Navellier & Associates Inc. Has $1.08 Million Position in Itron, Inc. (NASDAQ:ITRI)

Navellier & Associates Inc. boosted its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 27.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,907 shares of the scientific and technical instruments company’s stock after buying an additional 2,124 shares during the period. Navellier & Associates Inc.’s holdings in Itron were worth $1,076,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Peregrine Asset Advisers Inc. boosted its stake in Itron by 98.1% during the fourth quarter. Peregrine Asset Advisers Inc. now owns 42,924 shares of the scientific and technical instruments company’s stock worth $4,661,000 after buying an additional 21,260 shares in the last quarter. Ieq Capital LLC acquired a new stake in Itron during the fourth quarter worth $965,000. Principal Financial Group Inc. boosted its stake in Itron by 6.4% during the fourth quarter. Principal Financial Group Inc. now owns 263,972 shares of the scientific and technical instruments company’s stock worth $28,662,000 after buying an additional 15,895 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its stake in Itron by 6.1% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,185 shares of the scientific and technical instruments company’s stock worth $237,000 after buying an additional 125 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its stake in Itron by 8.1% during the fourth quarter. Vontobel Holding Ltd. now owns 464,787 shares of the scientific and technical instruments company’s stock worth $50,467,000 after buying an additional 34,842 shares in the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. TD Cowen lifted their price objective on Itron from $125.00 to $136.00 and gave the company a “buy” rating in a report on Friday, November 1st. StockNews.com raised Itron from a “buy” rating to a “strong-buy” rating in a report on Friday. Piper Sandler lifted 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 lifted their price objective on Itron from $120.00 to $124.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Robert W. Baird lifted their price objective on Itron from $123.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Itron has a consensus rating of “Moderate Buy” and a consensus price target of $123.92.

Itron Price Performance

Itron stock opened at $93.94 on Friday. The firm has a market capitalization of $4.24 billion, a P/E ratio of 19.25, a PEG ratio of 0.81 and a beta of 1.46. Itron, Inc. has a 1 year low of $73.64 and a 1 year high of $124.90. The business has a 50-day moving average of $105.60 and a 200-day moving average of $106.78. The company has a current ratio of 3.36, a quick ratio of 2.83 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.