Oliver Luxxe Assets LLC Purchases 934 Shares of Itron, Inc. (NASDAQ:ITRI)

Oliver Luxxe Assets LLC increased its position in shares of Itron, Inc. (NASDAQ:ITRI) by 4.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,422 shares of the scientific and technical instruments company’s stock after buying an additional 934 shares during the period. Oliver Luxxe Assets LLC owned 0.05% of Itron worth $2,543,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in shares of Itron by 15.6% in the fourth quarter. GAMMA Investing LLC now owns 1,177 shares of the scientific and technical instruments company’s stock worth $128,000 after purchasing an additional 159 shares during the period. Principal Financial Group Inc. grew its stake in shares of Itron by 4.5% in the third quarter. Principal Financial Group Inc. now owns 248,077 shares of the scientific and technical instruments company’s stock worth $26,497,000 after acquiring an additional 10,677 shares during the last quarter. Franklin Resources Inc. increased its position in Itron by 611.9% during the third quarter. Franklin Resources Inc. now owns 282,828 shares of the scientific and technical instruments company’s stock worth $31,128,000 after acquiring an additional 243,102 shares during the period. Sanctuary Advisors LLC raised its stake in Itron by 454.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 13,862 shares of the scientific and technical instruments company’s stock valued at $1,481,000 after purchasing an additional 11,363 shares during the last quarter. Finally, Virtue Capital Management LLC lifted its stake in shares of Itron by 2.2% in the third quarter. Virtue Capital Management LLC now owns 7,830 shares of the scientific and technical instruments company’s stock valued at $836,000 after buying an additional 168 shares during the period. Institutional investors own 96.19% of the company’s stock.

Itron Trading Down 1.1 %

Shares of ITRI traded down $1.17 during trading hours on Monday, reaching $109.12. The stock had a trading volume of 291,749 shares, compared to its average volume of 254,088. The company has a market cap of $4.92 billion, a P/E ratio of 22.36, a P/E/G ratio of 0.84 and a beta of 1.47. Itron, Inc. has a 52 week low of $67.21 and a 52 week high of $124.90. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91. The firm has a 50-day moving average of $114.11 and a 200 day moving average of $106.14.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Thursday, October 31st. The scientific and technical instruments company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.71. The business had revenue of $615.46 million during the quarter, compared to the consensus estimate of $596.41 million. Itron had a return on equity of 19.03% and a net margin of 9.37%. Itron’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the company earned $0.98 earnings per share. On average, sell-side analysts expect that Itron, Inc. will post 5.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on ITRI shares. Piper Sandler upped their price target on Itron from $110.00 to $119.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. TD Cowen raised their target price on Itron from $125.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Janney Montgomery Scott initiated coverage on shares of Itron in a research report on Friday, September 27th. They set a “buy” rating and a $131.00 price target on the stock. Oppenheimer raised their price objective on shares of Itron from $120.00 to $124.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Robert W. Baird boosted their target price on shares of Itron from $123.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $123.92.

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.