Alps Advisors Inc. Increases Stake in Itron, Inc. $ITRI

Alps Advisors Inc. raised its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 13.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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. owned about 0.13% of Itron worth $7,224,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ITRI. KLP Kapitalforvaltning AS grew its stake in Itron by 8.0% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 9,400 shares of the scientific and technical instruments company’s stock valued at $1,237,000 after acquiring an additional 700 shares in the last quarter. Maryland State Retirement & Pension System boosted its holdings in shares of Itron by 2.0% during the 2nd quarter. Maryland State Retirement & Pension System now owns 13,398 shares of the scientific and technical instruments company’s stock worth $1,764,000 after purchasing an additional 260 shares during the last quarter. CWM LLC grew its position in shares of Itron by 8.9% in the second quarter. CWM LLC now owns 2,441 shares of the scientific and technical instruments company’s stock valued at $321,000 after purchasing an additional 200 shares in the last quarter. Yousif Capital Management LLC grew its position in shares of Itron by 2.2% in the second quarter. Yousif Capital Management LLC now owns 17,107 shares of the scientific and technical instruments company’s stock valued at $2,252,000 after purchasing an additional 367 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Itron by 5.0% in the second quarter. Sequoia Financial Advisors LLC now owns 29,024 shares of the scientific and technical instruments company’s stock valued at $3,820,000 after purchasing an additional 1,386 shares during the last quarter. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Itron Trading Up 4.5%

NASDAQ ITRI opened at $104.05 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.17 and a quick ratio of 1.91. The stock has a market capitalization of $4.77 billion, a P/E ratio of 18.71, a PEG ratio of 0.59 and a beta of 1.48. The firm’s 50-day moving average is $97.64 and its two-hundred day moving average is $112.22. Itron, Inc. has a 12 month low of $90.11 and a 12 month high of $142.00.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ITRI shares. Stephens raised Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 price objective on the stock in a research note on Monday, November 3rd. Weiss Ratings cut shares of Itron from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Johnson Rice raised shares of Itron from an “accumulate” rating to a “buy” rating and set a $130.00 price objective for the company in a report on Monday, January 5th. Wall Street Zen downgraded shares of Itron from a “buy” rating to a “hold” rating in a research note on Wednesday, January 14th. Finally, Oppenheimer decreased their target price on shares of Itron from $145.00 to $125.00 and set an “outperform” rating on the stock in a report on Tuesday, January 27th. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Itron presently has an average rating of “Moderate Buy” and an average target price of $136.10.

Insider Activity

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

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.