TD Waterhouse Canada Inc. Lowers Stock Position in Itron, Inc. (NASDAQ:ITRI)

TD Waterhouse Canada Inc. trimmed its holdings in Itron, Inc. (NASDAQ:ITRI) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,534 shares of the scientific and technical instruments company’s stock after selling 411 shares during the quarter. TD Waterhouse Canada Inc. owned about 0.16% of Itron worth $7,984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. GeoWealth Management LLC boosted its position in shares of Itron by 4,580.0% in the 4th quarter. GeoWealth Management LLC now owns 234 shares of the scientific and technical instruments company’s stock worth $25,000 after purchasing an additional 229 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Itron in the fourth quarter worth $30,000. Hager Investment Management Services LLC purchased a new position in shares of Itron in the 4th quarter worth about $67,000. Contravisory Investment Management Inc. grew its position 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 last quarter. Finally, Smartleaf Asset Management LLC increased its stake in Itron by 347.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 886 shares of the scientific and technical instruments company’s stock valued at $97,000 after purchasing an additional 688 shares in the last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

Itron Stock Down 1.7 %

Shares of ITRI stock opened at $101.48 on Tuesday. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 0.81 and a beta of 1.39. 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 company’s fifty day moving average price is $102.33 and its 200-day moving average price is $107.42. Itron, Inc. has a one year low of $89.66 and a one year high of $124.90.

Insider Activity

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, CAO David Marshall Wright sold 317 shares of Itron stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $92.90, for a total value of $29,449.30. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,037 shares of company stock worth $385,815 over the last ninety days. Corporate insiders own 1.45% of the company’s stock.

Analyst Ratings Changes

ITRI has been the topic of a number of recent analyst reports. StockNews.com cut shares of Itron from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 1st. Oppenheimer lifted 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, February 26th. Guggenheim reaffirmed a “buy” rating and issued a $133.00 target price on shares of Itron in a research report on Thursday, April 17th. Piper Sandler increased their price target on Itron from $119.00 to $124.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. Finally, Canaccord Genuity Group lifted their price objective on Itron from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $127.64.

Itron Profile

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.