Navellier & Associates Inc. Has $1.08 Million Stock Holdings in Itron, Inc. (NASDAQ:ITRI)

Navellier & Associates Inc. lifted its holdings in Itron, Inc. (NASDAQ:ITRI) by 27.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 9,907 shares of the scientific and technical instruments company’s stock after buying an additional 2,124 shares during the quarter. Navellier & Associates Inc.’s holdings in Itron were worth $1,076,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Creative Planning lifted its stake in Itron by 17.1% in the 3rd quarter. Creative Planning now owns 15,677 shares of the scientific and technical instruments company’s stock valued at $1,674,000 after acquiring an additional 2,284 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Itron by 27.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 3,412 shares of the scientific and technical instruments company’s stock valued at $364,000 after acquiring an additional 734 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in Itron in the 3rd quarter valued at $223,000. Adams Natural Resources Fund Inc. acquired a new position in Itron in the 3rd quarter valued at $3,023,000. Finally, Pinnacle Associates Ltd. grew its holdings in Itron by 9.3% in the 3rd quarter. Pinnacle Associates Ltd. now owns 398,372 shares of the scientific and technical instruments company’s stock valued at $42,550,000 after buying an additional 34,014 shares in the last quarter. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Itron Price Performance

Itron stock opened at $93.94 on Friday. The company has a current ratio of 3.36, a quick ratio of 2.83 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $4.24 billion, a PE ratio of 19.25, a P/E/G ratio of 0.81 and a beta of 1.46. Itron, Inc. has a 12 month low of $73.64 and a 12 month high of $124.90. The stock has a 50-day moving average price of $105.60 and a two-hundred day moving average price of $106.78.

Analyst Ratings Changes

Several research firms have recently issued reports on ITRI. StockNews.com raised Itron from a “buy” rating to a “strong-buy” rating in a report on Friday. Guggenheim increased their target price on Itron from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Robert W. Baird increased their target price on Itron from $123.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. TD Cowen upped their price objective on Itron from $125.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Piper Sandler upped their price objective on Itron from $110.00 to $119.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Itron presently has a consensus rating of “Moderate Buy” and an average target price of $123.92.

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.