Fort Sheridan Advisors LLC Increases Stake in Itron, Inc. (NASDAQ:ITRI)

Fort Sheridan Advisors LLC increased its stake in Itron, Inc. (NASDAQ:ITRI) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,798 shares of the scientific and technical instruments company’s stock after buying an additional 270 shares during the period. Fort Sheridan Advisors LLC’s holdings in Itron were worth $1,172,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Louisiana State Employees Retirement System lifted its stake in shares of Itron by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 21,800 shares of the scientific and technical instruments company’s stock valued at $2,367,000 after purchasing an additional 100 shares during the period. Quarry LP lifted its position in Itron by 29.0% during the third quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company’s stock valued at $48,000 after buying an additional 102 shares during the period. Continuum Advisory LLC grew its position in shares of Itron by 42.1% in the 3rd quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company’s stock worth $40,000 after buying an additional 102 shares during the period. Stifel Financial Corp increased its stake in shares of Itron by 2.2% in the 3rd quarter. Stifel Financial Corp now owns 4,921 shares of the scientific and technical instruments company’s stock worth $526,000 after acquiring an additional 108 shares in the last quarter. Finally, Covestor Ltd lifted its position in Itron by 26.1% during the 3rd quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company’s stock valued at $57,000 after acquiring an additional 111 shares during the period. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Itron

In other Itron news, CFO Joan S. Hooper sold 2,322 shares of the business’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 $215,713.80. Following the completion of the sale, the chief financial officer now directly owns 92,076 shares in the company, valued at $8,553,860.40. The trade was a 2.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Christopher E. Ware sold 648 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $92.90, for a total transaction of $60,199.20. Following the sale, the senior vice president now directly owns 20,326 shares of the company’s stock, valued at $1,888,285.40. The trade was a 3.09 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,287 shares of company stock worth $305,362. 1.45% of the stock is owned by insiders.

Itron Price Performance

Shares of ITRI opened at $106.89 on Friday. The firm has a fifty day simple moving average of $104.98 and a two-hundred day simple moving average of $106.85. The firm has a market cap of $4.82 billion, a PE ratio of 21.90, a P/E/G ratio of 0.81 and a beta of 1.46. The company has a current ratio of 3.36, a quick ratio of 2.83 and a debt-to-equity ratio of 0.91. Itron, Inc. has a 1-year low of $86.13 and a 1-year high of $124.90.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Piper Sandler raised their target price on shares of Itron from $119.00 to $124.00 and gave the company a “neutral” rating in a research note on Thursday. Robert W. Baird raised their price target on Itron from $123.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Oppenheimer upped 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. TD Cowen lifted their target price on shares of Itron from $125.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Guggenheim cut their price target on shares of Itron from $135.00 to $133.00 and set a “buy” rating on the stock in a report on Thursday. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently 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.