4,425 Shares in Itron, Inc. (NASDAQ:ITRI) Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. purchased a new stake in Itron, Inc. (NASDAQ:ITRI - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 4,425 shares of the scientific and technical instruments company's stock, valued at approximately $473,000.

Several other hedge funds also recently added to or reduced their stakes in ITRI. Janney Montgomery Scott LLC raised its stake in shares of Itron by 1.7% during the third quarter. Janney Montgomery Scott LLC now owns 11,425 shares of the scientific and technical instruments company's stock valued at $1,220,000 after purchasing an additional 190 shares during the period. Farther Finance Advisors LLC increased its stake 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 period. Measured Wealth Private Client Group LLC lifted its holdings in Itron by 7.0% in the 3rd quarter. Measured Wealth Private Client Group LLC now owns 3,476 shares of the scientific and technical instruments company's stock worth $371,000 after buying an additional 227 shares in the last quarter. Pinnacle Associates Ltd. lifted its holdings in Itron by 9.3% in the 3rd quarter. Pinnacle Associates Ltd. now owns 398,372 shares of the scientific and technical instruments company's stock worth $42,550,000 after buying an additional 34,014 shares in the last quarter. Finally, Adams Natural Resources Fund Inc. purchased a new position in Itron in the 3rd quarter valued at about $3,023,000. 96.19% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Thomas Deitrich sold 37,500 shares of the firm's 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 owns 205,276 shares in the company, valued at approximately $21,519,083.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Thomas Deitrich sold 37,500 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 205,276 shares of the company's stock, valued at approximately $21,519,083.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Donald L. Reeves III sold 4,210 shares of the business's stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $101.00, for a total value of $425,210.00. Following the completion of the sale, the senior vice president now owns 16,269 shares of the company's stock, valued at approximately $1,643,169. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,198 shares of company stock valued at $4,508,334 over the last ninety days. Corporate insiders own 1.45% of the company's stock.

Itron Stock Up 0.6 %

Shares of Itron stock traded up $0.72 on Monday, hitting $124.45. 267,464 shares of the company traded hands, compared to its average volume of 524,662. Itron, Inc. has a 12-month low of $62.74 and a 12-month high of $124.90. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91. The company has a market cap of $5.61 billion, a PE ratio of 25.50, a PEG ratio of 0.93 and a beta of 1.46. The company has a 50-day moving average price of $106.20 and a 200 day moving average price of $103.94.

Itron (NASDAQ:ITRI - Get Free Report) 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. The company 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 quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the business earned $0.98 EPS. Sell-side analysts predict that Itron, Inc. will post 5.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ITRI. Roth Mkm boosted their price target on Itron from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Stephens reaffirmed an "equal weight" rating and set a $110.00 target price on shares of Itron in a report on Monday, August 5th. Oppenheimer lifted their price objective on shares of Itron from $120.00 to $124.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. TD Cowen upped their price objective on shares of Itron from $125.00 to $136.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Itron from $104.00 to $112.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 16th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the company 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.