8,878 Shares in Itron, Inc. (NASDAQ:ITRI) Bought by Quantbot Technologies LP

Quantbot Technologies LP purchased a new stake in Itron, Inc. (NASDAQ:ITRI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,878 shares of the scientific and technical instruments company’s stock, valued at approximately $964,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ITRI. Proficio Capital Partners LLC acquired a new stake in Itron during the fourth quarter worth about $30,000. Continuum Advisory LLC grew its position in shares of Itron by 42.1% during the 3rd quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company’s stock valued at $40,000 after acquiring an additional 102 shares during the period. Quarry LP grew its holdings in 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 during the period. Hager Investment Management Services LLC acquired a new position in shares of Itron during the 4th quarter worth approximately $67,000. Finally, Contravisory Investment Management Inc. lifted its position in shares of Itron by 154.9% during the 4th 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 and hedge funds.

Analysts Set New Price Targets

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

Itron Trading Down 0.3 %

Shares of Itron stock opened at $108.23 on Wednesday. Itron, Inc. has a fifty-two week low of $87.91 and a fifty-two week high of $124.90. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.83 and a current ratio of 3.36. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 0.81 and a beta of 1.49. The stock has a 50 day moving average of $104.17 and a 200 day moving average of $107.85.

Insider Transactions at Itron

In related news, Director Mary C. Hemmingsen sold 750 shares of the stock in a transaction that occurred 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 transaction, the director now owns 5,630 shares of the company’s stock, valued at approximately $603,930.10. This trade represents a 11.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Joan S. Hooper sold 2,322 shares of the business’s 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 completion of the sale, the chief financial officer now directly owns 92,076 shares in the company, valued at approximately $8,553,860.40. The trade was a 2.46 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,037 shares of company stock worth $385,815. 1.45% of the stock is currently owned by company insiders.

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.