Itron, Inc. (NASDAQ:ITRI) Shares Sold by Mirova

Mirova decreased its holdings in Itron, Inc. (NASDAQ:ITRI) by 31.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,358 shares of the scientific and technical instruments company’s stock after selling 8,433 shares during the quarter. Mirova’s holdings in Itron were worth $1,993,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ITRI. GeoWealth Management LLC increased its stake in Itron by 4,580.0% during the fourth quarter. GeoWealth Management LLC now owns 234 shares of the scientific and technical instruments company’s stock worth $25,000 after acquiring an additional 229 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Itron in the fourth quarter valued at $30,000. Hager Investment Management Services LLC bought a new position in shares of Itron during the fourth quarter worth about $67,000. Contravisory Investment Management Inc. grew its position in shares of Itron by 154.9% in the 4th quarter. Contravisory Investment Management Inc. now owns 864 shares of the scientific and technical instruments company’s stock worth $94,000 after acquiring an additional 525 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in Itron by 347.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 886 shares of the scientific and technical instruments company’s stock worth $97,000 after purchasing an additional 688 shares during the period. Institutional investors and hedge funds own 96.19% of the company’s stock.

Analysts Set New Price Targets

ITRI has been the topic of a number of research reports. Guggenheim reiterated a “buy” rating and set a $133.00 price target on shares of Itron in a research report on Thursday. Piper Sandler lifted their price target on Itron from $119.00 to $124.00 and gave the company a “neutral” rating in a research report on Thursday, February 27th. Oppenheimer upped their price target on Itron from $124.00 to $131.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. Canaccord Genuity Group lifted their target price on shares of Itron from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Finally, StockNews.com lowered shares of Itron from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 1st. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.64.

Insiders Place Their Bets

In other Itron news, SVP Christopher E. Ware sold 648 shares of the stock in a transaction 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 transaction, the senior vice president now directly owns 20,326 shares in the company, valued at $1,888,285.40. This represents a 3.09 % decrease in their ownership of the stock. The transaction 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 the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $107.27, for a total transaction of $80,452.50. Following the sale, the director now owns 5,630 shares of the company’s stock, valued at $603,930.10. This trade represents a 11.76 % 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 in the last ninety days. Insiders own 1.45% of the company’s stock.

Itron Stock Performance

Shares of NASDAQ ITRI opened at $103.26 on Friday. The company has a market cap of $4.71 billion, a P/E ratio of 21.16, a P/E/G ratio of 0.81 and a beta of 1.39. Itron, Inc. has a 12 month low of $89.66 and a 12 month high of $124.90. The business’s 50 day moving average is $102.25 and its two-hundred day moving average is $107.41. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91.

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.