Itron, Inc. $ITRI Position Increased by Impax Asset Management Group plc

Impax Asset Management Group plc increased its stake in Itron, Inc. (NASDAQ:ITRI) by 127.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,588,950 shares of the scientific and technical instruments company’s stock after acquiring an additional 890,040 shares during the quarter. Itron makes up 1.2% of Impax Asset Management Group plc’s holdings, making the stock its 26th largest holding. Impax Asset Management Group plc owned about 3.47% of Itron worth $197,153,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Itron in the third quarter worth approximately $1,300,000. Robeco Schweiz AG boosted its stake in shares of Itron by 31.2% during the 3rd quarter. Robeco Schweiz AG now owns 372,176 shares of the scientific and technical instruments company’s stock valued at $46,358,000 after buying an additional 88,504 shares during the period. Schroder Investment Management Group grew its holdings in shares of Itron by 23.6% during the 2nd quarter. Schroder Investment Management Group now owns 376,087 shares of the scientific and technical instruments company’s stock valued at $49,504,000 after acquiring an additional 71,702 shares in the last quarter. Arvin Capital Management LP acquired a new position in shares of Itron in the second quarter worth $8,331,000. Finally, Wolverine Asset Management LLC purchased a new stake in shares of Itron during the second quarter worth $377,000. Institutional investors and hedge funds own 96.19% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ITRI shares. Johnson Rice raised shares of Itron from an “accumulate” rating to a “buy” rating and set a $130.00 price objective on the stock in a research report on Monday, January 5th. Oppenheimer cut their price target on shares of Itron from $145.00 to $125.00 and set an “outperform” rating on the stock in a report on Tuesday, January 27th. Weiss Ratings lowered shares of Itron from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Wall Street Zen downgraded shares of Itron from a “buy” rating to a “hold” rating in a research report on Wednesday, January 14th. Finally, Argus restated a “hold” rating on shares of Itron in a report on Tuesday, November 4th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Itron presently has a consensus rating of “Moderate Buy” and an average price target of $136.10.

Insider Transactions at Itron

In other news, SVP Justin K. Patrick sold 379 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $96.51, for a total value of $36,577.29. Following the transaction, the senior vice president directly owned 20,382 shares of the company’s stock, valued at $1,967,066.82. The trade was a 1.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Joan S. Hooper sold 948 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $96.51, for a total value of $91,491.48. Following the sale, the chief financial officer owned 87,446 shares in the company, valued at $8,439,413.46. The trade was a 1.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 2,971 shares of company stock valued at $286,731. 1.51% of the stock is owned by company insiders.

Itron Stock Up 1.0%

NASDAQ ITRI opened at $105.57 on Wednesday. Itron, Inc. has a twelve month low of $90.11 and a twelve month high of $142.00. The stock has a market cap of $4.84 billion, a PE ratio of 18.99, a PEG ratio of 0.60 and a beta of 1.48. The firm has a 50-day simple moving average of $97.96 and a 200 day simple moving average of $111.80. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.91 and a current ratio of 2.17.

About Itron

Itron, Inc (NASDAQ: ITRI) is a global technology company that develops innovative solutions to measure, manage and analyze the use of energy and water. Its comprehensive portfolio includes smart meters, data collection devices, communication networks and advanced software applications designed to optimize utility operations and foster sustainable resource management. The company’s offerings enable utilities and cities to accurately monitor consumption patterns, streamline billing processes and improve grid reliability.

Itron’s product lineup spans a range of hardware and software solutions, from residential and commercial smart meters to meter data management systems (MDMS), networked communication platforms and analytics tools.