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Sanctuary Advisors LLC Purchases 11,363 Shares of Itron, Inc. (NASDAQ:ITRI)

Itron logo with Computer and Technology background

Sanctuary Advisors LLC grew its stake in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 454.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,862 shares of the scientific and technical instruments company's stock after acquiring an additional 11,363 shares during the period. Sanctuary Advisors LLC's holdings in Itron were worth $1,481,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ITRI. Virtue Capital Management LLC raised its position in Itron by 2.2% during the third quarter. Virtue Capital Management LLC now owns 7,830 shares of the scientific and technical instruments company's stock valued at $836,000 after acquiring an additional 168 shares in the last quarter. Coldstream Capital Management Inc. bought a new position in shares of Itron during the 3rd quarter valued at $350,000. Geode Capital Management LLC lifted its stake in shares of Itron by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,074,940 shares of the scientific and technical instruments company's stock valued at $114,835,000 after purchasing an additional 5,630 shares during the last quarter. Continuum Advisory LLC boosted its holdings in Itron by 42.1% in the third quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company's stock worth $40,000 after purchasing an additional 102 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd increased its position in Itron by 8.6% during the third quarter. Y Intercept Hong Kong Ltd now owns 7,912 shares of the scientific and technical instruments company's stock worth $845,000 after buying an additional 624 shares during the last quarter. 96.19% of the stock is owned by institutional investors and hedge funds.

Itron Stock Performance

Itron stock traded up $1.03 during trading hours on Friday, hitting $109.02. The stock had a trading volume of 1,382,951 shares, compared to its average volume of 517,293. The company has a 50-day moving average of $113.20 and a two-hundred day moving average of $105.94. 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 $4.92 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 0.86 and a beta of 1.46. Itron, Inc. has a fifty-two week low of $67.21 and a fifty-two week high of $124.90.

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

Insider Transactions at Itron

In other Itron news, CEO Thomas Deitrich sold 37,500 shares of the company's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $104.83, for a total value of $3,931,125.00. Following the sale, the chief executive officer now directly owns 205,276 shares in the company, valued at $21,519,083.08. This represents a 15.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.45% of the stock is currently owned by insiders.

Analyst Ratings Changes

ITRI has been the subject of a number of analyst reports. TD Cowen boosted their price target on Itron from $125.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Janney Montgomery Scott assumed coverage on Itron in a research report on Friday, September 27th. They set a "buy" rating and a $131.00 target price for the company. Guggenheim increased their price target on Itron from $128.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Robert W. Baird upped their price objective on shares of Itron from $123.00 to $132.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Finally, BNP Paribas initiated coverage on shares of Itron in a report on Thursday, September 5th. They issued an "outperform" rating and a $133.00 target price on the stock. 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, Itron has a consensus rating of "Moderate Buy" and an average price target of $123.92.

Check Out Our Latest Analysis on Itron

Itron Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

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