Robeco Schweiz AG Raises Stock Holdings in Itron, Inc. (NASDAQ:ITRI)

Robeco Schweiz AG grew its stake in Itron, Inc. (NASDAQ:ITRI - Free Report) by 1.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 296,545 shares of the scientific and technical instruments company's stock after buying an additional 4,545 shares during the quarter. Robeco Schweiz AG owned 0.65% of Itron worth $31,066,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in ITRI. Norges Bank purchased a new position in shares of Itron in the 4th quarter valued at about $64,615,000. Bowen Hanes & Co. Inc. purchased a new stake in Itron during the fourth quarter worth approximately $27,486,000. Raiffeisen Bank International AG purchased a new stake in Itron during the fourth quarter worth approximately $27,619,000. Wellington Management Group LLP lifted its stake in Itron by 180.7% during the fourth quarter. Wellington Management Group LLP now owns 333,363 shares of the scientific and technical instruments company's stock worth $36,197,000 after purchasing an additional 214,600 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Itron by 85.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 425,484 shares of the scientific and technical instruments company's stock worth $46,199,000 after purchasing an additional 196,396 shares during the last quarter. Hedge funds and other institutional investors own 96.19% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on ITRI. Wall Street Zen cut Itron from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. TD Cowen lifted their price target on Itron from $139.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Guggenheim reissued a "buy" rating and issued a $133.00 target price on shares of Itron in a report on Thursday, April 17th. Finally, Piper Sandler dropped their target price on Itron from $124.00 to $121.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $128.18.

Insiders Place Their Bets

In other news, SVP Justin K. Patrick sold 9,036 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $121.77, for a total value of $1,100,313.72. Following the completion of the sale, the senior vice president owned 21,149 shares in the company, valued at approximately $2,575,313.73. This trade represents a 29.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John F. Marcolini sold 3,783 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $116.73, for a total value of $441,589.59. Following the completion of the sale, the senior vice president owned 21,865 shares of the company's stock, valued at approximately $2,552,301.45. This trade represents a 14.75% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,905 shares of company stock valued at $2,439,202. Company insiders own 1.45% of the company's stock.

Itron Trading Down 0.7%

NASDAQ:ITRI traded down $0.99 on Friday, hitting $134.54. 396,647 shares of the stock were exchanged, compared to its average volume of 555,337. The stock has a market cap of $6.13 billion, a PE ratio of 24.55, a PEG ratio of 0.86 and a beta of 1.35. The company has a current ratio of 1.93, a quick ratio of 1.65 and a debt-to-equity ratio of 0.52. The stock has a fifty day moving average of $121.68 and a 200-day moving average of $110.40. Itron, Inc. has a fifty-two week low of $90.11 and a fifty-two week high of $136.24.

Itron (NASDAQ:ITRI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The scientific and technical instruments company reported $1.52 EPS 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 return on equity of 19.65% and a net margin of 10.34%. The firm's revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.24 earnings per share. As a group, equities analysts expect that Itron, Inc. will post 5.33 earnings per share 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.