John G Ullman & Associates Inc. Has $6.45 Million Holdings in Itron, Inc. (NASDAQ:ITRI)

John G Ullman & Associates Inc. cut its holdings in Itron, Inc. (NASDAQ:ITRI) by 2.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 59,356 shares of the scientific and technical instruments company’s stock after selling 1,776 shares during the quarter. Itron accounts for about 0.9% of John G Ullman & Associates Inc.’s portfolio, making the stock its 28th biggest position. John G Ullman & Associates Inc.’s holdings in Itron were worth $6,445,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Continuum Advisory LLC raised its holdings in shares of Itron by 42.1% in the third quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company’s stock valued at $40,000 after purchasing an additional 102 shares during the last quarter. Quarry LP raised its holdings in shares of Itron by 29.0% in the third quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company’s stock valued at $48,000 after purchasing an additional 102 shares during the last quarter. Covestor Ltd raised its holdings in shares of Itron by 26.1% in the third quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company’s stock valued at $57,000 after purchasing an additional 111 shares during the last quarter. Hager Investment Management Services LLC acquired a new stake in shares of Itron in the fourth quarter valued at approximately $67,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Itron by 21.7% in the third quarter. Farther Finance Advisors LLC now owns 724 shares of the scientific and technical instruments company’s stock valued at $77,000 after purchasing an additional 129 shares during the last quarter. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Itron Trading Up 1.9 %

Shares of Itron stock opened at $108.89 on Friday. The firm has a 50-day moving average of $104.96 and a 200-day moving average of $106.95. The stock has a market cap of $4.91 billion, a PE ratio of 22.31, a PEG ratio of 0.81 and a beta of 1.46. Itron, Inc. has a 52-week low of $86.13 and a 52-week high of $124.90. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.83 and a current ratio of 3.36.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Canaccord Genuity Group raised their target price on shares of Itron from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Wednesday. Oppenheimer raised their target price on shares of Itron from $124.00 to $131.00 and gave the company an “outperform” rating in a research note on Wednesday. Guggenheim reduced their price objective on shares of Itron from $135.00 to $133.00 and set a “buy” rating for the company in a research report on Thursday. Piper Sandler lifted their price objective on shares of Itron from $119.00 to $124.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, StockNews.com cut shares of Itron from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $127.64.

Insider Activity

In related news, CAO David Marshall Wright sold 317 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $92.90, for a total value of $29,449.30. Following the completion of the transaction, the chief accounting officer now owns 8,108 shares of the company’s stock, valued at $753,233.20. The trade was a 3.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mary C. Hemmingsen sold 750 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $107.27, for a total value of $80,452.50. Following the completion of the transaction, the director now directly owns 5,630 shares of the company’s stock, valued at approximately $603,930.10. This trade represents a 11.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,037 shares of company stock valued at $385,815. 1.45% of the stock is owned by company insiders.

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.