On February 2, Donald L. Reeves III, Senior Vice President and General Counsel of Itron, INC (NASDAQ: ITRI), sold 1,000 shares of the company’s stock.
The shares were sold for a total of $60,000, which works out to a price of $60.00 per share on average when divided by the total amount.
Because of the transaction, the senior vice president has direct ownership of 8,158 shares of the company’s stock.
Based on the stock’s current price, this gives the senior vice president a net worth of approximately $489,480.
If you follow this link, you will be taken to the SEC filing in which the sale was disclosed.
Please click on the link to proceed.
On November 3, 2018, Itron (NASDAQ: ITRI) shared its most recent quarterly earnings report with the investing community.
The manufacturer of technical and scientific equipment reported earnings per share of $0.23 for the quarter, which was in line with the prediction made by most investors, which was also $0.23.
Even though Itron had a negative net margin of 5.01%, the company still had a positive return on equity of 4.62%.
Despite analysts’ predictions that the company would bring in $459.68 million in revenue during the quarter, the actual amount that the company was able to bring in was only $420.86 million.
Equity research analysts forecast that Itron, INC will generate $0.51 in profit per share this year.
In the most recent period, ITRI holdings were rebalanced by several hedge funds and other institutional investors.
These investors include pension funds and endowments.
At the end of the third quarter, the holdings of Vanguard Group INC saw an increase of 2.1% due to the addition of Itron. Vanguard Group INC now owns a total of 5,080,619 shares of the scientific and technical instruments company’s stock, which has a value of $213,945,000 after purchasing an additional 106,342 shares of the company’s stock during the quarter. Vanguard Group, INC purchased these shares During the third quarter; Dimensional Fund Advisors LP increased the number of Itron shares that comprised the proportion of the company’s holdings in its portfolio by 3.1%.
After making an additional purchase of 37,711 shares of the scientific and technical equipment company during the most recent fiscal quarter, Dimensional Fund Advisors LP now holds a total of 1,260,616 of these shares in its portfolio.
The current price of these shares puts their market value at $53,087,000.
During the first three months of 2018, First Trust Advisors LP made a 12.5% purchase of additional Itron stock, bringing the total amount of the company’s ownership to 100%. First Trust Advisors LP increased its holdings in the stock of the scientific and technical instruments company by purchasing an additional 110,107 shares during the most recent quarter.
As a result, the investment advisory firm now owns 991,633 shares of the company’s stock, which has a value of $52,239,000.
Amundi’s total ownership of Itron went up by 345.3 percent during the second quarter thanks to the company’s purchases.
Amundi now has 889,826 shares of the scientific and technical instruments company’s stock after purchasing an additional 689,990 shares during the most recent quarter.
The value of all of Amundi’s shares in the company is $43,979,000 at the current market price.
And finally, during the third quarter, PGGM Investments broadened its holdings by increasing its holdings in Itron by purchasing an additional position valued at approximately $36,741,000.
Institutional investors and hedge funds collectively hold a stake in the company equal to 96.64% of the total number of shares outstanding.
This past Friday, we saw a $0.60 decrease in an individual share of ITRI, bringing the current price to $59.27.
The number of shares that changed hands in the stock trading was 234,755, which is about the same as the typical number of shares traded.
The current ratio to the quick ratio is 1.61; the current ratio to the quick ratio is 1.20; and the debt to equity ratio is 0.40.
During the same period, Itron, INC’s share price reached a one-year high of $60.61 and a one-year low of $39.38.
The moving average of the company’s stock price over the past 50 days is $53.74, and the moving average over the last 200 days is $50.82.
In the form of a report, several equity research analysts have each offered their thoughts on the ITRI stock. StockNews.com gave Itron’s stock a “buy” rating in a research report released on December 14.
The report was published online.
In a report released on Thursday, Cowen increased their price objective on Itron from $55.00 to $72.00 and gave the company an “outperform” rating.
In a report published on Friday, November 4, Morgan Stanley lowered their rating on Itron shares from “equal weight” to “underweight” and lowered their price target on the stock from $55.00 to $50.00.
Both of these changes were made.
In a research note published on Friday, November 4, Raymond James lowered their price objective on shares of Itron from $60.00 to $55.00 and rated the stock as a “strong buy.” EF Hutton Acquisition Co lowered their price target on Itron shares from $72.00 to $60.00 and gave the company a “buy” rating in a research report published on Friday, November 4.
This is a result of the fact that they had previously advised holding off on investing in the company. Five of the equity research analysts polled have indicated that investors should continue to hold onto the stock.
In contrast, three have indicated that investors should buy the stock, and one has indicated that investors should strongly buy the stock.
According to the information made available by Bloomberg, the company is currently rated as having a “Moderate Buy” average rating and a price objective of $57.0.
Itron, INC is a technology and services company that provides solutions that make it possible to measure, manage, and analyze the amount of water and electricity used.
The company’s three distinct operational divisions are device solutions, networked solutions, and outcomes.
The company is organized in this way to maximize efficiency.
There is hardware in the Device Solutions sector that can be used for measurement, control, or sensing; however, no embedded communications can be used with Itron systems.
This is a limitation of the Device Solutions sector.
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