HighTower Advisors LLC Has $799,000 Stake in Itron, Inc. (NASDAQ:ITRI)

HighTower Advisors LLC increased its position in shares of Itron, Inc. (NASDAQ:ITRI) by 143.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,355 shares of the scientific and technical instruments company’s stock after acquiring an additional 4,331 shares during the period. HighTower Advisors LLC’s holdings in Itron were worth $799,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Erste Asset Management GmbH bought a new stake in shares of Itron during the third quarter worth about $38,534,000. Franklin Resources Inc. raised its stake in shares of Itron by 611.9% during the third quarter. Franklin Resources Inc. now owns 282,828 shares of the scientific and technical instruments company’s stock valued at $31,128,000 after acquiring an additional 243,102 shares during the last quarter. Soros Fund Management LLC raised its stake in shares of Itron by 38.9% during the third quarter. Soros Fund Management LLC now owns 275,000 shares of the scientific and technical instruments company’s stock valued at $29,373,000 after acquiring an additional 77,050 shares during the last quarter. Edgestream Partners L.P. lifted its holdings in shares of Itron by 1,340.9% during the third quarter. Edgestream Partners L.P. now owns 42,161 shares of the scientific and technical instruments company’s stock worth $4,503,000 after purchasing an additional 39,235 shares during the period. Finally, Vontobel Holding Ltd. increased its holdings in Itron by 8.1% in the fourth quarter. Vontobel Holding Ltd. now owns 464,787 shares of the scientific and technical instruments company’s stock valued at $50,467,000 after purchasing an additional 34,842 shares during the period. Institutional investors and hedge funds own 96.19% of the company’s stock.

Insider Buying and Selling at Itron

In other news, Director Mary C. Hemmingsen sold 750 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $107.27, for a total transaction of $80,452.50. Following the transaction, the director now directly owns 5,630 shares of the company’s stock, valued at $603,930.10. This represents a 11.76 % decrease in their ownership of the stock. The sale 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 Itron stock in a transaction on Monday, February 24th. The shares were sold at an average price of $92.90, for a total transaction of $29,449.30. Following the completion of the sale, the chief accounting officer now directly owns 8,108 shares of the company’s stock, valued at approximately $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 ninety days, insiders sold 4,037 shares of company stock valued at $385,815. Corporate insiders own 1.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Canaccord Genuity Group lifted their target price on Itron from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Piper Sandler lifted their price objective on Itron from $119.00 to $124.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. Oppenheimer upped their target price on Itron from $124.00 to $131.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. Guggenheim lowered their price target on shares of Itron from $135.00 to $133.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Finally, StockNews.com lowered shares of Itron from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 1st. Three analysts have rated the stock with a hold rating and nine have given a 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.

Itron Stock Down 2.0 %

Itron stock opened at $105.24 on Friday. The company has a market capitalization of $4.80 billion, a PE ratio of 21.57, a PEG ratio of 0.81 and a beta of 1.49. Itron, Inc. has a 12-month low of $87.91 and a 12-month high of $124.90. The firm’s fifty day moving average is $104.24 and its 200 day moving average is $107.83. 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 Company 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.