Itron, Inc. (NASDAQ:ITRI) Stake Lifted by Vontobel Holding Ltd.

Vontobel Holding Ltd. raised its holdings in Itron, Inc. (NASDAQ:ITRI - Free Report) by 8.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 464,787 shares of the scientific and technical instruments company's stock after buying an additional 34,842 shares during the quarter. Vontobel Holding Ltd. owned approximately 1.03% of Itron worth $50,467,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System grew its holdings in Itron by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 21,800 shares of the scientific and technical instruments company's stock valued at $2,367,000 after buying an additional 100 shares during the period. Quarry LP grew its holdings in Itron by 29.0% in the 3rd quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company's stock valued at $48,000 after buying an additional 102 shares during the period. Continuum Advisory LLC grew its holdings in 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 during the period. Stifel Financial Corp grew its holdings in shares of Itron by 2.2% during the 3rd quarter. Stifel Financial Corp now owns 4,921 shares of the scientific and technical instruments company's stock worth $526,000 after purchasing an additional 108 shares during the period. Finally, Covestor Ltd grew its holdings in shares of Itron by 26.1% during the 3rd 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. Hedge funds and other institutional investors own 96.19% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. TD Cowen boosted their target price on Itron from $125.00 to $136.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Piper Sandler boosted their target price on Itron from $110.00 to $119.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. StockNews.com cut Itron from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 13th. Roth Mkm boosted their target price on Itron from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Finally, Oppenheimer boosted their target price on Itron from $120.00 to $124.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.92.

Itron Stock Up 1.1 %

Shares of ITRI traded up $1.07 during trading on Tuesday, reaching $98.07. The company's stock had a trading volume of 1,150,364 shares, compared to its average volume of 486,515. The company has a fifty day moving average of $106.86 and a two-hundred day moving average of $106.89. Itron, Inc. has a twelve month low of $73.64 and a twelve month high of $124.90. The company has a market cap of $4.42 billion, a price-to-earnings ratio of 20.10, a P/E/G ratio of 0.88 and a beta of 1.46. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91.

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.