Robeco Schweiz AG Sells 18,000 Shares of Itron, Inc. (NASDAQ:ITRI)

Robeco Schweiz AG decreased its holdings in Itron, Inc. (NASDAQ:ITRI) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 292,000 shares of the scientific and technical instruments company’s stock after selling 18,000 shares during the period. Robeco Schweiz AG owned 0.65% of Itron worth $31,705,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Intech Investment Management LLC lifted its stake in shares of Itron by 105.9% in the 3rd quarter. Intech Investment Management LLC now owns 19,444 shares of the scientific and technical instruments company’s stock valued at $2,077,000 after purchasing an additional 10,001 shares during the last quarter. Geode Capital Management LLC raised its holdings in Itron by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,074,940 shares of the scientific and technical instruments company’s stock valued at $114,835,000 after buying an additional 5,630 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in Itron by 78.3% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 6,083 shares of the scientific and technical instruments company’s stock worth $660,000 after buying an additional 2,671 shares during the last quarter. Beacon Harbor Wealth Advisors Inc. purchased a new position in Itron during the third quarter worth $5,994,000. Finally, Systematic Financial Management LP increased its position in Itron by 12.2% during the third 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 acquiring an additional 14,590 shares during the last quarter. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Insider Activity

In related news, 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 transaction of $215,713.80. Following the transaction, the chief financial officer now directly owns 92,076 shares of the company’s stock, valued at $8,553,860.40. This trade represents a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO David Marshall Wright sold 317 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $92.90, for a total value of $29,449.30. Following the sale, the chief accounting officer now owns 8,108 shares of the company’s stock, valued at approximately $753,233.20. This represents a 3.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,287 shares of company stock worth $305,362. 1.45% of the stock is currently owned by corporate insiders.

Itron Stock Up 5.8 %

NASDAQ:ITRI opened at $107.72 on Thursday. 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, Inc. has a 1-year low of $86.13 and a 1-year high of $124.90. The company has a 50-day moving average of $104.98 and a 200 day moving average of $106.85. The firm has a market cap of $4.86 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 0.81 and a beta of 1.46.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. TD Cowen increased their target price on shares of Itron from $125.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Oppenheimer raised their price objective on shares of Itron from $124.00 to $131.00 and gave the stock an “outperform” rating in a research note on Wednesday. Canaccord Genuity Group boosted their target price on Itron from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Wednesday. Robert W. Baird increased their price target on Itron from $123.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, StockNews.com upgraded Itron from a “buy” rating to a “strong-buy” rating in a report on Friday, February 21st. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.50.

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.