Itron, Inc. (NASDAQ:ITRI) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC cut its stake in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 41.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,302 shares of the scientific and technical instruments company's stock after selling 12,485 shares during the period. Natixis Advisors LLC's holdings in Itron were worth $1,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Covestor Ltd grew its stake in shares of Itron by 26.1% during the third 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 last quarter. Quarry LP lifted its stake in Itron by 53.0% in the second quarter. Quarry LP now owns 352 shares of the scientific and technical instruments company's stock worth $35,000 after acquiring an additional 122 shares during the period. Hexagon Capital Partners LLC raised its holdings in shares of Itron by 85.6% in 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 purchasing an additional 125 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Itron by 21.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the scientific and technical instruments company's stock valued at $77,000 after purchasing an additional 129 shares in the last quarter. Finally, Xponance Inc. raised its holdings in shares of Itron by 5.1% in the 2nd quarter. Xponance Inc. now owns 2,910 shares of the scientific and technical instruments company's stock valued at $288,000 after purchasing an additional 142 shares in the last quarter. Institutional investors own 96.19% of the company's stock.

Itron Stock Performance

NASDAQ ITRI traded down $0.70 during mid-day trading on Tuesday, reaching $118.00. 477,342 shares of the stock were exchanged, compared to its average volume of 521,823. The business's 50 day moving average is $109.84 and its 200-day moving average is $105.04. Itron, Inc. has a 1 year low of $65.42 and a 1 year high of $124.90. The company has a market capitalization of $5.32 billion, a P/E ratio of 24.18, a P/E/G ratio of 0.89 and a beta of 1.46. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.83 and a current ratio of 3.36.

Itron (NASDAQ:ITRI - Get Free Report) last announced 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 analysts' consensus estimates of $1.13 by $0.71. Itron had a net margin of 9.37% and a return on equity of 19.03%. The firm 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 firm posted $0.98 earnings per share. The firm's quarterly revenue was up 9.8% compared to the same quarter last year. On average, equities research analysts forecast that Itron, Inc. will post 5.33 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on ITRI shares. Robert W. Baird boosted their price objective on shares of Itron from $123.00 to $132.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Roth Mkm upped their price target on shares of Itron from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Stephens restated an "equal weight" rating and set a $110.00 price target on shares of Itron in a research note on Monday, August 5th. BNP Paribas began coverage on shares of Itron in a research note on Thursday, September 5th. They set an "outperform" rating and a $133.00 price target on the stock. Finally, Oppenheimer upped their price target on shares of Itron from $120.00 to $124.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $123.92.

Insider Buying and Selling at Itron

In other Itron news, CEO Thomas Deitrich sold 37,500 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $104.83, for a total transaction of $3,931,125.00. Following the transaction, the chief executive officer now directly 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 document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.45% of the company's stock.

Itron 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.