Itron, Inc. (NASDAQ:ITRI) Stock Holdings Increased by Burney Co.

Burney Co. lifted its holdings in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 129.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,795 shares of the scientific and technical instruments company's stock after buying an additional 4,955 shares during the period. Burney Co.'s holdings in Itron were worth $955,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ITRI. Quarry LP boosted its position in Itron by 53.0% during the 2nd quarter. Quarry LP now owns 352 shares of the scientific and technical instruments company's stock worth $35,000 after acquiring an additional 122 shares during the period. Continuum Advisory LLC raised its stake in shares of Itron by 42.1% during the third quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company's stock valued at $40,000 after purchasing an additional 102 shares in the last quarter. Covestor Ltd lifted its holdings in Itron by 26.1% in the third quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company's stock worth $57,000 after purchasing an additional 111 shares during the period. Farther Finance Advisors LLC grew its position in Itron by 21.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the scientific and technical instruments company's stock valued at $77,000 after buying an additional 129 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new position in Itron during the 3rd quarter valued at about $103,000. 96.19% of the stock is owned by institutional investors.

Itron Trading Up 0.9 %

NASDAQ ITRI traded up $0.91 on Friday, hitting $105.36. 394,015 shares of the company were exchanged, compared to its average volume of 451,574. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83. Itron, Inc. has a twelve month low of $69.23 and a twelve month high of $124.90. The firm has a market capitalization of $4.75 billion, a P/E ratio of 21.59, a price-to-earnings-growth ratio of 0.85 and a beta of 1.47. The company's 50 day moving average price is $112.52 and its 200-day moving average price is $106.57.

Itron (NASDAQ:ITRI - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The scientific and technical instruments company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.13 by $0.71. Itron had a net margin of 9.37% and a return on equity of 19.03%. The business had revenue of $615.46 million during the quarter, compared to the consensus estimate of $596.41 million. During the same quarter in the prior year, the firm earned $0.98 EPS. The firm's quarterly revenue was up 9.8% on a year-over-year basis. Analysts predict that Itron, Inc. will post 5.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Guggenheim upped their price target on shares of Itron from $128.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Piper Sandler upped their target price on Itron from $110.00 to $119.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. Robert W. Baird lifted their price target on Itron from $123.00 to $132.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Roth Mkm upped their price objective on Itron from $125.00 to $130.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, Janney Montgomery Scott started coverage on Itron in a report on Friday, September 27th. They set a "buy" rating and a $131.00 target price on the stock. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $123.92.

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.