Itron, Inc. (NASDAQ:ITRI) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its position in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 12.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 52,543 shares of the scientific and technical instruments company's stock after selling 7,565 shares during the period. Thrivent Financial for Lutherans owned about 0.12% of Itron worth $5,705,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in Itron by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,074,940 shares of the scientific and technical instruments company's stock valued at $114,835,000 after purchasing an additional 5,630 shares during the last quarter. Vontobel Holding Ltd. grew its position in shares of Itron by 8.1% in the 4th quarter. Vontobel Holding Ltd. now owns 464,787 shares of the scientific and technical instruments company's stock valued at $50,467,000 after buying an additional 34,842 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in Itron during the 3rd quarter worth $38,534,000. Franklin Resources Inc. lifted its position in Itron by 611.9% in the third quarter. Franklin Resources Inc. now owns 282,828 shares of the scientific and technical instruments company's stock valued at $31,128,000 after acquiring an additional 243,102 shares during the last quarter. Finally, Soros Fund Management LLC grew its holdings in shares of Itron by 38.9% during the third quarter. Soros Fund Management LLC now owns 275,000 shares of the scientific and technical instruments company's stock worth $29,373,000 after purchasing an additional 77,050 shares during the last quarter. Institutional investors and hedge funds own 96.19% of the company's stock.

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Itron Price Performance

ITRI stock traded down $1.42 during trading on Friday, reaching $103.82. 429,734 shares of the company were exchanged, compared to its average volume of 555,582. The stock's 50 day moving average price is $104.21 and its 200 day moving average price is $107.88. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.83 and a current ratio of 3.36. The company has a market cap of $4.73 billion, a P/E ratio of 21.27, a PEG ratio of 0.81 and a beta of 1.49. Itron, Inc. has a 52-week low of $87.91 and a 52-week high of $124.90.

Analyst Ratings Changes

ITRI has been the subject of a number of research analyst reports. StockNews.com cut Itron from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 1st. Piper Sandler lifted their target price on shares of Itron from $119.00 to $124.00 and gave the company a "neutral" rating in a report on Thursday, February 27th. Guggenheim decreased their price target on shares of 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 lifted their price objective on shares of Itron from $130.00 to $132.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Finally, Oppenheimer upped their target price on shares of Itron from $124.00 to $131.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $127.64.

Insiders Place Their Bets

In other Itron news, SVP Christopher E. Ware sold 648 shares of Itron 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 sale, the senior vice president now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary C. Hemmingsen sold 750 shares of Itron stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $107.27, for a total value of $80,452.50. Following the completion of the sale, the director now directly owns 5,630 shares of the company's stock, valued at approximately $603,930.10. This represents a 11.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,037 shares of company stock worth $385,815. Insiders own 1.45% of the company's stock.

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.