Nisa Investment Advisors LLC Sells 690 Shares of Itron, Inc. (NASDAQ:ITRI)

Nisa Investment Advisors LLC decreased its holdings in Itron, Inc. (NASDAQ:ITRI) by 58.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 483 shares of the scientific and technical instruments company’s stock after selling 690 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Itron were worth $36,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale lifted its holdings in Itron by 13.7% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 6,194 shares of the scientific and technical instruments company’s stock worth $472,000 after buying an additional 744 shares during the period. Braun Stacey Associates Inc. boosted its position in shares of Itron by 140.6% during the fourth quarter. Braun Stacey Associates Inc. now owns 216,188 shares of the scientific and technical instruments company’s stock valued at $16,324,000 after purchasing an additional 126,328 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in Itron by 0.3% in the fourth quarter. Pinnacle Associates Ltd. now owns 398,372 shares of the scientific and technical instruments company’s stock worth $30,081,000 after purchasing an additional 1,111 shares during the period. Raymond James & Associates raised its holdings in Itron by 51.6% in the fourth quarter. Raymond James & Associates now owns 47,621 shares of the scientific and technical instruments company’s stock worth $3,596,000 after purchasing an additional 16,208 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in Itron by 99.6% during the fourth quarter. SG Americas Securities LLC now owns 7,879 shares of the scientific and technical instruments company’s stock valued at $595,000 after buying an additional 3,932 shares during the period. Institutional investors own 96.19% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ITRI. Robert W. Baird upped their target price on shares of Itron from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 13th. TheStreet raised shares of Itron from a “c” rating to a “b-” rating in a research note on Monday, February 26th. Canaccord Genuity Group upgraded shares of Itron from a “hold” rating to a “buy” rating and lifted their target price for the company from $68.00 to $105.00 in a report on Tuesday, February 27th. Piper Sandler cut their price target on Itron from $105.00 to $103.00 and set an “overweight” rating on the stock in a research note on Thursday, April 11th. Finally, Oppenheimer upgraded Itron from a “market perform” rating to an “outperform” rating and set a $81.00 price objective for the company in a research note on Friday, January 19th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $95.60.

Insider Buying and Selling

In other Itron news, SVP Donald L. Reeves III sold 383 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $75.37, for a total transaction of $28,866.71. Following the completion of the sale, the senior vice president now directly owns 8,708 shares in the company, valued at approximately $656,321.96. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Itron news, SVP Donald L. Reeves III sold 383 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $75.37, for a total transaction of $28,866.71. Following the completion of the sale, the senior vice president now directly owns 8,708 shares in the company, valued at approximately $656,321.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Thomas Deitrich sold 1,912 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $75.37, for a total transaction of $144,107.44. Following the completion of the transaction, the chief executive officer now owns 169,073 shares in the company, valued at approximately $12,743,032.01. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,467 shares of company stock worth $2,752,520. 1.45% of the stock is owned by insiders.

Itron Stock Up 2.0 %

ITRI stock opened at $91.46 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.95 and a quick ratio of 1.43. Itron, Inc. has a 1-year low of $50.60 and a 1-year high of $96.73. The stock has a market capitalization of $4.19 billion, a P/E ratio of 43.55, a P/E/G ratio of 0.99 and a beta of 1.41. The business has a fifty day moving average price of $88.21 and a 200-day moving average price of $75.27.

Itron (NASDAQ:ITRI) last issued its earnings results on Monday, February 26th. The scientific and technical instruments company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.48. Itron had a return on equity of 12.27% and a net margin of 4.46%. The business had revenue of $577.17 million during the quarter, compared to analyst estimates of $569.90 million. During the same quarter in the previous year, the firm earned $0.71 EPS. Itron’s revenue was up 23.5% on a year-over-year basis. Equities analysts forecast that Itron, Inc. will post 3.61 earnings per share for the current fiscal year.

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.