Itron, Inc. (NASDAQ:ITRI) Shares Bought by Centiva Capital LP

Centiva Capital LP raised its position in Itron, Inc. (NASDAQ:ITRI - Free Report) by 114.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,542 shares of the scientific and technical instruments company's stock after purchasing an additional 6,686 shares during the quarter. Centiva Capital LP's holdings in Itron were worth $1,340,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC lifted its holdings in 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 worth $27,000 after buying an additional 125 shares in the last quarter. Quarry LP raised its position in Itron by 53.0% in the 2nd 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 in the last quarter. Covestor Ltd boosted its stake in shares of Itron by 26.1% in the 3rd quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company's stock valued at $57,000 after buying an additional 111 shares during the period. GAMMA Investing LLC raised its holdings in shares of Itron by 46.6% in the 2nd 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 in the last quarter. Finally, Farther Finance Advisors LLC lifted 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 buying an additional 129 shares during the last quarter. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on ITRI. BNP Paribas assumed coverage on Itron in a report on Thursday, September 5th. They set an "outperform" rating and a $133.00 price objective on the stock. Roth Mkm increased their price objective on Itron from $125.00 to $130.00 and gave the company a "buy" rating in a report on Friday, November 1st. Piper Sandler upped their price target on shares of Itron from $110.00 to $119.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. TD Cowen raised their price objective on shares of Itron from $125.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, Guggenheim upped their target price on shares of Itron from $128.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $123.92.

Insider Activity

In related news, CEO Thomas Deitrich sold 37,500 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $104.83, for a total transaction of $3,931,125.00. Following the sale, the chief executive officer now owns 205,276 shares of the company's stock, valued at $21,519,083.08. This trade represents a 15.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.45% of the company's stock.

Itron Price Performance

Shares of NASDAQ:ITRI traded down $2.29 during trading on Thursday, hitting $115.80. 529,287 shares of the stock were exchanged, compared to its average volume of 516,923. The company has a market cap of $5.22 billion, a PE ratio of 24.20, a P/E/G ratio of 0.89 and a beta of 1.46. The company has a current ratio of 3.36, a quick ratio of 2.83 and a debt-to-equity ratio of 0.91. The company has a fifty day moving average price of $111.67 and a two-hundred day moving average price of $105.58. Itron, Inc. has a 12-month low of $67.21 and a 12-month high of $124.90.

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

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.