Trium Capital LLP Makes New $367,000 Investment in Itron, Inc. (NASDAQ:ITRI)

Trium Capital LLP bought a new stake in Itron, Inc. (NASDAQ:ITRI) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,506 shares of the scientific and technical instruments company’s stock, valued at approximately $367,000.

A number of other institutional investors have also modified their holdings of ITRI. Proficio Capital Partners LLC purchased a new stake in shares of Itron in the 4th quarter worth about $30,000. Steward Partners Investment Advisory LLC increased its position in Itron by 43.1% during 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 in the last quarter. Atria Investments Inc grew its position in Itron by 7.5% in the fourth quarter. Atria Investments Inc now owns 9,311 shares of the scientific and technical instruments company’s stock valued at $1,011,000 after acquiring an additional 651 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its position in Itron by 7.4% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,081 shares of the scientific and technical instruments company’s stock valued at $369,000 after acquiring an additional 213 shares in the last quarter. Finally, Inspire Advisors LLC purchased a new position in shares of Itron during the 4th quarter valued at approximately $213,000. 96.19% of the stock is owned by institutional investors and hedge funds.

Itron Stock Performance

ITRI opened at $133.56 on Wednesday. The business has a fifty day simple moving average of $120.13 and a 200 day simple moving average of $109.87. The company has a market capitalization of $6.09 billion, a PE ratio of 24.37, a price-to-earnings-growth ratio of 0.85 and a beta of 1.35. Itron, Inc. has a 1 year low of $90.11 and a 1 year high of $136.24. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.93 and a quick ratio of 1.65.

Itron (NASDAQ:ITRI) last posted its quarterly earnings results on Thursday, May 1st. The scientific and technical instruments company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.22. The company had revenue of $607.15 million during the quarter, compared to analysts’ expectations of $608.86 million. Itron had a return on equity of 19.65% and a net margin of 10.34%. Itron’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.24 EPS. Research analysts expect that Itron, Inc. will post 5.33 EPS for the current year.

Analyst Ratings Changes

ITRI has been the topic of a number of recent research reports. Wall Street Zen cut Itron from a “buy” rating to a “hold” rating in a research note on Sunday, June 1st. Guggenheim restated a “buy” rating and set a $133.00 price objective on shares of Itron in a research note on Thursday, April 17th. TD Cowen lifted their price objective on shares of Itron from $139.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, June 20th. Finally, Piper Sandler lowered their target price on Itron from $124.00 to $121.00 and set a “neutral” rating on the stock in a report on Monday, May 5th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.18.

Insider Transactions at Itron

In other Itron news, SVP Donald L. Reeves III sold 529 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $114.95, for a total transaction of $60,808.55. Following the completion of the transaction, the senior vice president directly owned 20,151 shares of the company’s stock, valued at approximately $2,316,357.45. This represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Justin K. Patrick sold 9,036 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $121.77, for a total value of $1,100,313.72. Following the completion of the sale, the senior vice president owned 21,149 shares in the company, valued at $2,575,313.73. This trade represents a 29.94% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,905 shares of company stock valued at $2,439,202. Corporate insiders own 1.51% of the company’s stock.

Itron Company 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.