Hager Investment Management Services LLC Makes New Investment in Itron, Inc. (NASDAQ:ITRI)

Hager Investment Management Services LLC purchased a new stake in Itron, Inc. (NASDAQ:ITRI) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 620 shares of the scientific and technical instruments company’s stock, valued at approximately $67,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Intech Investment Management LLC increased its position in shares of Itron by 105.9% in the third quarter. Intech Investment Management LLC now owns 19,444 shares of the scientific and technical instruments company’s stock worth $2,077,000 after purchasing an additional 10,001 shares during the last quarter. Geode Capital Management LLC grew its stake in Itron by 0.5% in the 3rd 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 buying an additional 5,630 shares in the last quarter. Beacon Harbor Wealth Advisors Inc. bought a new position in shares of Itron in the 3rd quarter worth $5,994,000. Hennion & Walsh Asset Management Inc. raised its position in shares of Itron by 78.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 6,083 shares of the scientific and technical instruments company’s stock valued at $660,000 after buying an additional 2,671 shares in the last quarter. Finally, Perpetual Ltd lifted its holdings in shares of Itron by 10.1% during the 3rd quarter. Perpetual Ltd now owns 88,126 shares of the scientific and technical instruments company’s stock worth $9,413,000 after acquiring an additional 8,102 shares during the last quarter. 96.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Roth Mkm increased their price objective on Itron from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 1st. StockNews.com upgraded shares of Itron from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Oppenheimer boosted their price objective on shares of Itron from $120.00 to $124.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. TD Cowen upped their price objective on shares of Itron from $125.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Robert W. Baird lifted their target price on shares of Itron from $123.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $123.92.

Itron Stock Performance

NASDAQ:ITRI opened at $106.69 on Thursday. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 0.89 and a beta of 1.46. Itron, Inc. has a 1 year low of $71.26 and a 1 year high of $124.90. The stock’s 50 day simple moving average is $109.52 and its two-hundred day simple moving average is $107.04. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83.

About Itron

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.