Itron, Inc. (NASDAQ:ITRI) Shares Acquired by CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its holdings in Itron, Inc. (NASDAQ:ITRI - Free Report) by 33.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,000 shares of the scientific and technical instruments company's stock after buying an additional 10,000 shares during the quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT owned 0.09% of Itron worth $4,272,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ITRI. Hexagon Capital Partners LLC boosted 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. Quarry LP boosted its stake in shares of 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 buying an additional 122 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Itron by 32.7% in the first quarter. GAMMA Investing LLC now owns 491 shares of the scientific and technical instruments company's stock valued at $45,000 after buying an additional 121 shares in the last quarter. CWM LLC boosted its stake in shares of Itron by 315.6% in the second quarter. CWM LLC now owns 881 shares of the scientific and technical instruments company's stock valued at $87,000 after buying an additional 669 shares in the last quarter. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Itron in the second quarter valued at approximately $129,000. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Itron

In other Itron news, CEO Thomas Deitrich sold 887 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now owns 205,276 shares of the company's stock, valued at approximately $20,968,943.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Thomas Deitrich sold 887 shares of the company's stock in a transaction dated Monday, August 26th. The stock was 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 owns 205,276 shares of the company's stock, valued at $20,968,943.40. This represents 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 hyperlink. Also, CFO Joan S. Hooper sold 509 shares of the company's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $102.15, for a total value of $51,994.35. Following the completion of the sale, the chief financial officer now directly owns 72,338 shares of the company's stock, valued at $7,389,326.70. 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 sold 43,276 shares of company stock valued at $4,515,846. Company insiders own 1.45% of the company's stock.

Itron Trading Down 1.9 %

Shares of NASDAQ:ITRI traded down $1.91 during midday trading on Tuesday, reaching $101.24. The company's stock had a trading volume of 253,608 shares, compared to its average volume of 517,927. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of 29.28, a price-to-earnings-growth ratio of 0.91 and a beta of 1.47. The company has a quick ratio of 2.61, a current ratio of 3.16 and a debt-to-equity ratio of 0.98. Itron, Inc. has a 1 year low of $56.11 and a 1 year high of $113.07. The business has a 50 day moving average price of $102.67 and a 200 day moving average price of $101.85.

Itron (NASDAQ:ITRI - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The scientific and technical instruments company reported $1.21 EPS for the quarter, beating analysts' consensus estimates of $0.96 by $0.25. Itron had a return on equity of 16.42% and a net margin of 7.98%. The business had revenue of $609.07 million during the quarter, compared to the consensus estimate of $599.25 million. During the same quarter in the previous year, the business earned $0.65 earnings per share. The business's revenue for the quarter was up 12.6% on a year-over-year basis. Research analysts forecast that Itron, Inc. will post 4.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ITRI. TD Cowen lifted their price objective on Itron from $115.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. StockNews.com cut Itron from a "strong-buy" rating to a "buy" rating in a report on Friday, June 28th. BNP Paribas began coverage on Itron in a report on Thursday, September 5th. They set an "outperform" rating and a $133.00 price objective for the company. Oppenheimer lifted their price objective on Itron from $110.00 to $112.00 and gave the stock an "outperform" rating in a report on Wednesday, July 17th. Finally, Robert W. Baird boosted their price target on Itron from $115.00 to $123.00 and gave the stock an "outperform" rating in a report on Friday, August 2nd. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $119.67.

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.