Illumine Investment Management LLC Invests $757,000 in Itron, Inc. (NASDAQ:ITRI)

Illumine Investment Management LLC bought a new stake in Itron, Inc. (NASDAQ:ITRI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,975 shares of the scientific and technical instruments company’s stock, valued at approximately $757,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ITRI. Continuum Advisory LLC lifted its stake in Itron by 42.1% in the third quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company’s stock valued at $40,000 after acquiring an additional 102 shares during the last quarter. Quarry LP boosted 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 purchasing an additional 102 shares in the last quarter. Covestor Ltd increased its position in Itron by 26.1% during 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 last quarter. Hager Investment Management Services LLC bought a new position in Itron during the fourth quarter valued at about $67,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Itron by 21.7% in the third quarter. Farther Finance Advisors LLC now owns 724 shares of the scientific and technical instruments company’s stock worth $77,000 after buying an additional 129 shares during the last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Itron

In related news, CAO David Marshall Wright sold 317 shares of the 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 owns 8,108 shares in the company, valued at approximately $753,233.20. This represents a 3.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Christopher E. Ware sold 648 shares of Itron stock in a transaction on 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,287 shares of company stock valued at $305,362 over the last quarter. Corporate insiders own 1.45% of the company’s stock.

Itron Stock Performance

Shares of NASDAQ:ITRI opened at $106.89 on Friday. The firm’s 50 day simple moving average is $104.98 and its 200 day simple moving average is $106.85. The company has a market capitalization of $4.82 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 0.81 and a beta of 1.46. Itron, Inc. has a fifty-two week low of $86.13 and a fifty-two week 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

A number of research analysts recently weighed in on the company. Piper Sandler raised their price objective on Itron from $119.00 to $124.00 and gave the company a “neutral” rating in a research note on Thursday. Roth Mkm lifted their price target on shares of Itron from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 1st. TD Cowen upped their price objective on shares of Itron from $125.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, November 1st. StockNews.com upgraded shares of Itron from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 21st. Finally, Guggenheim dropped their price objective on Itron from $135.00 to $133.00 and set a “buy” rating on the stock in a research note on Thursday. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.