Position

Jul 27, 2020

Heritage Investors Management Corp Takes Position in Itron, Inc. (NASDAQ:ITRI) Posted by Amber O'Connor on Jul 27th, 2020 Daily Ratings & News for Itron Complete the form below to receive the latest headlines and analysts' recommendations for Itron with our free daily email newsletter: Heritage Investors Management Corp purchased a new stake in shares of Itron, Inc. (NASDAQ:ITRI) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,510 shares of the scientific and technical instruments company’s stock, valued at approximately $299,000. Several other institutional investors also recently bought and sold shares of ITRI. FMR LLC grew its holdings in shares of Itron by 3.1% during the 1st quarter. FMR LLC now owns 253,752 shares of the scientific and technical instruments company’s stock valued at $11,837,000 after acquiring an additional 7,614 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Itron by 12.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 260,775 shares of the scientific and technical instruments company’s stock worth $21,892,000 after purchasing an additional 29,490 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Itron by 48.8% in the fourth quarter. AQR Capital Management LLC now owns 11,387 shares of the scientific and technical instruments company’s stock worth $956,000 after purchasing an additional 3,733 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in Itron in the fourth quarter worth $720,000. Finally, Man Group plc boosted its holdings in Itron by 288.4% in the fourth quarter. Man Group plc now owns 31,612 shares of the scientific and technical instruments company’s stock worth $2,654,000 after purchasing an additional 23,472 shares in the last quarter. Institutional investors and hedge funds own 94.42% of the company’s stock. Get Itron alerts: In other news, SVP Donald L. Reeves III sold 379 shares of the company’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $66.60, for a total transaction of $25,241.40. Following the completion of the transaction, the senior vice president now owns 5,450 shares of the company’s stock, valued at $362,970. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link . Also, CFO Joan S. Hooper sold 504 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $62.63, for a total transaction of $31,565.52. Following the transaction, the chief financial officer now directly owns 26,452 shares of the company’s stock, valued at approximately $1,656,688.76. The disclosure for this sale can be found here . Insiders have sold 5,744 shares of company stock valued at $380,807 in the last ninety days. 1.72% of the stock is owned by company insiders. Itron stock opened at $67.71 on Monday. The firm has a fifty day moving average price of $67.01 and a two-hundred day moving average price of $69.53. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 45.75, a P/E/G ratio of 1.81 and a beta of 1.33. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.08 and a quick ratio of 1.75. Itron, Inc. has a fifty-two week low of $40.48 and a fifty-two week high of $88.32. Itron (NASDAQ:ITRI) last announced its quarterly earnings data on Monday, May 4th. The scientific and technical instruments company reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.01. The business had revenue of $598.40 million during the quarter, compared to analyst estimates of $614.83 million. Itron had a net margin of 2.40% and a return on equity of 16.47%. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.70 earnings per share. As a group, sell-side analysts expect that Itron, Inc. will post 1.5 earnings per share for the current year. A number of brokerages recently issued reports on ITRI. Oppenheimer decreased their price objective on shares of Itron from $90.00 to $82.00 and set an “outperform” rating for the company in a report on Friday, June 26th. JMP Securities decreased their price objective on shares of Itron from $95.00 to $80.00 and set a “market outperform” rating for the company in a report on Tuesday, May 5th. ValuEngine lowered shares of Itron from a “hold” rating to a “sell” rating in a research report on Monday, March 30th. Johnson Rice started coverage on shares of Itron in a research report on Tuesday, May 26th. They set a “buy” rating and a $80.00 target price for the company. Finally, Cowen cut their target price on shares of Itron from $88.50 to $78.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $81.50. About Itron Itron, Inc, a technology and service company, provides end-to-end solutions that measures, manages, and analyzes energy and water use worldwide. The company operates through three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing. Want to see what other hedge funds are holding ITRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Itron, Inc. (NASDAQ:ITRI). 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