3,467 Shares in Itron, Inc. (NASDAQ:ITRI) Acquired by Vestcor Inc

Vestcor Inc acquired a new stake in Itron, Inc. (NASDAQ:ITRI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,467 shares of the scientific and technical instruments company’s stock, valued at approximately $376,000.

A number of other large investors also recently added to or reduced their stakes in ITRI. Louisiana State Employees Retirement System boosted its stake in shares of Itron by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 21,800 shares of the scientific and technical instruments company’s stock worth $2,367,000 after buying an additional 100 shares during the last quarter. Quarry LP raised its stake 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 in the last quarter. Continuum Advisory LLC lifted its holdings 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 worth $40,000 after acquiring an additional 102 shares during the period. Stifel Financial Corp boosted its holdings in shares of Itron by 2.2% in the 3rd quarter. Stifel Financial Corp now owns 4,921 shares of the scientific and technical instruments company’s stock valued at $526,000 after purchasing an additional 108 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC raised its stake in Itron by 6.1% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,185 shares of the scientific and technical instruments company’s stock worth $237,000 after acquiring an additional 125 shares in the last quarter. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Christopher E. Ware sold 648 shares of the firm’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 transaction of $60,199.20. Following the completion of the sale, the senior vice president now directly owns 20,326 shares of the company’s stock, valued at approximately $1,888,285.40. This trade represents a 3.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO David Marshall Wright sold 317 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 $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 $753,233.20. The trade was a 3.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,037 shares of company stock worth $385,815 over the last ninety days. Corporate insiders own 1.45% of the company’s stock.

Itron Stock Performance

Shares of NASDAQ ITRI opened at $106.55 on Tuesday. The firm has a 50 day moving average of $104.01 and a 200 day moving average of $107.51. Itron, Inc. has a 12-month low of $86.45 and a 12-month high of $124.90. The company has a current ratio of 3.36, a quick ratio of 2.83 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of 0.81 and a beta of 1.49.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ITRI. Guggenheim dropped their price target on shares of Itron from $135.00 to $133.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Canaccord Genuity Group increased their price target on Itron from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Oppenheimer raised their target price on Itron from $124.00 to $131.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Piper Sandler upped their price objective on shares of Itron from $119.00 to $124.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th. Finally, StockNews.com cut Itron from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 1st. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $127.64.

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.