Jackson Creek Investment Advisors LLC Sells 449 Shares of Itron, Inc. (NASDAQ:ITRI)

Jackson Creek Investment Advisors LLC reduced its position in Itron, Inc. (NASDAQ:ITRI) by 3.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 14,487 shares of the scientific and technical instruments company’s stock after selling 449 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in Itron were worth $1,573,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ITRI. Intech Investment Management LLC raised its holdings in shares of Itron by 105.9% during the 3rd quarter. Intech Investment Management LLC now owns 19,444 shares of the scientific and technical instruments company’s stock worth $2,077,000 after acquiring an additional 10,001 shares in the last quarter. Geode Capital Management LLC increased its position 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 during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Itron by 78.3% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 6,083 shares of the scientific and technical instruments company’s stock valued at $660,000 after purchasing an additional 2,671 shares in the last quarter. Beacon Harbor Wealth Advisors Inc. purchased a new stake in Itron during the third quarter valued at $5,994,000. Finally, Systematic Financial Management LP grew its stake in shares of Itron by 12.2% in the 3rd quarter. Systematic Financial Management LP now owns 134,362 shares of the scientific and technical instruments company’s stock worth $14,351,000 after buying an additional 14,590 shares in the last quarter. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Itron

In related news, CFO Joan S. Hooper sold 2,322 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was 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 owns 92,076 shares in the company, valued at approximately $8,553,860.40. The trade was a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Christopher E. Ware sold 648 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $92.90, for a total value of $60,199.20. Following the completion of the transaction, the senior vice president now directly owns 20,326 shares in the company, valued at approximately $1,888,285.40. This trade represents a 3.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,037 shares of company stock valued at $385,815 in the last three months. Company insiders own 1.45% of the company’s stock.

Analyst Ratings Changes

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

Itron Trading Down 0.7 %

NASDAQ ITRI opened at $106.19 on Friday. The stock has a market cap of $4.80 billion, a PE ratio of 21.76, a PEG ratio of 0.81 and a beta of 1.46. Itron, Inc. has a 12 month low of $86.13 and a 12 month high of $124.90. The company’s 50-day moving average price is $104.75 and its 200-day moving average price is $107.22. 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 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.