Itron, Inc. $ITRI Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its position in Itron, Inc. (NASDAQ:ITRI) by 78.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 77,488 shares of the scientific and technical instruments company’s stock after buying an additional 34,027 shares during the period. Thrivent Financial for Lutherans’ holdings in Itron were worth $9,653,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ITRI. AlphaQuest LLC boosted its holdings in Itron by 218.3% in the third quarter. AlphaQuest LLC now owns 10,996 shares of the scientific and technical instruments company’s stock valued at $1,370,000 after purchasing an additional 7,541 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Itron by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 13,478 shares of the scientific and technical instruments company’s stock valued at $1,679,000 after purchasing an additional 192 shares in the last quarter. J. Safra Sarasin Holding AG acquired a new stake in shares of Itron during the 3rd quarter valued at about $4,673,000. Copia Wealth Management acquired a new stake in Itron in the third quarter valued at approximately $92,000. Finally, Whittier Trust Co. purchased a new stake in Itron in the 3rd quarter worth $56,000. Institutional investors and hedge funds own 96.19% of the company’s stock.

Itron Stock Down 2.3%

Shares of NASDAQ:ITRI opened at $99.56 on Friday. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 0.58 and a beta of 1.48. Itron, Inc. has a 12-month low of $90.11 and a 12-month high of $142.00. The business has a 50-day moving average price of $97.54 and a 200 day moving average price of $112.76. The company has a current ratio of 2.17, a quick ratio of 1.91 and a debt-to-equity ratio of 0.46.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Weiss Ratings cut Itron from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Johnson Rice raised shares of Itron from an “accumulate” rating to a “buy” rating and set a $130.00 target price on the stock in a research note on Monday, January 5th. Wall Street Zen lowered shares of Itron from a “buy” rating to a “hold” rating in a report on Wednesday, January 14th. Robert W. Baird reissued a “neutral” rating and issued a $118.00 price target (down from $137.00) on shares of Itron in a research note on Friday, October 31st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Itron from $145.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Eight investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $136.10.

Insider Buying and Selling at Itron

In other Itron news, SVP Christopher E. Ware sold 343 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 $33,102.93. Following the sale, the senior vice president owned 18,774 shares of the company’s stock, valued at $1,811,878.74. The trade was a 1.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Donald L. Reeves III sold 536 shares of Itron stock in a transaction on Monday, November 24th. The shares were sold at an average price of $96.51, for a total value of $51,729.36. Following the completion of the sale, the senior vice president directly owned 19,068 shares of the company’s stock, valued at $1,840,252.68. The trade was a 2.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 2,971 shares of company stock valued at $286,731. 1.45% of the stock is currently owned by company insiders.

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.