Itron, Inc. (NASDAQ:ITRI) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lowered its stake in Itron, Inc. (NASDAQ:ITRI) by 6.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,965 shares of the scientific and technical instruments company’s stock after selling 216 shares during the period. Orion Portfolio Solutions LLC’s holdings in Itron were worth $322,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Proficio Capital Partners LLC acquired a new stake in shares of Itron during the fourth quarter valued at approximately $30,000. Continuum Advisory LLC grew its position in Itron by 42.1% during the 3rd quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company’s stock worth $40,000 after purchasing an additional 102 shares in the last quarter. Quarry LP lifted its holdings in shares of Itron by 29.0% in the third quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company’s stock valued at $48,000 after purchasing an additional 102 shares in the last quarter. Hager Investment Management Services LLC acquired a new stake in shares of Itron in the fourth quarter worth $67,000. Finally, Contravisory Investment Management Inc. grew its holdings in shares of Itron by 154.9% during the fourth quarter. Contravisory Investment Management Inc. now owns 864 shares of the scientific and technical instruments company’s stock valued at $94,000 after buying an additional 525 shares in the last quarter. 96.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Activity

In related news, Director Mary C. Hemmingsen sold 750 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $107.27, for a total transaction of $80,452.50. Following the completion of the sale, the director now directly owns 5,630 shares of the company’s stock, valued at approximately $603,930.10. This represents a 11.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO David Marshall Wright sold 317 shares of Itron stock in a transaction on Monday, February 24th. The stock was sold at an average price of $92.90, for a total transaction of $29,449.30. Following the completion of the transaction, the chief accounting officer now owns 8,108 shares in the company, valued at $753,233.20. This trade represents a 3.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,037 shares of company stock valued at $385,815. Insiders own 1.45% of the company’s stock.

Itron Trading Up 8.1 %

Itron stock opened at $99.53 on Thursday. Itron, Inc. has a one year low of $88.87 and a one year high of $124.90. The company’s fifty day moving average price is $102.73 and its two-hundred day moving average price is $107.61. The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 0.81 and a beta of 1.39. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83.

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.