1 week Ago By ABMN Staff
California Public Employees Retirement System lowered its holdings in Itron, Inc. ( NASDAQ:ITRI – Free Report ) by 5.4% during the 4th quarter, HoldingsChannel.
com reports. The fund owned 79,259 shares of the scientific and technical instruments company’s stock after selling 4,523 shares during the quarter. California Public Employees Retirement System’s holdings in Itron were worth $8,606,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of ITRI. Proficio Capital Partners LLC purchased a new position in shares of Itron in the 4th quarter worth about $30,000. Continuum Advisory LLC boosted its holdings in Itron by 42.
1% during the 3rd 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 period. Quarry LP grew its holdings in shares of 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 during the last quarter. Hager Investment Management Services LLC purchased a new position in shares of Itron in the fourth quarter valued at about $67,000.
Finally, Contravisory Investment Management Inc. increased its holdings in Itron by 154.9% during the 4th quarter.
Contravisory Investment Management Inc. now owns 864 shares of the scientific and technical instruments company’s stock valued at $94,000 after purchasing an additional 525 shares during the period. 96.
19% of the stock is owned by hedge funds and other institutional investors. Analyst Ratings Changes Several research analysts have commented on the stock. Piper Sandler upped their price objective on shares of Itron from $119.
00 to $124.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th. Guggenheim lowered their price objective on Itron from $135.
00 to $133.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. StockNews.
com downgraded shares of Itron from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 1st. Canaccord Genuity Group lifted their price target on shares of Itron from $130.00 to $132.
00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Finally, Oppenheimer boosted their target price on shares of Itron from $124.00 to $131.
00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $127.
64. Itron Stock Down 6.0 % NASDAQ ITRI opened at $94.
79 on Monday. The stock’s 50-day moving average price is $103.81 and its 200-day moving average price is $108.
02. The company has a market capitalization of $4.32 billion, a P/E ratio of 19.
42, a price-to-earnings-growth 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. Itron, Inc. has a 52 week low of $88.
87 and a 52 week high of $124.90. Insiders Place Their Bets In other news, SVP Christopher E.
Ware sold 648 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $92.90, for a total transaction of $60,199.
20. Following the completion of the transaction, the senior vice president now owns 20,326 shares in the company, valued at $1,888,285.40.
This trade represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website .
Also, Director Mary C. Hemmingsen sold 750 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $107.
27, for a total value of $80,452.50. Following the transaction, the director now owns 5,630 shares of the company’s stock, 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 90 days, insiders have sold 4,037 shares of company stock worth $385,815. Company insiders own 1.
51% of the company’s stock. Itron Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding ITRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Itron, Inc.
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