Lisanti Capital Growth LLC Acquires 1,490 Shares of Itron, Inc. (NASDAQ:ITRI)

Lisanti Capital Growth LLC lifted its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,530 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,490 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Itron were worth $2,772,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Continuum Advisory LLC lifted its position in shares of Itron by 42.1% in the 3rd quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company’s stock worth $40,000 after purchasing an additional 102 shares during the period. Quarry LP lifted its holdings in Itron by 29.0% in the third quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company’s stock worth $48,000 after buying an additional 102 shares during the period. Covestor Ltd lifted its holdings in Itron by 26.1% in the third quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company’s stock worth $57,000 after buying an additional 111 shares during the period. Hager Investment Management Services LLC purchased a new position in shares of Itron during the 4th quarter worth approximately $67,000. Finally, Farther Finance Advisors LLC raised its position in shares of Itron by 21.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the scientific and technical instruments company’s stock worth $77,000 after acquiring an additional 129 shares in the last quarter. Institutional investors own 96.19% of the company’s stock.

Itron Price Performance

Shares of ITRI stock opened at $106.19 on Friday. The company’s 50-day simple moving average is $104.75 and its two-hundred day simple moving average is $107.22. The company has a market capitalization of $4.80 billion, a P/E ratio of 21.76, a P/E/G ratio of 0.81 and a beta of 1.46. 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 current ratio of 3.36 and a quick ratio of 2.83.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. 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. Guggenheim cut their price target on shares of Itron from $135.00 to $133.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Oppenheimer boosted their price objective on shares of Itron from $124.00 to $131.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. StockNews.com lowered Itron from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 1st. Finally, Canaccord Genuity Group upped 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. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $127.64.

Insider Transactions at Itron

In related news, CAO David Marshall Wright sold 317 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $92.90, for a total transaction of $29,449.30. Following the completion of the transaction, the chief accounting officer now directly owns 8,108 shares in the company, valued at $753,233.20. The trade was a 3.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mary C. Hemmingsen sold 750 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $107.27, for a total transaction of $80,452.50. Following the completion of the transaction, the director now owns 5,630 shares of the company’s stock, valued at approximately $603,930.10. This represents a 11.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 4,037 shares of company stock valued at $385,815. Corporate insiders own 1.45% of the company’s stock.

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.