Los Angeles Capital Management LLC Acquires 4,241 Shares of Itron, Inc. (NASDAQ:ITRI)

Los Angeles Capital Management LLC raised its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 10.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 44,391 shares of the scientific and technical instruments company’s stock after buying an additional 4,241 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Itron were worth $4,820,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ITRI. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Itron in the 3rd quarter worth approximately $223,000. Measured Wealth Private Client Group LLC lifted its position in Itron by 7.0% in the third quarter. Measured Wealth Private Client Group LLC now owns 3,476 shares of the scientific and technical instruments company’s stock worth $371,000 after buying an additional 227 shares during the last quarter. Farther Finance Advisors LLC lifted its position in 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. Janney Montgomery Scott LLC boosted its stake in Itron by 1.7% during the third quarter. Janney Montgomery Scott LLC now owns 11,425 shares of the scientific and technical instruments company’s stock worth $1,220,000 after buying an additional 190 shares during the period. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in shares of Itron in the third quarter valued at $473,000. 96.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on ITRI shares. Roth Mkm lifted their price target on shares of Itron from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Robert W. Baird boosted their target price on Itron from $123.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Guggenheim decreased their price target on Itron from $135.00 to $133.00 and set a “buy” rating for the company in a research note on Thursday. Oppenheimer upped their price objective on Itron from $124.00 to $131.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Piper Sandler lifted their target price on Itron from $119.00 to $124.00 and gave the stock a “neutral” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Itron currently has an average rating of “Moderate Buy” and a consensus target price of $127.64.

Itron Stock Down 0.8 %

NASDAQ:ITRI opened at $106.89 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83. The firm has a market cap of $4.82 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 0.81 and a beta of 1.46. The company has a 50-day moving average of $104.98 and a 200 day moving average of $106.85. Itron, Inc. has a 1-year low of $86.13 and a 1-year high of $124.90.

Insider Transactions at Itron

In related news, SVP Christopher E. Ware sold 648 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $92.90, for a total value of $60,199.20. Following the completion of the transaction, the senior vice president now owns 20,326 shares of the company’s stock, valued at $1,888,285.40. The trade was a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 value of $29,449.30. Following the sale, the chief accounting officer now directly owns 8,108 shares in the company, valued at $753,233.20. This trade represents a 3.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,287 shares of company stock valued at $305,362. Company insiders own 1.45% of the company’s stock.

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.