Tema Etfs LLC Takes Position in Itron, Inc. (NASDAQ:ITRI)

Tema Etfs LLC bought a new stake in Itron, Inc. (NASDAQ:ITRI - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 4,760 shares of the scientific and technical instruments company's stock, valued at approximately $517,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GeoWealth Management LLC boosted its stake in shares of Itron by 4,580.0% during the 4th quarter. GeoWealth Management LLC now owns 234 shares of the scientific and technical instruments company's stock worth $25,000 after acquiring an additional 229 shares during the period. Proficio Capital Partners LLC bought a new position in Itron during the fourth quarter worth $30,000. Hager Investment Management Services LLC acquired a new position in shares of Itron in the fourth quarter valued at $67,000. CoreCap Advisors LLC raised its position in shares of Itron by 25.5% in the fourth quarter. CoreCap Advisors LLC now owns 616 shares of the scientific and technical instruments company's stock valued at $67,000 after purchasing an additional 125 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Itron by 347.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 886 shares of the scientific and technical instruments company's stock worth $97,000 after buying an additional 688 shares during the last quarter. Institutional investors own 96.19% of the company's stock.

Insider Buying and Selling at Itron

In related news, Director Mary C. Hemmingsen sold 750 shares of the firm's stock in a transaction dated 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 owns 5,630 shares in the company, valued at approximately $603,930.10. This trade represents a 11.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO David Marshall Wright sold 317 shares of the business'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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,187 shares of company stock valued at $945,620. Corporate insiders own 1.45% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Canaccord Genuity Group upped their price target on shares of Itron from $130.00 to $132.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Oppenheimer increased 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. Guggenheim restated a "buy" rating and issued a $133.00 price target on shares of Itron in a research note on Thursday, April 17th. Piper Sandler decreased their price objective on Itron from $124.00 to $121.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Finally, Wall Street Zen downgraded Itron from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 1st. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $127.36.

Itron Price Performance

Itron stock traded down $0.05 during trading hours on Friday, reaching $112.23. 66,013 shares of the stock were exchanged, compared to its average volume of 571,868. The company has a current ratio of 3.36, a quick ratio of 2.83 and a debt-to-equity ratio of 0.91. Itron, Inc. has a twelve month low of $90.11 and a twelve month high of $124.90. The company has a market cap of $5.12 billion, a P/E ratio of 22.96, a price-to-earnings-growth ratio of 0.81 and a beta of 1.31. The stock has a 50 day moving average of $106.03 and a two-hundred day moving average of $108.04.

Itron (NASDAQ:ITRI - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The scientific and technical instruments company reported $1.52 EPS for the quarter, topping analysts' consensus estimates of $1.30 by $0.22. The company had revenue of $607.15 million for the quarter, compared to analyst estimates of $608.86 million. Itron had a return on equity of 19.03% and a net margin of 9.37%. The firm's quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.24 earnings per share. Equities analysts expect that Itron, Inc. will post 5.33 EPS 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.