Systematic Financial Management LP Has $14.35 Million Stock Holdings in Itron, Inc. (NASDAQ:ITRI)

Systematic Financial Management LP raised its holdings in Itron, Inc. (NASDAQ:ITRI - Free Report) by 12.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 134,362 shares of the scientific and technical instruments company's stock after acquiring an additional 14,590 shares during the quarter. Systematic Financial Management LP owned 0.30% of Itron worth $14,351,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in ITRI. Quarry LP lifted its stake in Itron by 29.0% during 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 during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Itron during the 3rd quarter valued at $671,000. Menard Financial Group LLC boosted its stake in shares of Itron by 14.3% during the 3rd quarter. Menard Financial Group LLC now owns 5,065 shares of the scientific and technical instruments company's stock worth $541,000 after acquiring an additional 633 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Itron by 8.4% in the 3rd quarter. HighTower Advisors LLC now owns 3,024 shares of the scientific and technical instruments company's stock worth $321,000 after acquiring an additional 234 shares during the last quarter. Finally, Centiva Capital LP raised its position in shares of Itron by 114.2% during the third quarter. Centiva Capital LP now owns 12,542 shares of the scientific and technical instruments company's stock worth $1,340,000 after purchasing an additional 6,686 shares during the period. Institutional investors own 96.19% of the company's stock.

Itron Stock Performance

Shares of NASDAQ ITRI traded up $0.12 during trading hours on Friday, hitting $115.92. 347,476 shares of the stock were exchanged, compared to its average volume of 516,205. Itron, Inc. has a one year low of $67.21 and a one year high of $124.90. The company's 50 day moving average is $112.09 and its 200 day moving average is $105.69. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83. The firm has a market capitalization of $5.23 billion, a P/E ratio of 23.75, a P/E/G ratio of 0.89 and a beta of 1.46.

Itron (NASDAQ:ITRI - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The scientific and technical instruments company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.71. Itron had a return on equity of 19.03% and a net margin of 9.37%. The company had revenue of $615.46 million for the quarter, compared to the consensus estimate of $596.41 million. During the same period last year, the business posted $0.98 earnings per share. The firm's revenue was up 9.8% compared to the same quarter last year. On average, research analysts expect that Itron, Inc. will post 5.33 EPS for the current year.

Insiders Place Their Bets

In other Itron news, CEO Thomas Deitrich sold 37,500 shares of the firm's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $104.83, for a total value of $3,931,125.00. Following the sale, the chief executive officer now directly owns 205,276 shares in the company, valued at $21,519,083.08. This trade represents a 15.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.45% of the company's stock.

Analysts Set New Price Targets

ITRI has been the subject of a number of recent analyst reports. Janney Montgomery Scott assumed coverage on Itron in a research report on Friday, September 27th. They issued a "buy" rating and a $131.00 price target for the company. Piper Sandler raised their target price on shares of Itron from $110.00 to $119.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. Guggenheim boosted their price target on shares of Itron from $128.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. TD Cowen raised their price objective on shares of Itron from $125.00 to $136.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, Robert W. Baird boosted their target price on shares of Itron from $123.00 to $132.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Itron currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.92.

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.