State of New Jersey Common Pension Fund D Has $1.98 Million Stake in Itron, Inc. (NASDAQ:ITRI)

State of New Jersey Common Pension Fund D cut its position in shares of Itron, Inc. (NASDAQ:ITRI) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,249 shares of the scientific and technical instruments company’s stock after selling 1,257 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Itron were worth $1,981,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Pinnacle Wealth Management Advisory Group LLC grew its holdings in shares of Itron by 6.1% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,185 shares of the scientific and technical instruments company’s stock worth $237,000 after buying an additional 125 shares in the last quarter. Vontobel Holding Ltd. grew its stake in Itron by 8.1% in the fourth quarter. Vontobel Holding Ltd. now owns 464,787 shares of the scientific and technical instruments company’s stock valued at $50,467,000 after purchasing an additional 34,842 shares in the last quarter. Legato Capital Management LLC grew its stake in Itron by 11.9% in the fourth quarter. Legato Capital Management LLC now owns 18,057 shares of the scientific and technical instruments company’s stock valued at $1,961,000 after purchasing an additional 1,923 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in Itron by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 21,800 shares of the scientific and technical instruments company’s stock valued at $2,367,000 after purchasing an additional 100 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC grew its stake in Itron by 9.7% in the fourth quarter. Measured Wealth Private Client Group LLC now owns 3,814 shares of the scientific and technical instruments company’s stock valued at $414,000 after purchasing an additional 338 shares in the last quarter. 96.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ITRI. Robert W. Baird raised their price target on Itron from $123.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Piper Sandler lifted their target price on Itron from $110.00 to $119.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Oppenheimer lifted their target price on Itron from $120.00 to $124.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. TD Cowen lifted their target price on Itron from $125.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, StockNews.com upgraded Itron from a “buy” rating to a “strong-buy” rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Itron currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.92.

Itron Price Performance

Shares of NASDAQ ITRI opened at $93.94 on Monday. The stock has a market capitalization of $4.24 billion, a PE ratio of 19.25, a P/E/G 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. The business has a fifty day moving average price of $105.60 and a two-hundred day moving average price of $106.86. Itron, Inc. has a fifty-two week low of $73.64 and a fifty-two week high of $124.90.

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.