California First Leasing Corp Buys New Shares in Itron, Inc. (NASDAQ:ITRI)

California First Leasing Corp bought a new position in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,400 shares of the scientific and technical instruments company's stock, valued at approximately $912,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System boosted its position in Itron by 0.5% during 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 acquiring an additional 100 shares during the period. Quarry LP grew its stake in Itron by 29.0% in the third quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company's stock valued at $48,000 after purchasing an additional 102 shares in the last quarter. Continuum Advisory LLC grew its stake in shares of Itron by 42.1% in the 3rd quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company's stock valued at $40,000 after buying an additional 102 shares in the last quarter. Stifel Financial Corp grew its stake in shares of Itron by 2.2% in the 3rd quarter. Stifel Financial Corp now owns 4,921 shares of the scientific and technical instruments company's stock valued at $526,000 after buying an additional 108 shares in the last quarter. Finally, Covestor Ltd increased 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 buying an additional 111 shares during the last quarter. Institutional investors and hedge funds own 96.19% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Oppenheimer upped their price objective on shares of Itron from $124.00 to $131.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. Guggenheim decreased their price target on Itron from $135.00 to $133.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Canaccord Genuity Group raised their price objective on Itron from $130.00 to $132.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Piper Sandler upped their target price on Itron from $119.00 to $124.00 and gave the stock a "neutral" rating in a research report on Thursday, February 27th. Finally, StockNews.com downgraded Itron from a "strong-buy" rating to a "buy" rating in a report on Saturday. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $127.64.

Insider Buying and Selling at Itron

In other Itron news, SVP Christopher E. Ware sold 648 shares of Itron stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $92.90, for a total transaction of $60,199.20. Following the transaction, the senior vice president now directly owns 20,326 shares in the company, valued at approximately $1,888,285.40. The trade was a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO David Marshall Wright sold 317 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $92.90, for a total value of $29,449.30. Following the completion of the transaction, the chief accounting officer now owns 8,108 shares of the company's stock, valued at $753,233.20. This represents a 3.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,037 shares of company stock worth $385,815. Insiders own 1.45% of the company's stock.

Itron Trading Up 1.1 %

Shares of NASDAQ:ITRI traded up $1.21 during trading on Wednesday, hitting $106.98. 574,829 shares of the company's stock were exchanged, compared to its average volume of 640,889. The firm has a 50-day moving average price of $104.82 and a two-hundred day moving average price of $107.22. Itron, Inc. has a 1-year low of $86.13 and a 1-year high of $124.90. The firm has a market cap of $4.83 billion, a P/E ratio of 21.92, a PEG ratio of 0.81 and a beta of 1.46. 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 Company Profile

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.