Itron, Inc. (NASDAQ:ITRI) Shares Sold by PGGM Investments

PGGM Investments lessened its holdings in Itron, Inc. (NASDAQ:ITRI) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 576,721 shares of the scientific and technical instruments company’s stock after selling 10,412 shares during the quarter. PGGM Investments’ holdings in Itron were worth $62,620,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ITRI. Proficio Capital Partners LLC purchased a new stake in shares of Itron in the 4th quarter valued at $30,000. Continuum Advisory LLC lifted its position 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 purchasing an additional 102 shares during the period. Quarry LP lifted its position in Itron by 29.0% during the third quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company’s stock valued at $48,000 after purchasing an additional 102 shares during the period. Covestor Ltd boosted its holdings in Itron by 26.1% in the third quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company’s stock valued at $57,000 after purchasing an additional 111 shares during the last quarter. Finally, Hager Investment Management Services LLC acquired a new stake in Itron during the 4th quarter worth about $67,000. 96.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com cut Itron from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 1st. Oppenheimer upped their price objective on Itron from $124.00 to $131.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Guggenheim dropped their price objective on shares of Itron from $135.00 to $133.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Canaccord Genuity Group boosted their target price on shares of Itron from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Finally, Piper Sandler raised their price target on shares of Itron from $119.00 to $124.00 and gave the company a “neutral” rating in a research report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Itron currently has an average rating of “Moderate Buy” and a consensus target price of $127.64.

Itron Price Performance

Shares of NASDAQ ITRI opened at $103.13 on Thursday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.83 and a current ratio of 3.36. The firm has a fifty day moving average of $104.38 and a 200 day moving average of $107.42. The firm has a market cap of $4.66 billion, a PE ratio of 21.13, a PEG ratio of 0.81 and a beta of 1.49. Itron, Inc. has a one year low of $86.13 and a one year high of $124.90.

Insider Activity

In other news, CAO David Marshall Wright sold 317 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $92.90, for a total value of $29,449.30. Following the transaction, the chief accounting officer now owns 8,108 shares in the company, valued at $753,233.20. This trade represents a 3.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Christopher E. Ware sold 648 shares of Itron stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $92.90, for a total value of $60,199.20. Following the completion of the sale, the senior vice president now directly owns 20,326 shares in the company, valued at $1,888,285.40. This represents a 3.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,037 shares of company stock worth $385,815 over the last 90 days. 1.45% of the stock is currently owned by company insiders.

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.