Cramer Rosenthal Mcglynn LLC increased its stake in Itron, Inc. (NASDAQ:ITRI) by 17.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 273,990 shares of the scientific and technical instruments company’s stock after acquiring an additional 40,265 shares during the period. Cramer Rosenthal Mcglynn LLC owned approximately 0.71% of Itron worth $18,686,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in ITRI. Delpha Capital Management LLC acquired a new stake in Itron in the fourth quarter valued at $134,000. Macquarie Group Ltd. acquired a new stake in Itron in the third quarter valued at $152,000. Capital Analysts LLC raised its stake in Itron by 3,048.8% in the fourth quarter. Capital Analysts LLC now owns 3,936 shares of the scientific and technical instruments company’s stock valued at $192,000 after buying an additional 3,811 shares in the last quarter. Royal Bank of Canada raised its stake in Itron by 10.9% in the second quarter. Royal Bank of Canada now owns 3,042 shares of the scientific and technical instruments company’s stock valued at $206,000 after buying an additional 299 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Itron in the third quarter valued at $218,000. Institutional investors and hedge funds own 95.34% of the company’s stock.
Shares of Itron, Inc. (ITRI) opened at $76.50 on Wednesday. The company has a current ratio of 1.67, a quick ratio of 1.29 and a debt-to-equity ratio of 0.74. Itron, Inc. has a 52-week low of $58.30 and a 52-week high of $79.95. The company has a market capitalization of $2,945.65, a PE ratio of 24.82, a PEG ratio of 1.18 and a beta of 1.03.
In related news, Director Thomas S. Glanville sold 2,000 shares of the firm’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $74.02, for a total transaction of $148,040.00. Following the transaction, the director now owns 13,390 shares of the company’s stock, valued at $991,127.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Shannon M. Votava sold 6,661 shares of the firm’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $71.58, for a total value of $476,794.38. Following the transaction, the vice president now directly owns 16,459 shares in the company, valued at approximately $1,178,135.22. The disclosure for this sale can be found here. In the last quarter, insiders have bought 119,835 shares of company stock worth $8,222,478 and have sold 16,708 shares worth $1,187,652. 2.03% of the stock is currently owned by insiders.
A number of analysts have weighed in on the company. Oppenheimer restated a “buy” rating and issued a $78.00 price target on shares of Itron in a research note on Monday, January 29th. ValuEngine upgraded Itron from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. BidaskClub upgraded Itron from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. Zacks Investment Research cut Itron from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Finally, Canaccord Genuity upgraded Itron from a “hold” rating to a “buy” rating and raised their price target for the company from $78.00 to $84.00 in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $84.18.
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Itron, Inc is a technology and service company. The Company provides solutions that measure, manage and analyze energy and water use. It also provides the Internet of things. The Company operates through three segments: Electricity, Gas and Water. It provides a portfolio of products, solutions, software and services to electric, gas and water utility customers across the globe.
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