5,100 Shares in Itron, Inc. (NASDAQ:ITRI) Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC purchased a new position in shares of Itron, Inc. (NASDAQ:ITRI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,100 shares of the scientific and technical instruments company’s stock, valued at approximately $554,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new position in Itron in the 4th quarter valued at about $30,000. Continuum Advisory LLC increased its stake in shares of 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 acquiring an additional 102 shares during the period. Quarry LP raised its holdings in Itron by 29.0% during the third 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 in the last quarter. Hager Investment Management Services LLC acquired a new stake in Itron in the fourth quarter worth approximately $67,000. Finally, Contravisory Investment Management Inc. boosted its stake 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 in the last quarter. Institutional investors own 96.19% of the company’s stock.

Itron Price Performance

ITRI opened at $103.82 on Monday. Itron, Inc. has a 12-month low of $87.91 and a 12-month high of $124.90. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $4.73 billion, a P/E ratio of 21.27, a PEG ratio of 0.81 and a beta of 1.49. The stock has a fifty day moving average of $104.21 and a 200-day moving average of $108.01.

Insider Buying and Selling

In other Itron news, CFO Joan S. Hooper sold 2,322 shares of the company’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 value of $215,713.80. Following the transaction, the chief financial officer now owns 92,076 shares in the company, valued at approximately $8,553,860.40. This represents a 2.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the chief accounting officer now directly owns 8,108 shares of the company’s stock, valued at $753,233.20. This trade represents a 3.76 % decrease in their position. The disclosure for this sale can be found here. In 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.

Analysts Set New Price Targets

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