Janney Montgomery Scott LLC Increases Position in Itron, Inc. (NASDAQ:ITRI)

Janney Montgomery Scott LLC increased its holdings in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 45.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,674 shares of the scientific and technical instruments company's stock after purchasing an additional 5,249 shares during the period. Janney Montgomery Scott LLC's holdings in Itron were worth $1,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ITRI. Intech Investment Management LLC lifted its stake in shares of Itron by 105.9% in the 3rd quarter. Intech Investment Management LLC now owns 19,444 shares of the scientific and technical instruments company's stock valued at $2,077,000 after purchasing an additional 10,001 shares during the period. Geode Capital Management LLC increased its holdings 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 buying an additional 5,630 shares in the last quarter. Beacon Harbor Wealth Advisors Inc. purchased a new position in Itron in the third quarter valued at $5,994,000. Hennion & Walsh Asset Management Inc. raised its position in shares of Itron by 78.3% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 6,083 shares of the scientific and technical instruments company's stock worth $660,000 after acquiring an additional 2,671 shares during the period. Finally, Perpetual Ltd boosted its stake in shares of Itron by 10.1% during the 3rd quarter. Perpetual Ltd now owns 88,126 shares of the scientific and technical instruments company's stock worth $9,413,000 after acquiring an additional 8,102 shares in the last quarter. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ITRI shares. Robert W. Baird upped their price target on Itron from $123.00 to $132.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. TD Cowen increased their target price on Itron from $125.00 to $136.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Guggenheim boosted their price target on shares of Itron from $128.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. StockNews.com raised shares of Itron from a "buy" rating to a "strong-buy" rating in a report on Wednesday. Finally, Oppenheimer boosted their target price on shares of Itron from $120.00 to $124.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Itron has an average rating of "Moderate Buy" and a consensus price target of $123.92.

Itron Trading Down 0.6 %

Shares of ITRI traded down $0.60 during midday trading on Thursday, reaching $106.09. The company had a trading volume of 324,399 shares, compared to its average volume of 416,450. Itron, Inc. has a 1-year low of $71.72 and a 1-year high of $124.90. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91. The firm has a 50 day simple moving average of $109.25 and a 200-day simple moving average of $107.03. The stock has a market cap of $4.78 billion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 0.89 and a beta of 1.46.

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.