Itron, Inc. (NASDAQ:ITRI) Shares Bought by Great Lakes Advisors LLC

Great Lakes Advisors LLC raised its holdings in Itron, Inc. (NASDAQ:ITRI) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,738 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,696 shares during the quarter. Great Lakes Advisors LLC owned about 0.08% of Itron worth $4,098,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of Itron by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,074,940 shares of the scientific and technical instruments company’s stock worth $114,835,000 after acquiring an additional 5,630 shares during the period. Vontobel Holding Ltd. increased its stake in shares of Itron by 8.1% during the fourth quarter. Vontobel Holding Ltd. now owns 464,787 shares of the scientific and technical instruments company’s stock worth $50,467,000 after acquiring an additional 34,842 shares during the period. Erste Asset Management GmbH acquired a new position in shares of Itron during the third quarter worth about $38,534,000. Victory Capital Management Inc. increased its stake in shares of Itron by 41.6% during the third quarter. Victory Capital Management Inc. now owns 283,728 shares of the scientific and technical instruments company’s stock worth $30,305,000 after acquiring an additional 83,328 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of Itron by 611.9% during the third quarter. Franklin Resources Inc. now owns 282,828 shares of the scientific and technical instruments company’s stock worth $31,128,000 after acquiring an additional 243,102 shares during the period. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Itron Stock Up 0.6 %

Shares of NASDAQ ITRI opened at $104.57 on Friday. Itron, Inc. has a 12-month low of $86.13 and a 12-month high of $124.90. The company has a market capitalization of $4.72 billion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 0.81 and a beta of 1.49. 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’s 50-day moving average is $104.18 and its two-hundred day moving average is $107.37.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Oppenheimer boosted their price target on shares of Itron from $124.00 to $131.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. Canaccord Genuity Group boosted their price objective on shares of Itron from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Guggenheim decreased their price objective 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. StockNews.com downgraded shares of Itron from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 1st. Finally, Piper Sandler boosted their price objective on shares of Itron from $119.00 to $124.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $127.64.

Insider Buying and Selling at Itron

In related news, SVP Christopher E. Ware sold 648 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $92.90, for a total transaction of $60,199.20. Following the transaction, the senior vice president now owns 20,326 shares of the company’s stock, valued at approximately $1,888,285.40. This represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO David Marshall Wright sold 317 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $92.90, for a total transaction of $29,449.30. Following the transaction, the chief accounting officer now directly owns 8,108 shares in the company, valued at $753,233.20. The trade was a 3.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,037 shares of company stock valued at $385,815 over the last quarter. Corporate insiders own 1.45% of the company’s stock.

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.