Itron, Inc. (NASDAQ:ITRI) Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. lessened its stake in Itron, Inc. (NASDAQ:ITRI) by 12.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,155 shares of the scientific and technical instruments company’s stock after selling 304 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Itron were worth $234,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ITRI. Continuum Advisory LLC raised its stake 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 valued at $40,000 after acquiring an additional 102 shares during the period. Quarry LP increased its position in shares of Itron by 29.0% in the 3rd quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company’s stock worth $48,000 after purchasing an additional 102 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Itron by 26.1% in the 3rd quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company’s stock valued at $57,000 after buying an additional 111 shares during the period. Hager Investment Management Services LLC acquired a new position in shares of Itron in the 4th quarter valued at about $67,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Itron by 21.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the scientific and technical instruments company’s stock valued at $77,000 after buying an additional 129 shares during the period. Institutional investors and hedge funds own 96.19% of the company’s stock.

Insider Activity

In other news, Director Mary C. Hemmingsen sold 750 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $107.27, for a total transaction of $80,452.50. Following the sale, the director now owns 5,630 shares in the company, valued at $603,930.10. The trade was a 11.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Joan S. Hooper sold 2,322 shares of the business’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 transaction of $215,713.80. Following the sale, the chief financial officer now owns 92,076 shares in the company, valued at $8,553,860.40. This represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,037 shares of company stock worth $385,815 over the last 90 days. 1.45% of the stock is owned by company insiders.

Itron Stock Down 0.3 %

ITRI stock opened at $105.82 on Monday. Itron, Inc. has a 52-week low of $86.13 and a 52-week high of $124.90. The company’s 50 day simple moving average is $104.60 and its 200-day simple moving average is $107.39. 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 firm has a market capitalization of $4.78 billion, a P/E ratio of 21.68, a P/E/G ratio of 0.81 and a beta of 1.49.

Analysts Set New Price Targets

A number of research analysts have issued reports on ITRI shares. Piper Sandler boosted 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, February 27th. StockNews.com downgraded shares of Itron from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 1st. Canaccord Genuity Group boosted their price target on shares of Itron from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Guggenheim dropped their price target on shares of Itron from $135.00 to $133.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Finally, Oppenheimer boosted their price target on shares of Itron from $124.00 to $131.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company 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.