Amundi Has $85.24 Million Position in Itron, Inc. (NASDAQ:ITRI)

Amundi lowered its position in Itron, Inc. (NASDAQ:ITRI) by 15.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 785,046 shares of the scientific and technical instruments company’s stock after selling 146,069 shares during the period. Amundi owned 1.74% of Itron worth $85,241,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new position in Itron in the fourth quarter worth approximately $30,000. Continuum Advisory LLC increased its holdings in Itron by 42.1% in the third quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company’s stock worth $40,000 after buying an additional 102 shares during the last quarter. Quarry LP increased its holdings in 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 buying an additional 102 shares during the last quarter. Covestor Ltd increased its holdings in Itron by 26.1% in the third quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company’s stock worth $57,000 after buying an additional 111 shares during the last quarter. Finally, Hager Investment Management Services LLC acquired a new position in Itron in the fourth quarter worth approximately $67,000. Institutional investors and hedge funds own 96.19% of the company’s stock.

Wall Street Analysts Forecast Growth

ITRI has been the topic of a number of research reports. StockNews.com downgraded Itron from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 1st. Canaccord Genuity Group increased their price target on Itron from $130.00 to $132.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Guggenheim lowered their price target on Itron from $135.00 to $133.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Oppenheimer increased their price target on Itron from $124.00 to $131.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. Finally, Piper Sandler increased their price target on Itron from $119.00 to $124.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Itron has an average rating of “Moderate Buy” and an average target price of $127.64.

Insider Activity

In other news, CFO Joan S. Hooper sold 2,322 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $92.90, for a total value of $215,713.80. Following the completion of the sale, the chief financial officer now directly owns 92,076 shares of the company’s stock, valued at approximately $8,553,860.40. This represents a 2.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO David Marshall Wright sold 317 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $92.90, for a total value of $29,449.30. Following the completion of the sale, the chief accounting officer now directly owns 8,108 shares of the company’s stock, valued at $753,233.20. This represents a 3.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,037 shares of company stock valued at $385,815. 1.45% of the stock is owned by company insiders.

Itron Stock Down 0.4 %

ITRI opened at $103.31 on Wednesday. Itron, Inc. has a 1-year low of $86.13 and a 1-year high of $124.90. The company has a current ratio of 3.36, a quick ratio of 2.83 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 21.17, a P/E/G ratio of 0.81 and a beta of 1.49. The business has a 50 day moving average of $104.48 and a 200-day moving average of $107.41.

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.