New Age Alpha Advisors LLC Acquires Shares of 5,083 Itron, Inc. (NASDAQ:ITRI)

New Age Alpha Advisors LLC purchased a new stake in Itron, Inc. (NASDAQ:ITRI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,083 shares of the scientific and technical instruments company's stock, valued at approximately $552,000.

A number of other large investors also recently made changes to their positions in the company. Louisiana State Employees Retirement System boosted its holdings in Itron by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 21,800 shares of the scientific and technical instruments company's stock worth $2,367,000 after buying an additional 100 shares during the period. Quarry LP boosted its stake in shares of Itron by 29.0% in the 3rd 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 in the last quarter. Continuum Advisory LLC boosted its position 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 valued at $40,000 after buying an additional 102 shares during the period. Stifel Financial Corp increased its stake in Itron by 2.2% in the 3rd quarter. Stifel Financial Corp now owns 4,921 shares of the scientific and technical instruments company's stock worth $526,000 after purchasing an additional 108 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC grew its holdings in Itron by 6.1% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,185 shares of the scientific and technical instruments company's stock worth $237,000 after acquiring an additional 125 shares during the last quarter. 96.19% of the stock is owned by institutional investors.

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Itron Trading Down 6.0 %

NASDAQ:ITRI traded down $6.05 on Friday, reaching $94.79. 905,076 shares of the company's stock were exchanged, compared to its average volume of 558,798. Itron, Inc. has a 52-week low of $88.87 and a 52-week high of $124.90. The business has a fifty day moving average of $103.81 and a 200-day moving average of $107.98. The firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 0.81 and a beta of 1.39. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91.

Insider Activity at Itron

In other news, Director Mary C. Hemmingsen sold 750 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $107.27, for a total transaction of $80,452.50. Following the sale, the director now owns 5,630 shares of the company's stock, valued at $603,930.10. The trade was a 11.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO David Marshall Wright sold 317 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $92.90, for a total transaction of $29,449.30. Following the transaction, the chief accounting officer now owns 8,108 shares of the company's stock, valued at $753,233.20. This trade represents a 3.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,037 shares of company stock valued at $385,815 over the last three months. 1.51% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ITRI has been the topic of a number of research analyst reports. Piper Sandler boosted their price objective on shares of Itron from $119.00 to $124.00 and gave the company a "neutral" rating in a research report on Thursday, February 27th. StockNews.com downgraded shares of Itron from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 1st. Oppenheimer boosted their target price on shares of Itron from $124.00 to $131.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. Canaccord Genuity Group increased their price objective on shares of Itron from $130.00 to $132.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Finally, Guggenheim cut their price objective on Itron from $135.00 to $133.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, Itron has an average rating of "Moderate Buy" and an average target price of $127.64.

About Itron

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.