Illinois Municipal Retirement Fund Has $2.69 Million Position in Itron, Inc. (NASDAQ:ITRI)

Illinois Municipal Retirement Fund grew its stake in Itron, Inc. (NASDAQ:ITRI) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,806 shares of the scientific and technical instruments company’s stock after buying an additional 409 shares during the period. Illinois Municipal Retirement Fund’s holdings in Itron were worth $2,693,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in 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 valued at $114,835,000 after acquiring an additional 5,630 shares during the last quarter. Vontobel Holding Ltd. lifted its position in shares of Itron by 8.1% in the 4th quarter. Vontobel Holding Ltd. now owns 464,787 shares of the scientific and technical instruments company’s stock worth $50,467,000 after purchasing an additional 34,842 shares during the period. Erste Asset Management GmbH bought a new stake in shares of Itron in the 3rd quarter valued at $38,534,000. Victory Capital Management Inc. increased its position in shares of Itron by 41.6% during the third quarter. Victory Capital Management Inc. now owns 283,728 shares of the scientific and technical instruments company’s stock worth $30,305,000 after buying an additional 83,328 shares during the period. Finally, Franklin Resources Inc. raised its stake 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 buying an additional 243,102 shares during the last quarter. 96.19% of the stock is currently owned by institutional investors.

Insider Activity

In other Itron news, CFO Joan S. Hooper sold 2,322 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 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. The trade was a 2.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $29,449.30. Following the completion of the sale, the chief accounting officer now owns 8,108 shares of the company’s stock, valued at approximately $753,233.20. The trade was a 3.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,287 shares of company stock worth $305,362 over the last three months. 1.45% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on ITRI shares. Oppenheimer upped their price target on shares of Itron from $124.00 to $131.00 and gave the company an “outperform” rating in a research report on Wednesday. TD Cowen upped their target price on Itron from $125.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Piper Sandler lifted their target price on Itron from $119.00 to $124.00 and gave the stock a “neutral” rating in a report on Thursday. Canaccord Genuity Group boosted their price target on Itron from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Roth Mkm raised their price objective on shares of Itron from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.64.

Itron Stock Performance

NASDAQ ITRI opened at $106.89 on Friday. The company has a market cap of $4.82 billion, a P/E ratio of 21.90, a PEG ratio of 0.81 and a beta of 1.46. The company has a fifty day simple moving average of $104.98 and a 200 day simple moving average of $106.85. The company has a current ratio of 3.36, a quick ratio of 2.83 and a debt-to-equity ratio of 0.91. Itron, Inc. has a 12-month low of $86.13 and a 12-month high of $124.90.

Itron Company 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.