Itron, Inc. (NASDAQ:ITRI) Holdings Lifted by Vontobel Holding Ltd.

Vontobel Holding Ltd. raised its position in Itron, Inc. (NASDAQ:ITRI) by 8.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 464,787 shares of the scientific and technical instruments company’s stock after purchasing an additional 34,842 shares during the quarter. Vontobel Holding Ltd. owned about 1.03% of Itron worth $50,467,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Continuum Advisory LLC increased its position in Itron by 42.1% in the 3rd quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company’s stock valued at $40,000 after acquiring an additional 102 shares during the period. Quarry LP grew its stake in shares of Itron by 29.0% in the third quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company’s stock worth $48,000 after purchasing an additional 102 shares in the last quarter. Covestor Ltd increased its holdings 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 valued at $57,000 after purchasing an additional 111 shares during the period. Hager Investment Management Services LLC bought a new stake in shares of Itron during the fourth quarter valued at about $67,000. Finally, Farther Finance Advisors LLC lifted its holdings in Itron by 21.7% in the third quarter. Farther Finance Advisors LLC now owns 724 shares of the scientific and technical instruments company’s stock worth $77,000 after purchasing an additional 129 shares during the period. Institutional investors own 96.19% of the company’s stock.

Analyst Ratings Changes

ITRI has been the topic of several research analyst reports. TD Cowen raised their target price 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. Guggenheim raised their price objective on shares of Itron from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Roth Mkm boosted their target price on Itron from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Piper Sandler increased their price target on Itron from $110.00 to $119.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Oppenheimer boosted their price objective on Itron from $120.00 to $124.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $123.92.

Itron Stock Up 0.9 %

Itron stock opened at $98.67 on Friday. The firm’s 50 day moving average price is $107.94 and its two-hundred day moving average price is $107.01. The firm has a market cap of $4.45 billion, a PE ratio of 20.22, a P/E/G ratio of 0.88 and a beta of 1.46. Itron, Inc. has a twelve month low of $73.14 and a twelve month high of $124.90. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.83 and a current ratio of 3.36.

Itron Company 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.