Moody Aldrich Partners LLC Purchases 2,945 Shares of Itron, Inc. (NASDAQ:ITRI)

Moody Aldrich Partners LLC lifted its holdings in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,053 shares of the scientific and technical instruments company's stock after purchasing an additional 2,945 shares during the quarter. Moody Aldrich Partners LLC owned 0.10% of Itron worth $4,675,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ITRI. Geode Capital Management LLC grew its position in Itron by 0.5% during 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 acquiring an additional 5,630 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in Itron by 62.7% during the 3rd quarter. Handelsbanken Fonder AB now owns 899,789 shares of the scientific and technical instruments company's stock valued at $96,106,000 after buying an additional 346,615 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Itron by 90.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 511,734 shares of the scientific and technical instruments company's stock worth $54,658,000 after acquiring an additional 243,355 shares during the last quarter. Vontobel Holding Ltd. raised its stake in shares of Itron by 1.5% during the third quarter. Vontobel Holding Ltd. now owns 429,945 shares of the scientific and technical instruments company's stock valued at $45,922,000 after acquiring an additional 6,310 shares during the last quarter. Finally, Pinnacle Associates Ltd. boosted its holdings in shares of Itron by 9.3% during the third quarter. Pinnacle Associates Ltd. now owns 398,372 shares of the scientific and technical instruments company's stock worth $42,550,000 after purchasing an additional 34,014 shares during the period. 96.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ITRI has been the subject of a number of recent analyst reports. Piper Sandler upped their price target on Itron from $110.00 to $119.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. Robert W. Baird raised their price target on Itron from $123.00 to $132.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. TD Cowen upped their price objective on shares of Itron from $125.00 to $136.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Guggenheim raised their price objective on shares of Itron from $128.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Finally, Roth Mkm upped 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. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $123.92.

Itron Stock Up 0.9 %

NASDAQ:ITRI traded up $0.98 on Wednesday, reaching $106.55. 124,892 shares of the stock traded hands, compared to its average volume of 416,719. The company's fifty day simple moving average is $110.85 and its 200 day simple moving average is $106.96. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 0.88 and a beta of 1.47. Itron, Inc. has a 12 month low of $71.00 and a 12 month high of $124.90. 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 (NASDAQ:ITRI - Get Free Report) last released its quarterly earnings data 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 business had revenue of $615.46 million for the quarter, compared to analysts' expectations of $596.41 million. During the same period in the prior year, the firm posted $0.98 EPS. The firm's quarterly revenue was up 9.8% on a year-over-year basis. Equities analysts predict that Itron, Inc. will post 5.33 EPS for the current fiscal year.

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.