MML Investors Services LLC Has $345,000 Holdings in Itron, Inc. (NASDAQ:ITRI)

MML Investors Services LLC boosted its holdings in Itron, Inc. (NASDAQ:ITRI) by 5.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,226 shares of the scientific and technical instruments company’s stock after buying an additional 168 shares during the quarter. MML Investors Services LLC’s holdings in Itron were worth $345,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ITRI. Quarry LP lifted its position in shares of Itron by 53.0% during the 2nd quarter. Quarry LP now owns 352 shares of the scientific and technical instruments company’s stock valued at $35,000 after acquiring an additional 122 shares during the period. Covestor Ltd grew its holdings in Itron by 26.1% during the third quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company’s stock worth $57,000 after buying an additional 111 shares in the last quarter. Farther Finance Advisors LLC raised its position in Itron by 21.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the scientific and technical instruments company’s stock valued at $77,000 after buying an additional 129 shares during the last quarter. Truvestments Capital LLC bought a new position in Itron during the 3rd quarter valued at $103,000. Finally, GAMMA Investing LLC grew its stake in shares of Itron by 41.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,018 shares of the scientific and technical instruments company’s stock worth $109,000 after acquiring an additional 298 shares in the last quarter. 96.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on ITRI. Janney Montgomery Scott started coverage on shares of Itron in a research report on Friday, September 27th. They set a “buy” rating and a $131.00 price target on the stock. Roth Mkm boosted their target price on Itron from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. BNP Paribas began coverage on Itron in a report on Thursday, September 5th. They set an “outperform” rating and a $133.00 price target on the stock. Piper Sandler upped their price objective on Itron from $110.00 to $119.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Robert W. Baird lifted their target price on Itron from $123.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $123.92.

Insider Activity at Itron

In other Itron news, CEO Thomas Deitrich sold 37,500 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $104.83, for a total transaction of $3,931,125.00. Following the sale, the chief executive officer now directly owns 205,276 shares of the company’s stock, valued at $21,519,083.08. This trade represents a 15.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.45% of the stock is owned by corporate insiders.

Itron Stock Up 1.4 %

Shares of ITRI stock opened at $110.45 on Wednesday. The company has a 50 day simple moving average of $113.20 and a two-hundred day simple moving average of $105.96. The stock has a market cap of $4.98 billion, a P/E ratio of 22.63, a P/E/G ratio of 0.86 and a beta of 1.46. Itron, Inc. has a 12 month low of $67.21 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.

Itron (NASDAQ:ITRI) last released its earnings results on Thursday, October 31st. The scientific and technical instruments company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.71. The company had revenue of $615.46 million for the quarter, compared to analysts’ expectations of $596.41 million. Itron had a net margin of 9.37% and a return on equity of 19.03%. The firm’s revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.98 EPS. On average, research analysts expect that Itron, Inc. will post 5.33 earnings per share for the current year.

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.