Itron, Inc. (NASDAQ:ITRI) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its position in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 1.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 556,917 shares of the scientific and technical instruments company's stock after selling 5,632 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.24% of Itron worth $60,470,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ITRI. Proficio Capital Partners LLC acquired a new position in Itron in the 4th quarter valued at about $30,000. Continuum Advisory LLC increased its position in Itron by 42.1% during the 3rd quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company's stock worth $40,000 after purchasing an additional 102 shares during the period. Quarry LP raised its stake in shares of Itron by 29.0% during the 3rd quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company's stock worth $48,000 after buying an additional 102 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Itron by 26.1% in the 3rd quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company's stock valued at $57,000 after buying an additional 111 shares during the period. Finally, Hager Investment Management Services LLC purchased a new stake in shares of Itron in the fourth quarter valued at approximately $67,000. Institutional investors and hedge funds own 96.19% of the company's stock.

Insider Buying and Selling at Itron

In related news, Director Mary C. Hemmingsen sold 750 shares of the stock in a transaction dated 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Christopher E. Ware sold 648 shares of the company'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 $60,199.20. Following the completion of 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 disclosure for this sale can be found here. Insiders have sold a total of 4,037 shares of company stock valued at $385,815 over the last ninety days. Corporate insiders own 1.45% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities research analysts have commented on ITRI shares. Piper Sandler raised their target price on Itron from $119.00 to $124.00 and gave the company a "neutral" rating in a report on Thursday, February 27th. StockNews.com downgraded shares of Itron from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 1st. Guggenheim decreased their price target on Itron from $135.00 to $133.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Oppenheimer raised their price objective on Itron from $124.00 to $131.00 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. 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 report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Itron has a consensus rating of "Moderate Buy" and a consensus target price of $127.64.

Itron Trading Up 0.8 %

Itron stock traded up $0.78 during trading on Thursday, reaching $103.91. The company had a trading volume of 464,515 shares, compared to its average volume of 525,036. Itron, Inc. has a 12-month low of $86.13 and a 12-month high of $124.90. The stock's 50 day moving average price is $104.27 and its two-hundred day moving average price is $107.39. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 0.81 and a beta of 1.49. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.83 and a current ratio of 3.36.

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.