Oliver Luxxe Assets LLC Has $2.54 Million Stake in Itron, Inc. (NASDAQ:ITRI)

Oliver Luxxe Assets LLC increased its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 4.2% during the fourth quarter, Holdings Channel reports. The fund owned 23,422 shares of the scientific and technical instruments company’s stock after acquiring an additional 934 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Itron were worth $2,543,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Sculptor Capital LP acquired a new stake in Itron during the 2nd quarter worth approximately $5,255,000. Skandinaviska Enskilda Banken AB publ grew its position in shares of Itron by 97.8% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 10,207 shares of the scientific and technical instruments company’s stock worth $1,012,000 after purchasing an additional 5,047 shares in the last quarter. Driehaus Capital Management LLC acquired a new stake in shares of Itron in the second quarter valued at approximately $18,758,000. Intech Investment Management LLC grew its position in Itron by 105.9% during the third quarter. Intech Investment Management LLC now owns 19,444 shares of the scientific and technical instruments company’s stock worth $2,077,000 after buying an additional 10,001 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Itron by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,074,940 shares of the scientific and technical instruments company’s stock worth $114,835,000 after buying an additional 5,630 shares in the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. TD Cowen boosted their price target on Itron from $125.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Robert W. Baird upped their price target on shares of Itron from $123.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Piper Sandler lifted their price objective on shares of Itron from $110.00 to $119.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Janney Montgomery Scott assumed coverage on Itron in a report on Friday, September 27th. They issued a “buy” rating and a $131.00 target price on the stock. Finally, Oppenheimer boosted their price target on Itron from $120.00 to $124.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $123.92.

Itron Trading Down 1.1 %

Shares of Itron stock traded down $1.17 during midday trading on Monday, reaching $109.12. The company had a trading volume of 291,749 shares, compared to its average volume of 254,088. The firm has a market cap of $4.92 billion, a PE ratio of 22.36, a P/E/G ratio of 0.84 and a beta of 1.47. The stock has a fifty day moving average price of $114.11 and a 200 day moving average price of $106.14. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83. Itron, Inc. has a fifty-two week low of $67.21 and a fifty-two week high of $124.90.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Thursday, October 31st. The scientific and technical instruments company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.71. The company had revenue of $615.46 million during the quarter, compared to analysts’ expectations of $596.41 million. Itron had a net margin of 9.37% and a return on equity of 19.03%. Itron’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.98 earnings per share. On average, equities analysts anticipate that Itron, Inc. will post 5.33 earnings per share for the current year.

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.