Itron, Inc. $ITRI Shares Acquired by Alps Advisors Inc.

Alps Advisors Inc. lifted its holdings in Itron, Inc. (NASDAQ:ITRI) by 13.9% in the third quarter, HoldingsChannel reports. The firm owned 57,997 shares of the scientific and technical instruments company’s stock after buying an additional 7,091 shares during the quarter. Alps Advisors Inc.’s holdings in Itron were worth $7,224,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its position in Itron by 25.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock valued at $53,000 after buying an additional 81 shares during the period. Amalgamated Bank raised its stake in shares of Itron by 0.7% in the third quarter. Amalgamated Bank now owns 13,060 shares of the scientific and technical instruments company’s stock valued at $1,627,000 after acquiring an additional 86 shares in the last quarter. PFG Investments LLC boosted its holdings in Itron by 4.8% in the third quarter. PFG Investments LLC now owns 2,059 shares of the scientific and technical instruments company’s stock valued at $256,000 after purchasing an additional 94 shares during the period. Elevation Point Wealth Partners LLC boosted its holdings in Itron by 3.5% in the second quarter. Elevation Point Wealth Partners LLC now owns 3,398 shares of the scientific and technical instruments company’s stock valued at $447,000 after purchasing an additional 115 shares during the period. Finally, J.W. Cole Advisors Inc. grew its stake in Itron by 6.0% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 2,056 shares of the scientific and technical instruments company’s stock worth $271,000 after purchasing an additional 116 shares in the last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ITRI. Robert W. Baird reaffirmed a “neutral” rating and issued a $118.00 price target (down previously from $137.00) on shares of Itron in a research report on Friday, October 31st. Weiss Ratings cut shares of Itron from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Zacks Research downgraded shares of Itron from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 28th. Oppenheimer dropped their price objective on shares of Itron from $145.00 to $125.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 27th. Finally, Johnson Rice upgraded shares of Itron from an “accumulate” rating to a “buy” rating and set a $130.00 price objective on the stock in a report on Monday, January 5th. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Itron presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.10.

Insider Activity

In other news, SVP John F. Marcolini sold 553 shares of Itron stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $96.51, for a total transaction of $53,370.03. Following the sale, the senior vice president owned 13,843 shares in the company, valued at approximately $1,335,987.93. The trade was a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Christopher E. Ware sold 343 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $96.51, for a total value of $33,102.93. Following the completion of the sale, the senior vice president directly owned 18,774 shares of the company’s stock, valued at approximately $1,811,878.74. This trade represents a 1.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 2,971 shares of company stock worth $286,731 over the last three months. Company insiders own 1.51% of the company’s stock.

Itron Stock Performance

Shares of Itron stock opened at $104.05 on Monday. The firm has a market capitalization of $4.77 billion, a P/E ratio of 18.71, a P/E/G ratio of 0.59 and a beta of 1.48. Itron, Inc. has a 52 week low of $90.11 and a 52 week high of $142.00. The company has a quick ratio of 1.91, a current ratio of 2.17 and a debt-to-equity ratio of 0.46. The firm’s 50 day moving average is $97.64 and its two-hundred day moving average is $112.22.

Itron Company Profile

Itron, Inc (NASDAQ: ITRI) is a global technology company that develops innovative solutions to measure, manage and analyze the use of energy and water. Its comprehensive portfolio includes smart meters, data collection devices, communication networks and advanced software applications designed to optimize utility operations and foster sustainable resource management. The company’s offerings enable utilities and cities to accurately monitor consumption patterns, streamline billing processes and improve grid reliability.

Itron’s product lineup spans a range of hardware and software solutions, from residential and commercial smart meters to meter data management systems (MDMS), networked communication platforms and analytics tools.