Moody Aldrich Partners LLC Buys 2,945 Shares of Itron, Inc. (NASDAQ:ITRI)

Moody Aldrich Partners LLC boosted its stake in Itron, Inc. (NASDAQ:ITRI) by 7.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,053 shares of the scientific and technical instruments company’s stock after acquiring an additional 2,945 shares during the period. Moody Aldrich Partners LLC’s holdings in Itron were worth $4,675,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its holdings in shares of Itron by 44.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 29,706 shares of the scientific and technical instruments company’s stock valued at $2,940,000 after buying an additional 9,166 shares in the last quarter. Xponance Inc. boosted its holdings in shares of Itron by 5.1% during the 2nd quarter. Xponance Inc. now owns 2,910 shares of the scientific and technical instruments company’s stock valued at $288,000 after buying an additional 142 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in shares of Itron by 25.7% during the 2nd quarter. Squarepoint Ops LLC now owns 5,982 shares of the scientific and technical instruments company’s stock valued at $592,000 after buying an additional 1,223 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Itron by 25.6% during the 2nd quarter. AQR Capital Management LLC now owns 75,772 shares of the scientific and technical instruments company’s stock valued at $7,498,000 after buying an additional 15,420 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Itron by 4.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,660 shares of the scientific and technical instruments company’s stock worth $2,539,000 after purchasing an additional 1,003 shares during the last quarter. Institutional investors own 96.19% of the company’s stock.

Itron Price Performance

Shares of NASDAQ:ITRI opened at $105.57 on Wednesday. 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 1-year low of $71.00 and a 1-year high of $124.90. The company has a market capitalization of $4.76 billion, a P/E ratio of 21.63, a P/E/G ratio of 0.88 and a beta of 1.47. The firm’s 50 day simple moving average is $110.85 and its two-hundred day simple moving average is $106.96.

Itron (NASDAQ:ITRI) last issued its quarterly earnings results on Thursday, October 31st. The scientific and technical instruments company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.71. Itron had a net margin of 9.37% and a return on equity of 19.03%. The business had revenue of $615.46 million for the quarter, compared to the consensus estimate of $596.41 million. During the same quarter in the previous year, the firm earned $0.98 earnings per share. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. Research analysts expect that Itron, Inc. will post 5.33 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ITRI shares. Roth Mkm lifted their price target on Itron from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Oppenheimer lifted their price target on Itron from $120.00 to $124.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Guggenheim lifted their price target on Itron from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Robert W. Baird lifted their price target on Itron from $123.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, TD Cowen lifted their price target on Itron from $125.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $123.92.

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.