Sanctuary Advisors LLC Lowers Position in Itron, Inc. (NASDAQ:ITRI)

Sanctuary Advisors LLC lessened its stake in Itron, Inc. (NASDAQ:ITRI) by 17.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,412 shares of the scientific and technical instruments company’s stock after selling 2,450 shares during the quarter. Sanctuary Advisors LLC’s holdings in Itron were worth $1,226,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ITRI. Continuum Advisory LLC raised its stake in Itron by 42.1% during the third quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company’s stock valued at $40,000 after purchasing an additional 102 shares in the last quarter. Quarry LP increased its position in Itron by 29.0% during the third quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company’s stock valued at $48,000 after acquiring an additional 102 shares during the last quarter. Covestor Ltd increased its position in Itron by 26.1% during the third quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company’s stock valued at $57,000 after acquiring an additional 111 shares during the last quarter. Hager Investment Management Services LLC bought a new position in Itron during the fourth quarter valued at $67,000. Finally, Farther Finance Advisors LLC increased its position in Itron by 21.7% during the third quarter. Farther Finance Advisors LLC now owns 724 shares of the scientific and technical instruments company’s stock valued at $77,000 after acquiring an additional 129 shares during the last quarter. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Itron Price Performance

Shares of Itron stock opened at $101.81 on Wednesday. The business has a 50 day simple moving average of $104.99 and a two-hundred day simple moving average of $106.84. Itron, Inc. has a 12 month low of $83.60 and a 12 month high of $124.90. The stock has a market capitalization of $4.59 billion, a P/E ratio of 20.86, a PEG ratio of 0.81 and a beta of 1.46. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83.

Insider Activity at Itron

In related news, CFO Joan S. Hooper sold 2,322 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was 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 approximately $8,553,860.40. This represents a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO David Marshall Wright sold 317 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $92.90, for a total value of $29,449.30. Following 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. Over the last 90 days, insiders sold 3,287 shares of company stock valued at $305,362. 1.45% of the stock is currently owned by insiders.

Analyst Ratings Changes

ITRI has been the topic of a number of analyst reports. TD Cowen boosted their price objective on shares of Itron from $125.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Piper Sandler boosted their price objective on shares of Itron from $110.00 to $119.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Guggenheim boosted their price objective on shares of Itron from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. StockNews.com upgraded shares of Itron from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 21st. Finally, Robert W. Baird upped their price target on shares of Itron from $123.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Itron has an average rating of “Moderate Buy” and an average target price of $123.92.

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.