SG Americas Securities LLC reduced its position in Itron, Inc. (NASDAQ:ITRI - Free Report) by 81.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,370 shares of the scientific and technical instruments company's stock after selling 5,896 shares during the quarter. SG Americas Securities LLC's holdings in Itron were worth $149,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of ITRI. Continuum Advisory LLC grew its position in shares of 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 buying an additional 102 shares in the last quarter. Quarry LP grew its position in shares of Itron by 29.0% during the third quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company's stock worth $48,000 after buying an additional 102 shares in the last quarter. Covestor Ltd grew its position in shares of Itron by 26.1% during the third quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company's stock worth $57,000 after buying an additional 111 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Itron by 21.7% during the third quarter. Farther Finance Advisors LLC now owns 724 shares of the scientific and technical instruments company's stock worth $77,000 after buying an additional 129 shares in the last quarter. Finally, Contravisory Investment Management Inc. grew its position in shares of Itron by 154.9% during the fourth quarter. Contravisory Investment Management Inc. now owns 864 shares of the scientific and technical instruments company's stock worth $94,000 after buying an additional 525 shares in the last quarter. 96.19% of the stock is owned by institutional investors and hedge funds.
Itron Stock Performance
Shares of Itron stock traded down $1.67 during trading hours on Friday, hitting $97.00. 721,743 shares of the company were exchanged, compared to its average volume of 464,388. Itron, Inc. has a 1 year low of $73.64 and a 1 year 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. The business has a 50-day moving average of $107.22 and a 200-day moving average of $106.90. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 19.88, a P/E/G ratio of 0.88 and a beta of 1.46.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on ITRI shares. 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. Robert W. Baird upped their price target on Itron from $123.00 to $132.00 and gave the company an "outperform" rating in a report on Friday, November 1st. StockNews.com downgraded Itron from a "strong-buy" rating to a "buy" rating in a report on Thursday. TD Cowen upped their price target on Itron from $125.00 to $136.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, Guggenheim upped their price target on Itron from $128.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Itron has a consensus rating of "Moderate Buy" and an average target price of $123.92.
View Our Latest Analysis on ITRI
About Itron
(
Free Report)
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.
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