Itron, Inc. (NASDAQ:ITRI) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. lowered its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 40.9% in the fourth quarter, Holdings Channel reports. The firm owned 3,560 shares of the scientific and technical instruments company’s stock after selling 2,460 shares during the quarter. Everence Capital Management Inc.’s holdings in Itron were worth $387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of ITRI. GAMMA Investing LLC lifted its position in Itron by 15.6% during the 4th quarter. GAMMA Investing LLC now owns 1,177 shares of the scientific and technical instruments company’s stock worth $128,000 after acquiring an additional 159 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Itron by 4.5% in the 3rd quarter. Principal Financial Group Inc. now owns 248,077 shares of the scientific and technical instruments company’s stock worth $26,497,000 after acquiring an additional 10,677 shares during the period. Franklin Resources Inc. lifted its stake in shares of Itron by 611.9% in the 3rd quarter. Franklin Resources Inc. now owns 282,828 shares of the scientific and technical instruments company’s stock worth $31,128,000 after acquiring an additional 243,102 shares during the period. Sanctuary Advisors LLC boosted its holdings in shares of Itron by 454.7% in the third quarter. Sanctuary Advisors LLC now owns 13,862 shares of the scientific and technical instruments company’s stock valued at $1,481,000 after acquiring an additional 11,363 shares in the last quarter. Finally, Virtue Capital Management LLC increased its stake in shares of Itron by 2.2% during the third quarter. Virtue Capital Management LLC now owns 7,830 shares of the scientific and technical instruments company’s stock worth $836,000 after acquiring an additional 168 shares during the period. 96.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Janney Montgomery Scott began coverage on shares of Itron in a research report on Friday, September 27th. They issued a “buy” rating and a $131.00 price objective for the company. TD Cowen lifted their price target on Itron from $125.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Oppenheimer increased their price objective on Itron from $120.00 to $124.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Piper Sandler boosted their target price on shares of Itron from $110.00 to $119.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Guggenheim increased their price target on shares of Itron from $128.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Itron presently has an average rating of “Moderate Buy” and an average price target of $123.92.

Itron Stock Down 1.2 %

ITRI stock opened at $109.02 on Tuesday. 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 company’s 50 day simple moving average is $114.19 and its 200-day simple moving average is $106.24. Itron, Inc. has a 12 month low of $67.21 and a 12 month high of $124.90. The firm has a market capitalization of $4.92 billion, a PE ratio of 22.34, a P/E/G ratio of 0.84 and a beta of 1.47.

Itron (NASDAQ:ITRI) last released its quarterly earnings results on Thursday, October 31st. The scientific and technical instruments company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.71. The company had revenue of $615.46 million during the quarter, compared to analysts’ expectations of $596.41 million. Itron had a return on equity of 19.03% and a net margin of 9.37%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 earnings per share. Equities analysts expect that Itron, Inc. will post 5.33 earnings per share for the current fiscal year.

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.