Dimensional Fund Advisors LP Trims Stock Holdings in Itron, Inc. (NASDAQ:ITRI)

Dimensional Fund Advisors LP decreased its stake in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,255,624 shares of the scientific and technical instruments company's stock after selling 17,351 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.78% of Itron worth $136,339,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. First Trust Advisors LP raised its holdings in shares of Itron by 9.1% in the 4th quarter. First Trust Advisors LP now owns 802,584 shares of the scientific and technical instruments company's stock valued at $87,145,000 after purchasing an additional 66,637 shares in the last quarter. Freedom Investment Management Inc. raised its holdings in shares of Itron by 4.7% in the 4th quarter. Freedom Investment Management Inc. now owns 13,242 shares of the scientific and technical instruments company's stock valued at $1,438,000 after purchasing an additional 593 shares in the last quarter. GeoWealth Management LLC raised its stake in shares of Itron by 4,580.0% during the 4th quarter. GeoWealth Management LLC now owns 234 shares of the scientific and technical instruments company's stock worth $25,000 after acquiring an additional 229 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Itron by 0.9% during the 4th quarter. Marshall Wace LLP now owns 169,398 shares of the scientific and technical instruments company's stock worth $18,393,000 after acquiring an additional 1,594 shares in the last quarter. Finally, NewEdge Advisors LLC purchased a new stake in Itron during the 4th quarter worth approximately $229,000. Institutional investors own 96.19% of the company's stock.

Analyst Upgrades and Downgrades

ITRI has been the subject of several recent research reports. Canaccord Genuity Group raised their target price on shares of Itron from $130.00 to $132.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. StockNews.com lowered Itron from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 1st. Piper Sandler lifted their price objective on Itron from $119.00 to $124.00 and gave the company a "neutral" rating in a research note on Thursday, February 27th. Oppenheimer lifted 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, Guggenheim reiterated a "buy" rating and set a $133.00 price objective on shares of Itron in a research note on Thursday, April 17th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Itron presently has an average rating of "Moderate Buy" and an average price target of $127.64.

Insider Activity

In related news, CAO David Marshall Wright sold 317 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $92.90, for a total transaction of $29,449.30. Following the completion of the sale, the chief accounting officer now owns 8,108 shares in the company, valued at $753,233.20. The trade was a 3.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Christopher E. Ware sold 648 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $92.90, for a total value of $60,199.20. Following the sale, the senior vice president now owns 20,326 shares of the company's stock, valued at approximately $1,888,285.40. The trade was a 3.09 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,037 shares of company stock worth $385,815. 1.45% of the stock is currently owned by company insiders.

Itron Stock Up 1.6 %

ITRI traded up $1.78 on Tuesday, hitting $110.88. 417,365 shares of the company were exchanged, compared to its average volume of 573,046. The firm has a 50-day moving average price of $103.32 and a two-hundred day moving average price of $107.44. The company has a current ratio of 3.36, a quick ratio of 2.83 and a debt-to-equity ratio of 0.91. The company has a market cap of $5.05 billion, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 0.81 and a beta of 1.39. Itron, Inc. has a twelve month low of $90.03 and a twelve month high of $124.90.

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.