Itron, Inc. (NASDAQ:ITRI) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its holdings in Itron, Inc. (NASDAQ:ITRI) by 1.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,891,866 shares of the scientific and technical instruments company’s stock after selling 71,421 shares during the period. Vanguard Group Inc. owned approximately 0.13% of Itron worth $639,739,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of Itron by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,074,940 shares of the scientific and technical instruments company’s stock worth $114,835,000 after acquiring an additional 5,630 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in Itron by 78.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 6,083 shares of the scientific and technical instruments company’s stock worth $660,000 after purchasing an additional 2,671 shares in the last quarter. Intech Investment Management LLC grew its stake in Itron by 112.7% during the 4th quarter. Intech Investment Management LLC now owns 41,363 shares of the scientific and technical instruments company’s stock worth $4,491,000 after purchasing an additional 21,919 shares in the last quarter. Systematic Financial Management LP raised its position in Itron by 12.2% in the 3rd quarter. Systematic Financial Management LP now owns 134,362 shares of the scientific and technical instruments company’s stock valued at $14,351,000 after purchasing an additional 14,590 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new position in shares of Itron in the 4th quarter valued at about $301,000. 96.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling at Itron

In other news, CAO David Marshall Wright sold 317 shares of Itron stock in a transaction on Monday, February 24th. The shares were sold at an average price of $92.90, for a total value of $29,449.30. Following the transaction, the chief accounting officer now directly owns 8,108 shares of the company’s stock, valued at $753,233.20. The trade was a 3.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Christopher E. Ware sold 648 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $92.90, for a total transaction of $60,199.20. Following the completion of the sale, the senior vice president now owns 20,326 shares of the company’s stock, valued at approximately $1,888,285.40. This trade represents a 3.09 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,037 shares of company stock worth $385,815. 1.45% of the stock is owned by insiders.

Itron Stock Down 1.3 %

Itron stock opened at $103.82 on Monday. The company has a market capitalization of $4.73 billion, a P/E ratio of 21.27, a PEG ratio of 0.81 and a beta of 1.49. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.83 and a current ratio of 3.36. Itron, Inc. has a fifty-two week low of $87.91 and a fifty-two week high of $124.90. The stock has a 50-day simple moving average of $104.21 and a 200-day simple moving average of $108.01.

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.