Itron, Inc. (NASDAQ:ITRI) Holdings Raised by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its stake in Itron, Inc. (NASDAQ:ITRI) by 5.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,084 shares of the scientific and technical instruments company’s stock after buying an additional 1,465 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.06% of Itron worth $3,158,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Intech Investment Management LLC lifted its position in Itron by 105.9% in the 3rd quarter. Intech Investment Management LLC now owns 19,444 shares of the scientific and technical instruments company’s stock worth $2,077,000 after buying an additional 10,001 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Itron by 0.5% during 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 in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Itron by 78.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 6,083 shares of the scientific and technical instruments company’s stock valued at $660,000 after purchasing an additional 2,671 shares in the last quarter. Systematic Financial Management LP raised its holdings in shares of Itron by 12.2% during the 3rd quarter. Systematic Financial Management LP now owns 134,362 shares of the scientific and technical instruments company’s stock valued at $14,351,000 after purchasing an additional 14,590 shares in the last quarter. Finally, Merit Financial Group LLC bought a new position in shares of Itron during the 4th quarter valued at $301,000. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Analysts Set New Price Targets

ITRI has been the topic of a number of recent research reports. Oppenheimer raised their price target on shares of Itron from $124.00 to $131.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. Piper Sandler raised their price target on shares of Itron from $119.00 to $124.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. StockNews.com downgraded shares of Itron from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 1st. Canaccord Genuity Group raised their price target on shares of Itron from $130.00 to $132.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Finally, Guggenheim cut their price target on shares of Itron from $135.00 to $133.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.64.

Insiders Place Their Bets

In other Itron news, CAO David Marshall Wright sold 317 shares of the firm’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 $29,449.30. Following the sale, the chief accounting officer now directly owns 8,108 shares in the company, valued at $753,233.20. This trade represents a 3.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mary C. Hemmingsen sold 750 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $107.27, for a total transaction of $80,452.50. Following the transaction, the director now directly owns 5,630 shares of the company’s stock, valued at $603,930.10. The trade was a 11.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,037 shares of company stock worth $385,815 in the last ninety days. Insiders own 1.45% of the company’s stock.

Itron Stock Performance

NASDAQ ITRI opened at $105.76 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 21.67, a P/E/G ratio of 0.81 and a beta of 1.49. The company’s fifty day moving average is $104.00 and its two-hundred day moving average is $107.56. Itron, Inc. has a 52-week low of $87.91 and a 52-week high of $124.90.

Itron 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.