CoreCap Advisors LLC Buys 125 Shares of Itron, Inc. (NASDAQ:ITRI)

CoreCap Advisors LLC boosted its stake in Itron, Inc. (NASDAQ:ITRI) by 25.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 616 shares of the scientific and technical instruments company’s stock after purchasing an additional 125 shares during the period. CoreCap Advisors LLC’s holdings in Itron were worth $67,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. GeoWealth Management LLC grew its position in Itron by 4,580.0% in the 4th quarter. GeoWealth Management LLC now owns 234 shares of the scientific and technical instruments company’s stock worth $25,000 after purchasing an additional 229 shares during the period. Hager Investment Management Services LLC bought a new stake in Itron in the 4th quarter worth approximately $67,000. Contravisory Investment Management Inc. grew its position in Itron by 154.9% in the 4th quarter. Contravisory Investment Management Inc. now owns 864 shares of the scientific and technical instruments company’s stock worth $94,000 after purchasing an additional 525 shares during the period. Smartleaf Asset Management LLC grew its position in Itron by 347.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 886 shares of the scientific and technical instruments company’s stock worth $97,000 after purchasing an additional 688 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its position in Itron by 43.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,820 shares of the scientific and technical instruments company’s stock worth $198,000 after purchasing an additional 548 shares during the period. Institutional investors own 96.19% of the company’s stock.

Itron Trading Up 2.4%

Shares of Itron stock opened at $115.10 on Wednesday. The company has a market capitalization of $5.25 billion, a P/E ratio of 23.59, a P/E/G ratio of 0.81 and a beta of 1.31. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.83 and a current ratio of 3.36. The company has a fifty day moving average of $104.68 and a 200 day moving average of $107.76. Itron, Inc. has a fifty-two week low of $90.11 and a fifty-two week high of $124.90.

Itron (NASDAQ:ITRI) last issued its earnings results on Thursday, May 1st. The scientific and technical instruments company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.22. The company had revenue of $607.15 million during the quarter, compared to the consensus estimate of $608.86 million. Itron had a net margin of 9.37% and a return on equity of 19.03%. Itron’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.24 EPS. On average, sell-side analysts anticipate that Itron, Inc. will post 5.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on ITRI. Guggenheim reaffirmed a “buy” rating and issued a $133.00 target price on shares of Itron in a research report on Thursday, April 17th. Piper Sandler cut their price objective on shares of Itron from $124.00 to $121.00 and set a “neutral” rating for the company in a research report on Monday, May 5th. StockNews.com downgraded shares of Itron from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 1st. Canaccord Genuity Group boosted their price objective on shares of Itron from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Finally, Oppenheimer boosted their price objective on shares of Itron from $124.00 to $131.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $127.36.

Insiders Place Their Bets

In other Itron news, CFO Joan S. Hooper sold 2,322 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $92.90, for a total value of $215,713.80. Following the sale, the chief financial officer now owns 92,076 shares in the company, valued at $8,553,860.40. The trade was a 2.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Christopher E. Ware sold 648 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $92.90, for a total transaction of $60,199.20. Following the completion of the sale, the senior vice president now owns 20,326 shares in the company, valued at approximately $1,888,285.40. The trade was a 3.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,187 shares of company stock worth $945,620 in the last 90 days. 1.45% of the stock is currently owned by corporate insiders.

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.