Loomis Sayles & Co. L P Lowers Position in Itron, Inc. (NASDAQ:ITRI)

Loomis Sayles & Co. L P trimmed its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 13.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 471,026 shares of the scientific and technical instruments company’s stock after selling 72,859 shares during the quarter. Loomis Sayles & Co. L P owned about 1.04% of Itron worth $51,144,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ITRI. Proficio Capital Partners LLC bought a new position in shares of Itron in the 4th quarter worth $30,000. Continuum Advisory LLC grew its position in Itron by 42.1% in the third quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company’s stock worth $40,000 after acquiring an additional 102 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. Hager Investment Management Services LLC purchased a new stake in Itron during the fourth quarter valued at about $67,000. Finally, Contravisory Investment Management Inc. lifted its stake in Itron by 154.9% during the fourth quarter. Contravisory Investment Management Inc. now owns 864 shares of the scientific and technical instruments company’s stock worth $94,000 after purchasing an additional 525 shares during the last quarter. 96.19% of the stock is currently owned by institutional investors.

Insider Activity at Itron

In other Itron news, SVP Christopher E. Ware sold 648 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $92.90, for a total value 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 $1,888,285.40. This trade represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Mary C. Hemmingsen sold 750 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $107.27, for a total value of $80,452.50. Following the transaction, the director now owns 5,630 shares in the company, valued at $603,930.10. This trade represents a 11.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,037 shares of company stock worth $385,815 over the last quarter. 1.45% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ITRI has been the topic of several recent research reports. Canaccord Genuity Group increased 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. StockNews.com downgraded shares of Itron from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 1st. Piper Sandler upped their price objective on shares of Itron from $119.00 to $124.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th. Guggenheim decreased their target price on shares of Itron from $135.00 to $133.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Finally, Oppenheimer upped their price target 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. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $127.64.

Itron Trading Down 2.0 %

NASDAQ ITRI opened at $105.24 on Friday. The stock has a market cap of $4.80 billion, a P/E ratio of 21.57, a price-to-earnings-growth ratio of 0.81 and a beta of 1.49. Itron, Inc. has a fifty-two week low of $87.91 and a fifty-two week high of $124.90. The stock has a 50 day simple moving average of $104.24 and a two-hundred day simple moving average of $107.83. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.83 and a current ratio of 3.36.

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.