Thrivent Financial for Lutherans Has $5.71 Million Position in Itron, Inc. (NASDAQ:ITRI)

Thrivent Financial for Lutherans lessened its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 12.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 52,543 shares of the scientific and technical instruments company’s stock after selling 7,565 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Itron were worth $5,705,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Counterpoint Mutual Funds LLC lifted its stake in shares of Itron by 37.6% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 3,621 shares of the scientific and technical instruments company’s stock valued at $393,000 after purchasing an additional 989 shares during the last quarter. Cibc World Markets Corp acquired a new stake in shares of Itron in the fourth quarter worth about $459,000. Corient Private Wealth LLC lifted its position in shares of Itron by 12.9% in the fourth quarter. Corient Private Wealth LLC now owns 4,263 shares of the scientific and technical instruments company’s stock worth $463,000 after buying an additional 488 shares during the last quarter. Bowen Hanes & Co. Inc. bought a new stake in shares of Itron during the 4th quarter worth about $27,486,000. Finally, Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Itron by 213.3% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 14,429 shares of the scientific and technical instruments company’s stock valued at $1,578,000 after acquiring an additional 9,823 shares during the last quarter. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Itron

In related news, SVP Christopher E. Ware sold 648 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $92.90, for a total value of $60,199.20. Following the completion of the transaction, the senior vice president now owns 20,326 shares of the company’s stock, valued at $1,888,285.40. This represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Joan S. Hooper sold 2,322 shares of Itron 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 $215,713.80. Following the sale, the chief financial officer now directly owns 92,076 shares in the company, valued at $8,553,860.40. The trade was a 2.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,037 shares of company stock valued at $385,815 in the last 90 days. 1.45% of the stock is currently owned by company insiders.

Itron Stock Performance

ITRI opened at $108.56 on Tuesday. The stock has a market cap of $4.95 billion, a PE ratio of 22.25, a P/E/G ratio of 0.81 and a beta of 1.49. Itron, Inc. has a 1 year low of $87.91 and a 1 year high of $124.90. The stock’s 50 day simple moving average is $104.11 and its 200-day simple moving average is $107.77. The company has a current ratio of 3.36, a quick ratio of 2.83 and a debt-to-equity ratio of 0.91.

About Itron

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.