Oppenheimer Boosts Itron (NASDAQ:ITRI) Price Target to $131.00

Itron (NASDAQ:ITRI) had its price target raised by Oppenheimer from $124.00 to $131.00 in a research note released on Wednesday,Benzinga reports. They currently have an outperform rating on the scientific and technical instruments company’s stock.

A number of other research analysts also recently issued reports on ITRI. Robert W. Baird boosted their price target on Itron from $123.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Piper Sandler boosted their price target on Itron from $110.00 to $119.00 and gave the company a “neutral” rating in a report on Friday, November 1st. StockNews.com upgraded Itron from a “buy” rating to a “strong-buy” rating in a report on Friday, February 21st. Guggenheim upped their target price on Itron from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, TD Cowen upped their target price on Itron from $125.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Itron presently has an average rating of “Moderate Buy” and an average price target of $127.64.

Itron Stock Up 1.9 %

Shares of NASDAQ:ITRI opened at $108.89 on Wednesday. Itron has a 1 year low of $86.13 and a 1 year high of $124.90. The company has a market cap of $4.91 billion, a PE ratio of 22.31, a P/E/G ratio of 0.81 and a beta of 1.46. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83. The stock’s 50-day moving average is $104.96 and its 200 day moving average is $106.85.

Insider Transactions at Itron

In other news, SVP Christopher E. Ware sold 648 shares of the business’s 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 $60,199.20. Following the sale, the senior vice president now directly owns 20,326 shares of the company’s stock, valued at $1,888,285.40. The trade was a 3.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mary C. Hemmingsen sold 750 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $107.27, for a total value of $80,452.50. Following the completion of the transaction, the director now directly owns 5,630 shares in the company, valued at $603,930.10. This trade represents a 11.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,037 shares of company stock valued at $385,815 in the last ninety days. 1.45% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Itron

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GeoWealth Management LLC lifted its position in Itron by 4,580.0% in the 4th quarter. GeoWealth Management LLC now owns 234 shares of the scientific and technical instruments company’s stock valued at $25,000 after acquiring an additional 229 shares in the last quarter. Continuum Advisory LLC lifted 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 in the last quarter. Quarry LP lifted its position in Itron by 29.0% in the 3rd quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company’s stock valued at $48,000 after acquiring an additional 102 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Itron by 26.1% during the 3rd quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company’s stock valued at $57,000 after buying an additional 111 shares during the period. Finally, CoreCap Advisors LLC lifted its holdings in shares of Itron by 25.5% during the 4th quarter. CoreCap Advisors LLC now owns 616 shares of the scientific and technical instruments company’s stock valued at $67,000 after buying an additional 125 shares during the period. 96.19% of the stock is owned by institutional investors.

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.