Itron (NASDAQ:ITRI) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Itron (NASDAQ:ITRI) from a strong-buy rating to a buy rating in a report released on Saturday morning.

Several other equities research analysts have also issued reports on the company. Piper Sandler raised their target price on Itron from $119.00 to $124.00 and gave the company a “neutral” rating in a research report on Thursday, February 27th. TD Cowen lifted their price target on shares of Itron from $125.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Guggenheim lowered their price objective on Itron from $135.00 to $133.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Robert W. Baird raised their price target on Itron from $123.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Roth Mkm boosted their price objective on shares of Itron from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.64.

Itron Price Performance

Shares of NASDAQ ITRI opened at $106.52 on Friday. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $4.80 billion, a PE ratio of 21.83, a PEG ratio of 0.81 and a beta of 1.46. The stock’s 50 day moving average price is $104.96 and its 200-day moving average price is $107.09. Itron has a twelve month low of $86.13 and a twelve month high of $124.90.

Insider Transactions at Itron

In related 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 value 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. This trade represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO David Marshall Wright sold 317 shares of the company’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 $29,449.30. Following the transaction, the chief accounting officer now directly owns 8,108 shares of the company’s stock, valued at $753,233.20. The trade was a 3.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,037 shares of company stock worth $385,815. Insiders own 1.45% of the company’s stock.

Institutional Investors Weigh In On Itron

Several institutional investors and hedge funds have recently modified their holdings of the stock. Menard Financial Group LLC boosted its position in Itron by 12.2% during the 4th quarter. Menard Financial Group LLC now owns 5,684 shares of the scientific and technical instruments company’s stock valued at $617,000 after acquiring an additional 619 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Itron in the fourth quarter worth $14,563,000. Virtue Capital Management LLC grew its stake in Itron by 5.4% in the fourth quarter. Virtue Capital Management LLC now owns 8,249 shares of the scientific and technical instruments company’s stock worth $896,000 after purchasing an additional 419 shares during the period. GTS Securities LLC bought a new position in Itron in the fourth quarter worth $288,000. Finally, Vise Technologies Inc. grew its position in shares of Itron by 18.4% in the 4th quarter. Vise Technologies Inc. now owns 2,456 shares of the scientific and technical instruments company’s stock worth $267,000 after buying an additional 381 shares during the period. 96.19% of the stock is owned by hedge funds and other institutional investors.

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.