Itron, Inc. (NASDAQ:ITRI) Shares Purchased by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. raised its holdings in Itron, Inc. (NASDAQ:ITRI) by 98.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 42,924 shares of the scientific and technical instruments company’s stock after buying an additional 21,260 shares during the period. Itron makes up about 1.7% of Peregrine Asset Advisers Inc.’s portfolio, making the stock its 18th biggest holding. Peregrine Asset Advisers Inc.’s holdings in Itron were worth $4,661,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Planning lifted its position in shares of Itron by 17.1% during the third quarter. Creative Planning now owns 15,677 shares of the scientific and technical instruments company’s stock worth $1,674,000 after purchasing an additional 2,284 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Itron by 27.4% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 3,412 shares of the scientific and technical instruments company’s stock valued at $364,000 after buying an additional 734 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Itron by 90.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 511,734 shares of the scientific and technical instruments company’s stock worth $54,658,000 after buying an additional 243,355 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Itron in the 3rd quarter worth approximately $223,000. Finally, Adams Natural Resources Fund Inc. bought a new stake in shares of Itron in the 3rd quarter valued at approximately $3,023,000. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

Itron Stock Down 3.8 %

ITRI opened at $93.94 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83. Itron, Inc. has a 12 month low of $73.64 and a 12 month high of $124.90. The stock’s 50 day moving average price is $105.60 and its 200 day moving average price is $106.72. The stock has a market cap of $4.24 billion, a P/E ratio of 19.25, a P/E/G ratio of 0.81 and a beta of 1.46.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Piper Sandler raised their price objective on Itron from $110.00 to $119.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. TD Cowen raised their price target on shares of Itron from $125.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Oppenheimer boosted their price objective on shares of Itron from $120.00 to $124.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Roth Mkm raised their target price on shares of Itron from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Guggenheim lifted their target price on Itron from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.92.

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.