PGGM Investments Has $62.62 Million Stock Holdings in Itron, Inc. (NASDAQ:ITRI)

PGGM Investments lessened its stake in Itron, Inc. (NASDAQ:ITRI - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 576,721 shares of the scientific and technical instruments company's stock after selling 10,412 shares during the quarter. PGGM Investments owned about 1.28% of Itron worth $62,620,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Geode Capital Management LLC lifted 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 worth $114,835,000 after acquiring an additional 5,630 shares during the last quarter. Vontobel Holding Ltd. increased its stake in shares of Itron by 8.1% during the fourth quarter. Vontobel Holding Ltd. now owns 464,787 shares of the scientific and technical instruments company's stock valued at $50,467,000 after acquiring an additional 34,842 shares during the period. Erste Asset Management GmbH bought a new position in Itron during the third quarter valued at about $38,534,000. Victory Capital Management Inc. grew its position in Itron by 41.6% in the third quarter. Victory Capital Management Inc. now owns 283,728 shares of the scientific and technical instruments company's stock worth $30,305,000 after buying an additional 83,328 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Itron by 611.9% during the third quarter. Franklin Resources Inc. now owns 282,828 shares of the scientific and technical instruments company's stock worth $31,128,000 after purchasing an additional 243,102 shares during the period. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

ITRI has been the subject of a number of research reports. StockNews.com lowered Itron from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 1st. Canaccord Genuity Group boosted their target price on shares of Itron from $130.00 to $132.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Guggenheim lowered their price objective on shares of Itron from $135.00 to $133.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Piper Sandler upped their price target on Itron from $119.00 to $124.00 and gave the company a "neutral" rating in a report on Thursday, February 27th. Finally, Oppenheimer raised their price objective on shares of Itron from $124.00 to $131.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. 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, the company presently has a consensus rating of "Moderate Buy" and an average price target of $127.64.

Itron Trading Up 1.9 %

Shares of NASDAQ ITRI traded up $1.98 during midday trading on Monday, hitting $106.55. The stock had a trading volume of 554,539 shares, compared to its average volume of 524,279. The firm has a market cap of $4.81 billion, a P/E ratio of 21.83, a price-to-earnings-growth ratio of 0.81 and a beta of 1.49. Itron, Inc. has a fifty-two week low of $86.45 and a fifty-two week high of $124.90. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83. The company's 50-day simple moving average is $104.06 and its 200 day simple moving average is $107.48.

Insider Buying and Selling

In other Itron news, CAO David Marshall Wright sold 317 shares of Itron stock in a transaction on Monday, February 24th. The shares were sold at an average price of $92.90, for a total transaction of $29,449.30. Following the completion of the sale, the chief accounting officer now owns 8,108 shares of the company's stock, valued at approximately $753,233.20. The trade was a 3.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary C. Hemmingsen sold 750 shares of the stock in a transaction on Thursday, February 27th. The shares were 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 directly owns 5,630 shares in the company, valued at approximately $603,930.10. This trade represents a 11.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,037 shares of company stock worth $385,815 over the last three months. 1.45% of the stock is currently owned by company insiders.

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.