Banco Santander S.A. Has $21.50 Million Holdings in Itron, Inc. (NASDAQ:ITRI)

Banco Santander S.A. grew its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 198,000 shares of the scientific and technical instruments company’s stock after acquiring an additional 7,500 shares during the period. Banco Santander S.A. owned 0.44% of Itron worth $21,499,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ITRI. Louisiana State Employees Retirement System raised its position in shares of Itron by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 21,800 shares of the scientific and technical instruments company’s stock valued at $2,367,000 after buying an additional 100 shares in the last quarter. Quarry LP raised 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 in the last quarter. Continuum Advisory LLC raised 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 in the last quarter. Stifel Financial Corp raised its position in 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 purchasing an additional 108 shares in the last quarter. Finally, Covestor Ltd raised its position in Itron by 26.1% during 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 in the last quarter. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on ITRI. Oppenheimer boosted their price objective on shares of Itron from $124.00 to $131.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. StockNews.com downgraded shares of Itron from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 1st. Canaccord Genuity Group boosted their price objective on shares of Itron from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Guggenheim lowered their price objective on shares of Itron from $135.00 to $133.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Finally, Piper Sandler boosted their price objective 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 research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Itron presently has an average rating of “Moderate Buy” and an average price target of $127.64.

Itron Stock Performance

NASDAQ ITRI opened at $105.82 on Friday. The firm’s fifty day moving average price is $104.66 and its two-hundred day moving average price is $107.21. The stock has a market cap of $4.78 billion, a PE ratio of 21.68, a PEG ratio of 0.81 and a beta of 1.46. Itron, Inc. has a fifty-two week low of $86.13 and a fifty-two week high of $124.90. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.83 and a current ratio of 3.36.

Insider Buying and Selling

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

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.