Mirova Sells 8,433 Shares of Itron, Inc. (NASDAQ:ITRI)

Mirova lowered its stake in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 31.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,358 shares of the scientific and technical instruments company's stock after selling 8,433 shares during the period. Mirova's holdings in Itron were worth $1,993,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. GeoWealth Management LLC lifted its holdings in 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 purchasing an additional 229 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Itron in the fourth quarter worth about $30,000. Hager Investment Management Services LLC bought a new position in shares of Itron in the fourth quarter valued at approximately $67,000. Contravisory Investment Management Inc. grew its stake in Itron by 154.9% during the fourth quarter. Contravisory Investment Management Inc. now owns 864 shares of the scientific and technical instruments company's stock valued at $94,000 after acquiring an additional 525 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in Itron by 347.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 886 shares of the scientific and technical instruments company's stock worth $97,000 after acquiring an additional 688 shares during the period. 96.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Oppenheimer raised their price target on shares of Itron from $124.00 to $131.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. StockNews.com downgraded shares of Itron from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 1st. Piper Sandler boosted their price target on shares of Itron from $119.00 to $124.00 and gave the stock a "neutral" rating in a research note on Thursday, February 27th. Canaccord Genuity Group raised their price objective on shares of Itron from $130.00 to $132.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Finally, Guggenheim reiterated a "buy" rating and issued a $133.00 target price on shares of Itron in a research report on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $127.64.

Insider Activity at Itron

In other news, Director Mary C. Hemmingsen sold 750 shares of the company's 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 $603,930.10. This represents a 11.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Joan S. Hooper sold 2,322 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 $215,713.80. Following the sale, the chief financial officer now directly owns 92,076 shares in the company, valued at $8,553,860.40. This trade represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,037 shares of company stock worth $385,815. 1.51% of the stock is owned by corporate insiders.

Itron Stock Performance

NASDAQ ITRI traded up $3.74 on Thursday, reaching $109.16. 557,935 shares of the stock were exchanged, compared to its average volume of 572,293. The firm has a market capitalization of $4.97 billion, a PE ratio of 22.37, a PEG ratio of 0.81 and a beta of 1.39. Itron, Inc. has a one year low of $90.03 and a one year high of $124.90. The company's 50-day simple moving average is $102.61 and its two-hundred day simple moving average is $107.38. The company has a current ratio of 3.36, a quick ratio of 2.83 and a debt-to-equity ratio of 0.91.

Itron 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.