Mount Yale Investment Advisors LLC Invests $286,000 in Itron, Inc. (NASDAQ:ITRI)

Mount Yale Investment Advisors LLC bought a new position in shares of Itron, Inc. (NASDAQ:ITRI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,633 shares of the scientific and technical instruments company’s stock, valued at approximately $286,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Quarry LP grew its position in shares of Itron by 53.0% during the second quarter. Quarry LP now owns 352 shares of the scientific and technical instruments company’s stock valued at $35,000 after purchasing an additional 122 shares in the last quarter. Continuum Advisory LLC boosted its stake in Itron by 42.1% during the third quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company’s stock valued at $40,000 after buying an additional 102 shares during the last quarter. Covestor Ltd grew its holdings in Itron by 26.1% during 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 in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Itron by 21.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the scientific and technical instruments company’s stock worth $77,000 after acquiring an additional 129 shares in the last quarter. Finally, Contravisory Investment Management Inc. boosted its position in shares of 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 acquiring an additional 525 shares during the last quarter. Institutional investors own 96.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Oppenheimer upped their price target on shares of Itron from $120.00 to $124.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Robert W. Baird lifted their price target on Itron from $123.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Guggenheim boosted their price objective on Itron from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Piper Sandler lifted their target price on Itron from $110.00 to $119.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, TD Cowen increased their price target on Itron from $125.00 to $136.00 and gave the company a “buy” rating in a report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $123.92.

Itron Stock Performance

Shares of NASDAQ:ITRI opened at $105.90 on Thursday. The firm’s 50 day simple moving average is $110.69 and its 200-day simple moving average is $106.95. 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 one year low of $71.00 and a one year high of $124.90. The firm has a market cap of $4.78 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 0.88 and a beta of 1.47.

Itron (NASDAQ:ITRI) last issued its earnings results on Thursday, October 31st. The scientific and technical instruments company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.71. Itron had a return on equity of 19.03% and a net margin of 9.37%. The business had revenue of $615.46 million during the quarter, compared to analyst estimates of $596.41 million. During the same period in the previous year, the company posted $0.98 EPS. Itron’s revenue was up 9.8% on a year-over-year basis. As a group, equities analysts predict that Itron, Inc. will post 5.33 EPS for the current year.

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.