Schroder Investment Management Group Boosts Holdings in Itron, Inc. (NASDAQ:ITRI)

Schroder Investment Management Group lifted its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 42.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 253,526 shares of the scientific and technical instruments company’s stock after purchasing an additional 75,166 shares during the quarter. Schroder Investment Management Group owned about 0.56% of Itron worth $27,528,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in ITRI. Louisiana State Employees Retirement System grew its stake in shares of Itron by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 21,800 shares of the scientific and technical instruments company’s stock worth $2,367,000 after acquiring an additional 100 shares in the last quarter. Quarry LP lifted its holdings in Itron by 29.0% during the 3rd 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 last quarter. Continuum Advisory LLC boosted its position in shares of Itron by 42.1% during the 3rd 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 in the last quarter. Stifel Financial Corp increased its stake in Itron by 2.2% in the third quarter. Stifel Financial Corp now owns 4,921 shares of the scientific and technical instruments company’s stock valued at $526,000 after purchasing an additional 108 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC grew its position in shares of Itron by 6.1% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,185 shares of the scientific and technical instruments company’s stock valued at $237,000 after buying an additional 125 shares during the last quarter. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Itron

In other news, CAO David Marshall Wright sold 317 shares of Itron stock in a transaction that occurred 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 sale, the chief accounting officer now owns 8,108 shares in the company, valued at $753,233.20. This trade represents 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 stock was 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 in the company, valued at $603,930.10. This represents a 11.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,037 shares of company stock worth $385,815. 1.51% of the stock is currently owned by company insiders.

Itron Trading Up 1.4 %

ITRI stock opened at $107.36 on Thursday. The company has a market cap of $4.89 billion, a price-to-earnings ratio of 22.00, a PEG ratio of 0.81 and a beta of 1.39. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91. The business has a fifty day simple moving average of $104.20 and a 200-day simple moving average of $108.07. Itron, Inc. has a 52 week low of $88.87 and a 52 week high of $124.90.

Wall Street Analyst Weigh In

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

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.