Farther Finance Advisors LLC Buys 129 Shares of Itron, Inc. (NASDAQ:ITRI)

Farther Finance Advisors LLC raised its stake in Itron, Inc. (NASDAQ:ITRI) by 21.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 724 shares of the scientific and technical instruments company’s stock after buying an additional 129 shares during the period. Farther Finance Advisors LLC’s holdings in Itron were worth $77,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hexagon Capital Partners LLC boosted its holdings in shares of Itron by 85.6% during the 2nd quarter. Hexagon Capital Partners LLC now owns 271 shares of the scientific and technical instruments company’s stock valued at $27,000 after acquiring an additional 125 shares in the last quarter. Quarry LP raised its position in Itron by 53.0% in the second quarter. Quarry LP now owns 352 shares of the scientific and technical instruments company’s stock valued at $35,000 after purchasing an additional 122 shares during the last quarter. GAMMA Investing LLC raised its position in Itron by 46.6% in the second quarter. GAMMA Investing LLC now owns 720 shares of the scientific and technical instruments company’s stock valued at $71,000 after purchasing an additional 229 shares during the last quarter. CWM LLC boosted its stake in shares of 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 purchasing an additional 669 shares in the last quarter. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Itron during the second quarter worth about $129,000. Institutional investors own 96.19% of the company’s stock.

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

Itron Trading Down 2.6 %

ITRI opened at $121.23 on Wednesday. The company has a market cap of $5.47 billion, a P/E ratio of 24.84, a price-to-earnings-growth ratio of 0.93 and a beta of 1.46. The company has a fifty day moving average price of $106.67 and a two-hundred day moving average price of $104.11. The company has a current ratio of 3.36, a quick ratio of 2.83 and a debt-to-equity ratio of 0.91. Itron, Inc. has a 1-year low of $62.74 and a 1-year high of $124.90.

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

Analyst Ratings Changes

ITRI has been the subject of a number of research reports. Roth Mkm raised their price objective on shares of Itron from $125.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 1st. Guggenheim upped their price target on Itron from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. BNP Paribas assumed coverage on Itron in a research report on Thursday, September 5th. They set an “outperform” rating and a $133.00 price objective for the company. Oppenheimer upped their target price on Itron from $120.00 to $124.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Piper Sandler boosted their price target on shares of Itron from $110.00 to $119.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $123.92.

About Itron

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.