Itron, Inc. (NASDAQ:ITRI) Shares Sold by Inspire Investing LLC

Inspire Investing LLC trimmed its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 5.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,725 shares of the scientific and technical instruments company’s stock after selling 666 shares during the period. Inspire Investing LLC’s holdings in Itron were worth $1,273,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of ITRI. Sculptor Capital LP acquired a new stake in shares of Itron during the 2nd quarter worth about $5,255,000. Driehaus Capital Management LLC acquired a new stake in Itron during the second quarter worth approximately $18,758,000. Intech Investment Management LLC grew its stake in Itron by 105.9% in the 3rd quarter. Intech Investment Management LLC now owns 19,444 shares of the scientific and technical instruments company’s stock worth $2,077,000 after acquiring an additional 10,001 shares during the period. Geode Capital Management LLC raised its holdings in Itron by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,074,940 shares of the scientific and technical instruments company’s stock valued at $114,835,000 after acquiring an additional 5,630 shares during the last quarter. Finally, Beacon Harbor Wealth Advisors Inc. purchased a new position in shares of Itron during the 3rd quarter worth $5,994,000. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Roth Mkm lifted their price objective on Itron from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Oppenheimer upped their price objective on shares of Itron from $120.00 to $124.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Piper Sandler raised 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. Robert W. Baird upped their price target on shares of Itron from $123.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Janney Montgomery Scott assumed coverage on shares of Itron in a report on Friday, September 27th. They issued a “buy” rating and a $131.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $123.92.

Itron Trading Up 1.9 %

NASDAQ:ITRI opened at $108.09 on Friday. The business’s 50-day moving average is $111.59 and its two-hundred day moving average is $106.76. The firm has a market capitalization of $4.87 billion, a PE ratio of 22.15, a price-to-earnings-growth ratio of 0.88 and a beta of 1.47. Itron, Inc. has a 12 month low of $71.00 and a 12 month 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.

Itron (NASDAQ:ITRI) last announced its earnings results on Thursday, October 31st. The scientific and technical instruments company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.13 by $0.71. Itron had a return on equity of 19.03% and a net margin of 9.37%. The business had revenue of $615.46 million for the quarter, compared to the consensus estimate of $596.41 million. During the same period last year, the business posted $0.98 EPS. The company’s revenue was up 9.8% on a year-over-year basis. Research analysts predict that Itron, Inc. will post 5.33 earnings per share for the current fiscal year.

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.