Itron, Inc. (NASDAQ:ITRI) Shares Purchased by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC raised its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 347.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 886 shares of the scientific and technical instruments company’s stock after acquiring an additional 688 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Itron were worth $97,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. California First Leasing Corp acquired a new position in shares of Itron during the 4th quarter worth about $912,000. Illumine Investment Management LLC acquired a new position in shares of Itron during the 4th quarter worth about $757,000. Fort Sheridan Advisors LLC boosted its position in shares of Itron by 2.6% during the 4th quarter. Fort Sheridan Advisors LLC now owns 10,798 shares of the scientific and technical instruments company’s stock worth $1,172,000 after acquiring an additional 270 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Itron during the 4th quarter worth about $30,000. Finally, Oppenheimer & Co. Inc. boosted its position in shares of Itron by 3.9% during the 4th quarter. Oppenheimer & Co. Inc. now owns 20,387 shares of the scientific and technical instruments company’s stock worth $2,214,000 after acquiring an additional 765 shares in the last quarter. 96.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ITRI shares. Oppenheimer upped their price objective on Itron from $124.00 to $131.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Piper Sandler upped their price objective on Itron from $119.00 to $124.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. StockNews.com cut Itron from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 1st. Guggenheim decreased their target price on Itron from $135.00 to $133.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Finally, Canaccord Genuity Group upped their target price on Itron from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $127.64.

Insider Buying and Selling at Itron

In other Itron news, CFO Joan S. Hooper sold 2,322 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $92.90, for a total transaction of $215,713.80. Following the completion of the sale, the chief financial officer now directly owns 92,076 shares of the company’s stock, valued at $8,553,860.40. This represents a 2.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Christopher E. Ware sold 648 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $92.90, for a total value of $60,199.20. Following the sale, the senior vice president now directly owns 20,326 shares of the company’s stock, valued at approximately $1,888,285.40. This represents a 3.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,037 shares of company stock valued at $385,815 in the last ninety days. Insiders own 1.45% of the company’s stock.

Itron Stock Down 0.3 %

ITRI opened at $105.82 on Friday. The business has a 50 day moving average price of $104.60 and a two-hundred day moving average price of $107.26. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91. The company has a market cap of $4.78 billion, a PE ratio of 21.68, a P/E/G ratio of 0.81 and a beta of 1.49. Itron, Inc. has a 52 week low of $86.13 and a 52 week high of $124.90.

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.