Itron, Inc. (NASDAQ:ITRI) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 899,289 shares of the scientific and technical instruments company’s stock after selling 500 shares during the period. Handelsbanken Fonder AB owned approximately 1.99% of Itron worth $97,645,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ITRI. 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 holdings in shares of Itron by 29.0% in the 3rd quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company’s stock valued at $48,000 after buying an additional 102 shares during the period. Covestor Ltd boosted its stake in shares of Itron by 26.1% in the third quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company’s stock worth $57,000 after buying an additional 111 shares during the last quarter. Hager Investment Management Services LLC acquired a new stake in Itron during the fourth quarter worth about $67,000. Finally, Farther Finance Advisors LLC raised its position in Itron by 21.7% during the third quarter. Farther Finance Advisors LLC now owns 724 shares of the scientific and technical instruments company’s stock valued at $77,000 after acquiring an additional 129 shares in the last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

Itron Price Performance

ITRI stock opened at $97.81 on Thursday. Itron, Inc. has a 1 year low of $73.64 and a 1 year high of $124.90. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83. The firm has a market capitalization of $4.41 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 0.80 and a beta of 1.46. The business has a 50 day simple moving average of $106.24 and a 200-day simple moving average of $106.80.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Guggenheim raised their price objective on shares of Itron from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Piper Sandler lifted their price objective on shares of Itron from $110.00 to $119.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Roth Mkm increased their target price on shares of Itron from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. StockNews.com lowered Itron from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 13th. Finally, TD Cowen increased their price target on Itron from $125.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Itron has a consensus rating of “Moderate Buy” and a consensus price target of $123.92.

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.