Nicola Wealth Management LTD. Sells 6,000 Shares of Itron, Inc. (NASDAQ:ITRI)

Nicola Wealth Management LTD. lowered its position in Itron, Inc. (NASDAQ:ITRI) by 16.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,000 shares of the scientific and technical instruments company’s stock after selling 6,000 shares during the quarter. Nicola Wealth Management LTD. owned approximately 0.07% of Itron worth $3,257,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake 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 worth $114,835,000 after purchasing an additional 5,630 shares in the last quarter. Vontobel Holding Ltd. boosted its position in Itron by 8.1% during the 4th quarter. Vontobel Holding Ltd. now owns 464,787 shares of the scientific and technical instruments company’s stock valued at $50,467,000 after acquiring an additional 34,842 shares in the last quarter. Erste Asset Management GmbH bought a new stake in Itron during the 3rd quarter valued at $38,534,000. Victory Capital Management Inc. boosted its position in Itron by 41.6% during the 3rd quarter. Victory Capital Management Inc. now owns 283,728 shares of the scientific and technical instruments company’s stock valued at $30,305,000 after acquiring an additional 83,328 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in Itron by 611.9% during the 3rd quarter. Franklin Resources Inc. now owns 282,828 shares of the scientific and technical instruments company’s stock valued at $31,128,000 after acquiring an additional 243,102 shares in the last quarter. Institutional investors own 96.19% of the company’s stock.

Analyst Upgrades and Downgrades

ITRI has been the topic of several recent research reports. Guggenheim dropped their target price on Itron from $135.00 to $133.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. StockNews.com cut Itron from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Canaccord Genuity Group increased their target price on Itron from $130.00 to $132.00 and gave the company a “buy” rating in a research report 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 research report on Thursday, February 27th. Finally, Oppenheimer raised their price objective on Itron from $124.00 to $131.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $127.64.

Itron Stock Performance

Shares of ITRI opened at $106.52 on Tuesday. The stock has a 50-day moving average of $104.96 and a two-hundred day moving average of $107.09. Itron, Inc. has a one year low of $86.13 and a one year 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 stock has a market cap of $4.81 billion, a P/E ratio of 21.83, a P/E/G ratio of 0.81 and a beta of 1.46.

Insiders Place Their Bets

In other Itron news, SVP Christopher E. Ware sold 648 shares of Itron stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $92.90, for a total transaction of $60,199.20. Following the completion of the sale, the senior vice president now owns 20,326 shares of the company’s stock, valued at approximately $1,888,285.40. The trade was a 3.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mary C. Hemmingsen sold 750 shares of Itron stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $107.27, for a total value of $80,452.50. Following 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 4,037 shares of company stock valued at $385,815. 1.45% of the stock is owned by company insiders.

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.