Beacon Harbor Wealth Advisors Inc. Grows Stock Holdings in Itron, Inc. (NASDAQ:ITRI)

Beacon Harbor Wealth Advisors Inc. grew its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 3.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,163 shares of the scientific and technical instruments company’s stock after buying an additional 2,049 shares during the quarter. Beacon Harbor Wealth Advisors Inc. owned 0.13% of Itron worth $6,315,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ITRI. Erste Asset Management GmbH purchased a new position in shares of Itron in the third quarter valued at $38,534,000. Franklin Resources Inc. raised its holdings in shares of Itron by 611.9% during the third quarter. Franklin Resources Inc. now owns 282,828 shares of the scientific and technical instruments company’s stock worth $31,128,000 after purchasing an additional 243,102 shares during the period. Banco Santander S.A. raised its holdings in shares of Itron by 4,133.3% during the third quarter. Banco Santander S.A. now owns 190,500 shares of the scientific and technical instruments company’s stock worth $20,347,000 after purchasing an additional 186,000 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Itron by 41.6% in the 3rd quarter. Victory Capital Management Inc. now owns 283,728 shares of the scientific and technical instruments company’s stock worth $30,305,000 after acquiring an additional 83,328 shares during the period. Finally, Soros Fund Management LLC increased its holdings in shares of Itron by 38.9% in the 3rd quarter. Soros Fund Management LLC now owns 275,000 shares of the scientific and technical instruments company’s stock worth $29,373,000 after acquiring an additional 77,050 shares during the period. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ITRI has been the topic of several research analyst reports. Oppenheimer raised their target price on shares of Itron from $124.00 to $131.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Piper Sandler lifted their price objective on shares of Itron from $119.00 to $124.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. StockNews.com downgraded shares of Itron from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 1st. Guggenheim lowered their price objective on shares of Itron from $135.00 to $133.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Finally, Canaccord Genuity Group lifted their target price 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. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.64.

Itron Price Performance

Shares of ITRI opened at $106.98 on Thursday. Itron, Inc. has a twelve month low of $86.13 and a twelve month high of $124.90. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91. The company has a 50 day moving average of $104.82 and a 200-day moving average of $107.22. The stock has a market capitalization of $4.83 billion, a P/E ratio of 21.92, a P/E/G ratio of 0.81 and a beta of 1.46.

Insider Buying and Selling at Itron

In other Itron news, SVP Christopher E. Ware sold 648 shares of Itron stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $92.90, for a total value of $60,199.20. Following the transaction, the senior vice president now owns 20,326 shares in the company, valued at $1,888,285.40. The trade was a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO David Marshall Wright sold 317 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $92.90, for a total value of $29,449.30. Following the sale, the chief accounting officer now owns 8,108 shares in the company, valued at approximately $753,233.20. This trade represents a 3.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,037 shares of company stock valued at $385,815 in the last quarter. 1.45% of the stock is currently owned by insiders.

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.