John G Ullman & Associates Inc. Has $6.45 Million Stock Holdings in Itron, Inc. (NASDAQ:ITRI)

John G Ullman & Associates Inc. lowered its position in shares of Itron, Inc. (NASDAQ:ITRI) by 2.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,356 shares of the scientific and technical instruments company’s stock after selling 1,776 shares during the quarter. Itron makes up approximately 0.9% of John G Ullman & Associates Inc.’s holdings, making the stock its 28th biggest holding. John G Ullman & Associates Inc. owned approximately 0.13% of Itron worth $6,445,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ITRI. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Itron during the 3rd quarter worth about $223,000. Farther Finance Advisors LLC increased 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 in the last quarter. Janney Montgomery Scott LLC grew its holdings in Itron by 1.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 11,425 shares of the scientific and technical instruments company’s stock worth $1,220,000 after acquiring an additional 190 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in Itron during the 3rd quarter worth about $473,000. Finally, Hanseatic Management Services Inc. grew its holdings in Itron by 4.4% during the 3rd quarter. Hanseatic Management Services Inc. now owns 7,522 shares of the scientific and technical instruments company’s stock worth $803,000 after acquiring an additional 318 shares during the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.

Itron Stock Performance

Shares of NASDAQ:ITRI opened at $108.89 on Friday. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 22.31, a P/E/G ratio of 0.81 and a beta of 1.46. The firm’s 50 day simple moving average is $104.96 and its 200 day simple moving average is $106.95. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83. Itron, Inc. has a fifty-two week low of $86.13 and a fifty-two week high of $124.90.

Wall Street Analyst Weigh In

ITRI has been the topic of a number of research analyst reports. Guggenheim decreased their price objective on shares of Itron from $135.00 to $133.00 and set a “buy” rating on the stock in a report on Thursday. Piper Sandler increased their price objective on shares of Itron from $119.00 to $124.00 and gave the stock a “neutral” rating in a report on Thursday. Oppenheimer increased their price objective on shares of Itron from $124.00 to $131.00 and gave the stock an “outperform” rating in a report on Wednesday. Canaccord Genuity Group increased their price objective on shares of Itron from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, StockNews.com lowered shares of Itron from a “strong-buy” rating to a “buy” rating in a report on Saturday. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Itron has a consensus rating of “Moderate Buy” and an average price target of $127.64.

Insider Activity at Itron

In related news, CFO Joan S. Hooper sold 2,322 shares of the 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 sale, the chief financial officer now directly owns 92,076 shares in the company, valued at $8,553,860.40. This trade represents a 2.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Christopher E. Ware sold 648 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $92.90, for a total transaction of $60,199.20. Following the completion of the sale, the senior vice president now 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 4,037 shares of company stock worth $385,815 in the last ninety days. Company insiders own 1.45% of the company’s stock.

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.