Bank Julius Baer & Co. Ltd Zurich Buys 213 Shares of Itron, Inc. (NASDAQ:ITRI)

Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 7.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,081 shares of the scientific and technical instruments company’s stock after acquiring an additional 213 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Itron were worth $369,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lisanti Capital Growth LLC lifted its position in Itron by 6.2% in the 4th quarter. Lisanti Capital Growth LLC now owns 25,530 shares of the scientific and technical instruments company’s stock worth $2,772,000 after buying an additional 1,490 shares during the last quarter. Beacon Harbor Wealth Advisors Inc. raised its stake in shares of Itron by 3.7% during the fourth quarter. Beacon Harbor Wealth Advisors Inc. now owns 58,163 shares of the scientific and technical instruments company’s stock worth $6,315,000 after acquiring an additional 2,049 shares in the last quarter. Inceptionr LLC bought a new stake in shares of Itron in the 4th quarter worth approximately $668,000. Proficio Capital Partners LLC purchased a new stake in shares of Itron in the 4th quarter valued at $30,000. Finally, Atria Investments Inc grew its holdings in shares of Itron by 7.5% during the 4th quarter. Atria Investments Inc now owns 9,311 shares of the scientific and technical instruments company’s stock valued at $1,011,000 after purchasing an additional 651 shares during the last quarter. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Itron news, CFO Joan S. Hooper sold 2,322 shares of the firm’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 $215,713.80. Following the completion of the transaction, the chief financial officer now owns 92,076 shares of the company’s stock, valued at approximately $8,553,860.40. This trade represents a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $29,449.30. Following the sale, the chief accounting officer now owns 8,108 shares in the company, valued at approximately $753,233.20. This trade represents a 3.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,037 shares of company stock valued at $385,815. Corporate insiders own 1.45% of the company’s stock.

Itron Stock Down 2.0 %

Shares of Itron stock opened at $103.72 on Tuesday. 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, Inc. has a 12-month low of $86.13 and a 12-month high of $124.90. The company has a market cap of $4.69 billion, a P/E ratio of 21.25, a PEG ratio of 0.81 and a beta of 1.49. The company’s fifty day simple moving average is $104.60 and its two-hundred day simple moving average is $107.39.

Analyst Ratings Changes

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

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.