FIL Ltd Has $5.74 Million Stock Position in Itron, Inc. (NASDAQ:ITRI)

FIL Ltd boosted its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 457.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 52,836 shares of the scientific and technical instruments company’s stock after purchasing an additional 43,356 shares during the quarter. FIL Ltd’s holdings in Itron were worth $5,737,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Proficio Capital Partners LLC purchased a new stake in Itron in the 4th quarter worth about $30,000. Hager Investment Management Services LLC acquired a new position in Itron in the 4th quarter valued at approximately $67,000. Contravisory Investment Management Inc. boosted its stake in shares of Itron by 154.9% during the 4th quarter. Contravisory Investment Management Inc. now owns 864 shares of the scientific and technical instruments company’s stock valued at $94,000 after buying an additional 525 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Itron by 347.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 886 shares of the scientific and technical instruments company’s stock valued at $97,000 after acquiring an additional 688 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Itron by 15.6% during the fourth quarter. GAMMA Investing LLC now owns 1,177 shares of the scientific and technical instruments company’s stock valued at $128,000 after purchasing an additional 159 shares during the last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

Itron Stock Up 3.9 %

ITRI opened at $101.00 on Friday. Itron, Inc. has a fifty-two week low of $88.87 and a fifty-two week high of $124.90. The company has a market capitalization of $4.60 billion, a P/E ratio of 20.70, a P/E/G ratio of 0.81 and a beta of 1.39. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83. The firm’s fifty day moving average price is $102.47 and its two-hundred day moving average price is $107.53.

Insider Activity at Itron

In related news, SVP Christopher E. Ware sold 648 shares of Itron stock in a transaction dated Monday, February 24th. The shares were 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 of the company’s stock, valued at $1,888,285.40. This trade represents a 3.09 % decrease in their position. The sale 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 company’s 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 directly owns 5,630 shares in the company, valued at $603,930.10. This represents a 11.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,037 shares of company stock valued at $385,815 over the last quarter. 1.45% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

Itron Company 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.