Itron, Inc. (NASDAQ:ITRI) Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd reduced its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 11.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 64,918 shares of the scientific and technical instruments company’s stock after selling 8,200 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Itron were worth $7,049,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Continuum Advisory LLC grew its holdings in Itron by 42.1% during the third 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. Quarry LP boosted its position in Itron by 29.0% in the 3rd quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company’s stock worth $48,000 after purchasing an additional 102 shares in the last quarter. Hager Investment Management Services LLC acquired a new stake in shares of Itron during the 4th quarter worth approximately $67,000. Contravisory Investment Management Inc. increased its holdings 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 purchasing an additional 525 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Itron by 347.5% in 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 purchasing an additional 688 shares during the period. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Itron Trading Down 2.0 %

Shares of ITRI opened at $105.24 on Friday. Itron, Inc. has a 52-week low of $87.91 and a 52-week high of $124.90. The stock has a market cap of $4.80 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 0.81 and a beta of 1.49. The firm’s fifty day moving average is $104.24 and its two-hundred day moving average is $107.83. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, SVP Christopher E. Ware sold 648 shares of Itron 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 transaction, the senior vice president now owns 20,326 shares in the company, valued at $1,888,285.40. The trade was a 3.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary C. Hemmingsen sold 750 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $107.27, for a total transaction of $80,452.50. Following the transaction, the director now directly owns 5,630 shares in the company, valued at approximately $603,930.10. The trade was a 11.76 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,037 shares of company stock worth $385,815. 1.45% of the stock is owned by insiders.

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.