Natixis Advisors LLC Decreases Stake in Itron, Inc. (NASDAQ:ITRI)

Natixis Advisors LLC cut its position in Itron, Inc. (NASDAQ:ITRI) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,461 shares of the scientific and technical instruments company’s stock after selling 841 shares during the period. Natixis Advisors LLC’s holdings in Itron were worth $1,787,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Louisiana State Employees Retirement System grew its stake in shares of Itron by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 21,800 shares of the scientific and technical instruments company’s stock worth $2,367,000 after purchasing an additional 100 shares in the last quarter. Quarry LP lifted its holdings in Itron by 29.0% during the 3rd quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company’s stock worth $48,000 after buying an additional 102 shares during the last quarter. Continuum Advisory LLC boosted its position in shares of Itron by 42.1% during the 3rd quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company’s stock worth $40,000 after acquiring an additional 102 shares in the last quarter. Stifel Financial Corp increased its holdings 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 valued at $526,000 after acquiring an additional 108 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC raised its position in shares of Itron by 6.1% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,185 shares of the scientific and technical instruments company’s stock worth $237,000 after acquiring an additional 125 shares in the last quarter. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Itron Price Performance

Shares of ITRI opened at $108.56 on Tuesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.83 and a current ratio of 3.36. Itron, Inc. has a fifty-two week low of $87.91 and a fifty-two week high of $124.90. The firm has a 50-day simple moving average of $104.11 and a 200-day simple moving average of $107.77. The company has a market capitalization of $4.95 billion, a price-to-earnings ratio of 22.25, a price-to-earnings-growth ratio of 0.81 and a beta of 1.49.

Insider Buying and Selling at Itron

In other Itron news, CFO Joan S. Hooper sold 2,322 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $92.90, for a total value of $215,713.80. Following the transaction, the chief financial officer now directly owns 92,076 shares of the company’s stock, valued at approximately $8,553,860.40. The trade was a 2.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Christopher E. Ware sold 648 shares of the firm’s stock in a transaction on 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 sale, the senior vice president now owns 20,326 shares of the company’s stock, valued at $1,888,285.40. This trade represents a 3.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,037 shares of company stock valued at $385,815 in the last ninety days. Insiders own 1.45% of the company’s stock.

Analyst Ratings Changes

ITRI has been the subject of a number of research analyst reports. StockNews.com downgraded Itron from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 1st. Oppenheimer increased their target price on shares of Itron from $124.00 to $131.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. 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 research note on Thursday, February 27th. Canaccord Genuity Group upped their price objective on shares of Itron from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. 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, February 27th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.