Itron, Inc. (NASDAQ:ITRI – Get Rating) has been given a consensus rating of "Hold" by the twelve ratings firms that are currently covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $62.13.

Several brokerages have commented on ITRI. Raymond James lowered their price target on Itron from $72.00 to $68.00 and set a "strong-buy" rating on the stock in a report on Tuesday, July 12th. Morgan Stanley lowered their price target on Itron from $60.00 to $55.00 and set an "equal weight" rating on the stock in a report on Thursday, June 9th. StockNews.com downgraded shares of Itron from a "buy" rating to a "hold" rating in a research note on Friday, August 5th. JPMorgan Chase & Co. downgraded shares of Itron from an "overweight" rating to a "neutral" rating and set a $65.00 price objective on the stock. in a research note on Monday, August 8th. Finally, Stephens downgraded shares of Itron from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $65.00 to $55.00 in a research note on Friday, August 5th.

Itron Trading Down 2.7 %

NASDAQ:ITRI opened at $45.25 on Friday. The stock's 50 day moving average price is $51.02 and its 200 day moving average price is $50.00. Itron has a 52 week low of $43.18 and a 52 week high of $81.36. The company has a market capitalization of $2.04 billion, a P/E ratio of -21.14 and a beta of 1.29. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.26 and a current ratio of 1.64.

Insider Activity

In other news, CEO Thomas Deitrich sold 2,605 shares of the firm's stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $47.66, for a total value of $124,154.30. Following the completion of the sale, the chief executive officer now directly owns 146,997 shares in the company, valued at $7,005,877.02. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last ninety days, insiders sold 2,974 shares of company stock worth $141,918. 1.37% of the stock is owned by corporate insiders.

Institutional Trading of Itron

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Federated Hermes Inc. increased its stake in shares of Itron by 35.2% in the second quarter. Federated Hermes Inc. now owns 841,344 shares of the scientific and technical instruments company's stock valued at $41,587,000 after buying an additional 218,861 shares in the last quarter. Guinness Asset Management LTD increased its position in Itron by 2.2% in the second quarter. Guinness Asset Management LTD now owns 517,040 shares of the scientific and technical instruments company's stock worth $25,557,000 after purchasing an additional 10,927 shares during the period. Guinness Atkinson Asset Management Inc increased its position in Itron by 5.9% in the second quarter. Guinness Atkinson Asset Management Inc now owns 15,190 shares of the scientific and technical instruments company's stock worth $751,000 after purchasing an additional 846 shares during the period. Amundi increased its position in Itron by 345.3% in the second quarter. Amundi now owns 889,826 shares of the scientific and technical instruments company's stock worth $43,979,000 after purchasing an additional 689,990 shares during the period. Finally, Legal & General Group Plc increased its position in Itron by 2.2% in the second quarter. Legal & General Group Plc now owns 269,621 shares of the scientific and technical instruments company's stock worth $13,327,000 after purchasing an additional 5,740 shares during the period. 97.36% of the stock is currently owned by institutional investors and hedge funds.

About Itron

(Get Rating)

Itron, Inc, a technology and service company, provides end-to-end solutions that help manage operations in the energy, water, and smart city space 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.

Read More

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