Investec Asset Management LTD purchased a new position in Itron, Inc. (NASDAQ:ITRI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,153 shares of the company’s stock, valued at approximately $1,015,000.
Other hedge funds have also made changes to their positions in the company. MSI Financial Services Inc raised its stake in shares of Itron by 21,622.2% in the third quarter. MSI Financial Services Inc now owns 1,955 shares of the company’s stock worth $109,000 after buying an additional 1,946 shares during the last quarter. Acrospire Investment Management LLC acquired a new stake in shares of Itron during the third quarter worth approximately $134,000. CWH Capital Management Inc. acquired a new stake in shares of Itron during the second quarter worth approximately $202,000. Teacher Retirement System of Texas raised its stake in shares of Itron by 8.1% in the second quarter. Teacher Retirement System of Texas now owns 5,048 shares of the company’s stock worth $218,000 after buying an additional 377 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in shares of Itron during the third quarter worth approximately $258,000. 93.02% of the stock is owned by institutional investors.
Shares of Itron, Inc. (NASDAQ:ITRI) traded up 0.039% during trading on Friday, reaching $63.975. The company’s stock had a trading volume of 23,423 shares. Itron, Inc. has a one year low of $38.01 and a one year high of $66.10. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 85.186 and a beta of 1.29. The company has a 50-day moving average price of $62.62 and a 200-day moving average price of $57.55.
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ITRI has been the subject of a number of research analyst reports. Robert W. Baird raised their price target on Itron to $73.00 and gave the stock a “buy” rating in a research note on Friday, December 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 price target (up previously from $66.00) on shares of Itron in a research note on Tuesday, December 6th. Oppenheimer Holdings, Inc. set a $70.00 price target on Itron and gave the stock a “buy” rating in a research note on Monday, December 5th. Zacks Investment Research lowered Itron from a “buy” rating to a “hold” rating in a research note on Monday, February 6th. Finally, TheStreet lowered Itron from a “buy” rating to a “hold” rating in a research note on Wednesday, November 2nd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $60.00.
In other news, COO Thomas Deitrich sold 9,669 shares of the business’s stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $64.25, for a total transaction of $621,233.25. Following the transaction, the chief operating officer now owns 88,212 shares of the company’s stock, valued at approximately $5,667,621. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.10% of the company’s stock.
Itron Company Profile
Itron, Inc (Itron) is a technology and service company. The Company provides solutions that measure, manage, and analyze energy and water use. The Company operates through three segments: Electricity, Gas and Water. The Company is the supplier of electricity metering solutions, including standard meters and advanced and smart metering systems.
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