Itron, Inc. (NASDAQ:ITRI) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC boosted its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 2,000.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,986 shares of the scientific and technical instruments company’s stock after purchasing an additional 5,701 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Itron were worth $650,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Mesirow Institutional Investment Management Inc. boosted its position in shares of Itron by 47.8% during the 4th quarter. Mesirow Institutional Investment Management Inc. now owns 4,499 shares of the scientific and technical instruments company’s stock valued at $489,000 after acquiring an additional 1,454 shares during the last quarter. MetLife Investment Management LLC raised its stake in Itron by 3.7% during the fourth quarter. MetLife Investment Management LLC now owns 27,066 shares of the scientific and technical instruments company’s stock worth $2,939,000 after purchasing an additional 975 shares during the period. First Trust Advisors LP boosted its holdings in Itron by 9.1% in the 4th quarter. First Trust Advisors LP now owns 802,584 shares of the scientific and technical instruments company’s stock valued at $87,145,000 after purchasing an additional 66,637 shares during the last quarter. Freedom Investment Management Inc. grew its stake in shares of Itron by 4.7% in the 4th quarter. Freedom Investment Management Inc. now owns 13,242 shares of the scientific and technical instruments company’s stock valued at $1,438,000 after buying an additional 593 shares during the period. Finally, GeoWealth Management LLC raised its position in shares of Itron by 4,580.0% during the 4th quarter. GeoWealth Management LLC now owns 234 shares of the scientific and technical instruments company’s stock valued at $25,000 after buying an additional 229 shares during the period. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Itron

In other Itron news, CFO Joan S. Hooper sold 2,322 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $92.90, for a total value of $215,713.80. Following the sale, the chief financial officer now owns 92,076 shares of the company’s stock, valued at $8,553,860.40. This trade represents a 2.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Christopher E. Ware sold 648 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $92.90, for a total value of $60,199.20. Following the transaction, the senior vice president now directly owns 20,326 shares of the company’s stock, valued at approximately $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 sold 4,037 shares of company stock valued at $385,815 in the last 90 days. Company insiders own 1.45% of the company’s stock.

Itron Trading Up 1.1 %

NASDAQ ITRI opened at $110.41 on Monday. Itron, Inc. has a one year low of $90.03 and a one year high of $124.90. The firm has a 50 day simple moving average of $103.10 and a 200-day simple moving average of $107.44. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 0.81 and a beta of 1.39. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.83 and a current ratio of 3.36.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ITRI shares. Oppenheimer increased 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. StockNews.com downgraded Itron from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 1st. Piper Sandler upped their target price 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. Guggenheim reaffirmed a “buy” rating and set a $133.00 target price on shares of Itron in a research note on Thursday, April 17th. Finally, Canaccord Genuity Group boosted their price target 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. 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, the company has an average rating of “Moderate Buy” and a consensus price target of $127.64.

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.