Merit Financial Group LLC bought a new position in shares of Itron, Inc. (NASDAQ:ITRI – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,775 shares of the scientific and technical instruments company’s stock, valued at approximately $301,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Quarry LP increased its position in shares of 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 purchasing an additional 102 shares during the last quarter. Continuum Advisory LLC increased its position 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 last quarter. Stifel Financial Corp increased its position in shares of Itron by 2.2% during the third 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. Covestor Ltd lifted 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 worth $57,000 after acquiring an additional 111 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position 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 purchasing an additional 129 shares during the period. 96.19% of the stock is currently owned by institutional investors and hedge funds.
Itron Stock Down 1.1 %
Shares of Itron stock opened at $106.86 on Friday. Itron, Inc. has a 52-week low of $71.00 and a 52-week high of $124.90. The company has a 50 day moving average of $111.24 and a 200 day moving average of $106.89. 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 company has a market capitalization of $4.82 billion, a P/E ratio of 21.90, a P/E/G ratio of 0.88 and a beta of 1.47.
Analyst Ratings Changes
A number of brokerages have issued reports on ITRI. TD Cowen boosted their target price on Itron from $125.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Piper Sandler boosted their price objective on Itron from $110.00 to $119.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Oppenheimer raised their target price on Itron from $120.00 to $124.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Guggenheim boosted their price target on shares of Itron from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Roth Mkm raised their price objective on shares of Itron from $125.00 to $130.00 and gave the company a “buy” rating in a research note 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $123.92.
Get Our Latest Stock Report on Itron
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.
Featured Articles
- Five stocks we like better than Itron
- Quiet Period Expirations Explained
- Bloom Energy: Powering the Future With Decentralized Energy
- What Are Dividend Achievers? An Introduction
- Dividend Powerhouses: Blue-Chip Stocks Built for the Long Haul
- What Are Earnings Reports?
- Why Traders Are Buying the Dip on Johnson & Johnson Stock
Want to see what other hedge funds are holding ITRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Itron, Inc. (NASDAQ:ITRI – Free Report).
Receive News & Ratings for Itron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Itron and related companies with MarketBeat.com's FREE daily email newsletter.