Steward Partners Investment Advisory LLC Acquires 548 Shares of Itron, Inc. (NASDAQ:ITRI)

Steward Partners Investment Advisory LLC grew its holdings in Itron, Inc. (NASDAQ:ITRI) by 43.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,820 shares of the scientific and technical instruments company’s stock after purchasing an additional 548 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Itron were worth $198,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Janney Montgomery Scott LLC grew its position in shares of Itron by 1.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 11,425 shares of the scientific and technical instruments company’s stock worth $1,220,000 after buying an additional 190 shares during the last quarter. Atria Investments Inc grew its position in shares of Itron by 20.1% in the 3rd quarter. Atria Investments Inc now owns 8,660 shares of the scientific and technical instruments company’s stock worth $925,000 after buying an additional 1,450 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in shares of Itron by 14.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,769 shares of the scientific and technical instruments company’s stock worth $616,000 after buying an additional 723 shares during the last quarter. State of New Jersey Common Pension Fund D grew its position in shares of Itron by 10.9% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 19,506 shares of the scientific and technical instruments company’s stock worth $2,083,000 after buying an additional 1,925 shares during the last quarter. Finally, Entropy Technologies LP purchased a new position in shares of Itron in the 3rd quarter worth approximately $502,000. Institutional investors own 96.19% of the company’s stock.

Itron Stock Up 0.6 %

ITRI stock opened at $104.57 on Friday. The firm’s fifty day simple moving average is $104.06 and its 200-day simple moving average is $107.43. The company has a market capitalization of $4.72 billion, a P/E 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. Itron, Inc. has a 12 month low of $86.45 and a 12 month high of $124.90.

Insider Activity

In related news, CFO Joan S. Hooper sold 2,322 shares of the business’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 $215,713.80. Following the completion of the transaction, the chief financial officer now directly owns 92,076 shares in the company, valued at $8,553,860.40. The trade was a 2.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO David Marshall Wright sold 317 shares of the business’s stock in a transaction 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 completion of the transaction, the chief accounting officer now owns 8,108 shares of the company’s stock, valued at approximately $753,233.20. This represents a 3.76 % 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 valued at $385,815 in the last ninety days. Insiders own 1.45% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Canaccord Genuity Group lifted their price objective on shares of Itron from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. 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, February 27th. Oppenheimer lifted their price objective on shares of Itron from $124.00 to $131.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Guggenheim dropped their target price on shares of Itron from $135.00 to $133.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Finally, StockNews.com downgraded shares of Itron from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 1st. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.64.

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.