Yousif Capital Management LLC Trims Position in Itron, Inc. (NASDAQ:ITRI)

Yousif Capital Management LLC cut its stake in Itron, Inc. (NASDAQ:ITRI) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,095 shares of the scientific and technical instruments company’s stock after selling 283 shares during the quarter. Yousif Capital Management LLC’s holdings in Itron were worth $1,856,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Truist Financial Corp raised its holdings in Itron by 27.5% in the 2nd quarter. Truist Financial Corp now owns 3,475 shares of the scientific and technical instruments company’s stock valued at $344,000 after acquiring an additional 750 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Itron during the second quarter worth $239,000. CWM LLC grew its position in Itron by 150.1% in the 3rd quarter. CWM LLC now owns 2,203 shares of the scientific and technical instruments company’s stock valued at $235,000 after acquiring an additional 1,322 shares in the last quarter. Creative Planning lifted its holdings in Itron by 17.1% during the 3rd quarter. Creative Planning now owns 15,677 shares of the scientific and technical instruments company’s stock worth $1,674,000 after buying an additional 2,284 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its holdings in Itron by 1.5% in the third quarter. Vontobel Holding Ltd. now owns 429,945 shares of the scientific and technical instruments company’s stock valued at $45,922,000 after purchasing an additional 6,310 shares during the period. Institutional investors and hedge funds own 96.19% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on ITRI. Roth Mkm boosted their target price on shares of Itron from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Oppenheimer upped their target price on shares of Itron from $120.00 to $124.00 and gave the company an “outperform” rating in a report on Friday, November 1st. TD Cowen lifted their price target on shares of Itron from $125.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Piper Sandler upped their price objective on shares of Itron from $110.00 to $119.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Guggenheim boosted their target price on Itron from $128.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $123.92.

Itron Trading Down 7.0 %

NASDAQ:ITRI opened at $98.50 on Wednesday. Itron, Inc. has a 12-month low of $71.72 and a 12-month high of $124.90. The company has a current ratio of 3.36, a quick ratio of 2.83 and a debt-to-equity ratio of 0.91. The stock’s 50 day simple moving average is $108.35 and its 200-day simple moving average is $107.07. The firm has a market cap of $4.44 billion, a P/E ratio of 20.18, a PEG ratio of 0.88 and a beta of 1.46.

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.