Susquehanna Fundamental Investments LLC Buys Shares of 60,615 Itron, Inc. (NASDAQ:ITRI)

Susquehanna Fundamental Investments LLC bought a new position in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 60,615 shares of the scientific and technical instruments company's stock, valued at approximately $6,582,000. Susquehanna Fundamental Investments LLC owned 0.13% of Itron at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Itron by 78.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 6,083 shares of the scientific and technical instruments company's stock worth $660,000 after buying an additional 2,671 shares during the last quarter. Intech Investment Management LLC increased its position in Itron by 112.7% in the fourth quarter. Intech Investment Management LLC now owns 41,363 shares of the scientific and technical instruments company's stock worth $4,491,000 after purchasing an additional 21,919 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Itron by 180.7% in the 4th quarter. Wellington Management Group LLP now owns 333,363 shares of the scientific and technical instruments company's stock valued at $36,197,000 after acquiring an additional 214,600 shares during the last quarter. Merit Financial Group LLC bought a new position in Itron during the fourth quarter valued at $301,000. Finally, HighTower Advisors LLC lifted its stake in shares of Itron by 143.2% during the 4th quarter. HighTower Advisors LLC now owns 7,355 shares of the scientific and technical instruments company's stock worth $799,000 after acquiring an additional 4,331 shares during the last quarter. 96.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ITRI has been the subject of a number of research analyst reports. StockNews.com lowered Itron from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 1st. Piper Sandler boosted their target price on Itron from $119.00 to $124.00 and gave the stock a "neutral" rating in a research note on Thursday, February 27th. Guggenheim reaffirmed a "buy" rating and set a $133.00 price target on shares of Itron in a research report on Thursday, April 17th. Oppenheimer upped their target price on Itron from $124.00 to $131.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. Finally, Canaccord Genuity Group lifted their price target on Itron from $130.00 to $132.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Itron has an average rating of "Moderate Buy" and a consensus price target of $127.64.

Insider Buying and Selling at Itron

In other news, Director Mary C. Hemmingsen sold 750 shares of Itron stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $107.27, for a total transaction of $80,452.50. Following the completion of the sale, the director now directly owns 5,630 shares of the company's stock, valued at approximately $603,930.10. The trade was a 11.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO David Marshall Wright sold 317 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $92.90, for a total value of $29,449.30. Following the completion of the transaction, the chief accounting officer now owns 8,108 shares in the company, valued at approximately $753,233.20. The trade was a 3.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,037 shares of company stock valued at $385,815 in the last three months. 1.45% of the stock is owned by corporate insiders.

Itron Trading Up 0.2 %

Itron stock traded up $0.18 during midday trading on Friday, hitting $108.23. 733,961 shares of the stock were exchanged, compared to its average volume of 574,335. The stock's 50-day simple moving average is $104.24 and its 200 day simple moving average is $107.48. Itron, Inc. has a fifty-two week low of $90.11 and a fifty-two week 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 stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 0.81 and a beta of 1.39.

Itron (NASDAQ:ITRI - Get Free Report) last announced its earnings results on Thursday, May 1st. The scientific and technical instruments company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.22. The company had revenue of $607.15 million during the quarter, compared to analyst estimates of $608.86 million. Itron had a net margin of 9.37% and a return on equity of 19.03%. Itron's revenue was up .6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.24 earnings per share. On average, equities analysts anticipate that Itron, Inc. will post 5.33 EPS for the current 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.