Mariner LLC Buys 204 Shares of Itron, Inc. (NASDAQ:ITRI)

Mariner LLC grew its position in shares of Itron, Inc. (NASDAQ:ITRI) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,448 shares of the scientific and technical instruments company’s stock after acquiring an additional 204 shares during the quarter. Mariner LLC’s holdings in Itron were worth $374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System boosted its stake in shares of Itron by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 21,800 shares of the scientific and technical instruments company’s stock worth $2,367,000 after buying an additional 100 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its stake in Itron by 6.1% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,185 shares of the scientific and technical instruments company’s stock valued at $237,000 after purchasing an additional 125 shares during the period. Summit Investment Advisors Inc. grew its position in Itron by 3.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,726 shares of the scientific and technical instruments company’s stock valued at $513,000 after buying an additional 140 shares during the period. GAMMA Investing LLC increased its holdings in Itron by 15.6% during the fourth quarter. GAMMA Investing LLC now owns 1,177 shares of the scientific and technical instruments company’s stock worth $128,000 after buying an additional 159 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich raised its position in Itron by 7.4% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,081 shares of the scientific and technical instruments company’s stock worth $369,000 after acquiring an additional 213 shares during the period. Institutional investors own 96.19% of the company’s stock.

Insiders Place Their Bets

In other news, Director Mary C. Hemmingsen sold 750 shares of the 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 completion of the transaction, the director now owns 5,630 shares of the company’s stock, valued at approximately $603,930.10. This represents a 11.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Christopher E. Ware sold 648 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $92.90, for a total value of $60,199.20. Following the transaction, the senior vice president now directly owns 20,326 shares of the company’s stock, valued at $1,888,285.40. This represents a 3.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,037 shares of company stock valued at $385,815 in the last ninety days. Company insiders own 1.45% of the company’s stock.

Itron Stock Up 0.2 %

Shares of NASDAQ ITRI opened at $108.23 on Friday. The company has a current ratio of 3.36, a quick ratio of 2.83 and a debt-to-equity ratio of 0.91. Itron, Inc. has a 12 month low of $90.11 and a 12 month high of $124.90. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 0.81 and a beta of 1.31. The business has a 50-day moving average of $104.37 and a 200-day moving average of $107.46.

Itron (NASDAQ:ITRI) last announced its quarterly earnings data on Thursday, May 1st. The scientific and technical instruments company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.30 by $0.22. Itron had a return on equity of 19.03% and a net margin of 9.37%. The firm had revenue of $607.15 million for the quarter, compared to analyst estimates of $608.86 million. During the same period in the prior year, the company earned $1.24 EPS. The company’s revenue was up .6% on a year-over-year basis. Sell-side analysts expect that Itron, Inc. will post 5.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ITRI shares. Piper Sandler lifted their price target on shares of Itron from $119.00 to $124.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th. Oppenheimer increased their price target on Itron from $124.00 to $131.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. Guggenheim reaffirmed a “buy” rating and set a $133.00 price objective on shares of Itron in a report on Thursday, April 17th. StockNews.com downgraded shares of Itron from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 1st. Finally, Canaccord Genuity Group upped their price target on shares of Itron from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $127.64.

About Itron

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.