Mount Yale Investment Advisors LLC Makes New $286,000 Investment in Itron, Inc. (NASDAQ:ITRI)

Mount Yale Investment Advisors LLC purchased a new position in Itron, Inc. (NASDAQ:ITRI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,633 shares of the scientific and technical instruments company's stock, valued at approximately $286,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Quarry LP lifted its position in shares of Itron by 53.0% during the 2nd quarter. Quarry LP now owns 352 shares of the scientific and technical instruments company's stock worth $35,000 after buying an additional 122 shares during the last quarter. Continuum Advisory LLC raised its stake in Itron by 42.1% during the third quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company's stock worth $40,000 after acquiring an additional 102 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Itron by 26.1% in the third quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company's stock worth $57,000 after acquiring an additional 111 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Itron by 21.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the scientific and technical instruments company's stock valued at $77,000 after purchasing an additional 129 shares in the last quarter. Finally, Contravisory Investment Management Inc. grew its holdings in shares of Itron by 154.9% during the 4th quarter. Contravisory Investment Management Inc. now owns 864 shares of the scientific and technical instruments company's stock valued at $94,000 after purchasing an additional 525 shares during the last quarter. Institutional investors and hedge funds own 96.19% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Guggenheim increased their price objective on shares of Itron from $128.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Piper Sandler raised their price objective on Itron from $110.00 to $119.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Oppenheimer boosted their price objective on Itron from $120.00 to $124.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Roth Mkm increased their target price on Itron from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, TD Cowen boosted their price target on Itron from $125.00 to $136.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Itron has an average rating of "Moderate Buy" and an average price target of $123.92.

Itron Trading Up 1.5 %

Shares of NASDAQ:ITRI traded up $1.57 during trading on Thursday, reaching $107.47. The stock had a trading volume of 221,715 shares, compared to its average volume of 413,169. Itron, Inc. has a 52 week low of $71.00 and a 52 week high of $124.90. 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 firm's fifty day moving average is $110.69 and its 200 day moving average is $106.95. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 22.02, a P/E/G ratio of 0.88 and a beta of 1.47.

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 for the quarter, topping analysts' consensus estimates of $1.13 by $0.71. The firm had revenue of $615.46 million during the quarter, compared to the consensus estimate of $596.41 million. Itron had a return on equity of 19.03% and a net margin of 9.37%. The business's revenue was up 9.8% compared to the same quarter last year. During the same period last year, the business posted $0.98 EPS. As a group, equities analysts forecast that Itron, Inc. will post 5.33 EPS for the current fiscal year.

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.