after acquiring an additional 122 shares during the last quarter. 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 valued at $27,000 after buying an additional 125 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Itron by 21.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the scientific and technical instruments company’s stock worth $77,000 after purchasing an additional 129 shares during the last quarter. Xponance Inc. boosted its stake in Itron by 5.1% in the second quarter. Xponance Inc. now owns 2,910 shares of the scientific and technical instruments company’s stock valued at $288,000 after acquiring an additional 142 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Itron by 1.7% during the third quarter. Janney Montgomery Scott LLC now owns 11,425 shares of the scientific and technical instruments company’s stock worth $1,220,000 after purchasing an additional 190 shares during the period. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

Itron Stock Down 1.6 %

NASDAQ:ITRI opened at $119.27 on Thursday. Itron, Inc. has a fifty-two week low of $64.55 and a fifty-two week high of $124.90. The firm has a market cap of $5.38 billion, a P/E ratio of 24.44, a P/E/G ratio of 0.91 and a beta of 1.46. The firm has a 50-day simple moving average of $107.11 and a two-hundred day simple moving average of $104.22. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.83 and a current ratio of 3.36.

Itron (NASDAQ:ITRI) last issued its quarterly earnings data on Thursday, October 31st. The scientific and technical instruments company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.71. The firm had revenue of $615.46 million during the quarter, compared to the consensus estimate of $596.41 million. Itron had a net margin of 9.37% and a return on equity of 19.03%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 EPS. Analysts predict that Itron, Inc. will post 5.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Itron news, SVP Donald L. Reeves III sold 4,210 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $101.00, for a total transaction of $425,210.00. Following the completion of the transaction, the senior vice president now owns 16,269 shares in the company, valued at $1,643,169. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Donald L. Reeves III sold 4,210 shares of Itron stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $101.00, for a total value of $425,210.00. Following the transaction, the senior vice president now directly owns 16,269 shares in the company, valued at approximately $1,643,169. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas Deitrich sold 887 shares of Itron stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $102.15, for a total transaction of $90,607.05. Following the completion of the transaction, the chief executive officer now directly owns 205,276 shares in the company, valued at approximately $20,968,943.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,276 shares of company stock worth $4,517,947. Insiders own 1.45% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Oppenheimer boosted their price target on Itron from $120.00 to $124.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Piper Sandler boosted their price target on Itron from $110.00 to $119.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Stephens restated an “equal weight” rating and set a $110.00 target price on shares of Itron in a research note on Monday, August 5th. Robert W. Baird boosted their price target on Itron from $123.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Guggenheim increased their target price on shares of Itron from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Itron has a consensus rating of “Moderate Buy” and a consensus price target of $123.92.

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.