Itron, Inc. (NASDAQ:ITRI) Shares Sold by US Bancorp DE

US Bancorp DE decreased its position in Itron, Inc. (NASDAQ:ITRI) by 39.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,452 shares of the scientific and technical instruments company’s stock after selling 2,250 shares during the period. US Bancorp DE’s holdings in Itron were worth $375,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ITRI. Proficio Capital Partners LLC purchased a new position in Itron in the fourth quarter valued at $30,000. Continuum Advisory LLC increased its holdings in 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 buying an additional 102 shares in the last quarter. Quarry LP increased its holdings in 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 buying an additional 102 shares in the last quarter. Covestor Ltd increased its holdings in 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 buying an additional 111 shares in the last quarter. Finally, Hager Investment Management Services LLC purchased a new position in Itron in the fourth quarter valued at $67,000. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Itron Stock Performance

ITRI opened at $103.91 on Friday. The firm has a market capitalization of $4.69 billion, a PE ratio of 21.29, a PEG ratio of 0.81 and a beta of 1.49. Itron, Inc. has a twelve month low of $86.13 and a twelve month high of $124.90. The firm’s 50-day moving average price is $104.27 and its 200 day moving average price is $107.39. The company has a current ratio of 3.36, a quick ratio of 2.83 and a debt-to-equity ratio of 0.91.

Analysts Set New Price Targets

ITRI has been the subject of a number of recent analyst reports. StockNews.com cut shares of Itron from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 1st. Canaccord Genuity Group boosted their target price on shares of Itron from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Piper Sandler boosted their target price on shares of Itron from $119.00 to $124.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. Oppenheimer boosted their target price 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. Finally, Guggenheim cut their target price on shares of Itron from $135.00 to $133.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $127.64.

Insider Buying and Selling

In other Itron news, SVP Christopher E. Ware sold 648 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $92.90, for a total value of $60,199.20. Following the transaction, the senior vice president now directly owns 20,326 shares in the company, valued at $1,888,285.40. The trade was a 3.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 transaction of $80,452.50. Following the completion of the transaction, the director now owns 5,630 shares in the company, 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. Over the last three months, insiders have sold 4,037 shares of company stock worth $385,815. 1.45% of the stock is owned by insiders.

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.