Daiwa Securities Group Inc. trimmed its holdings in Itron, Inc. (NASDAQ:ITRI) by 53.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,740 shares of the scientific and technical instruments company’s stock after selling 7,745 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Itron were worth $522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Delta Lloyd Asset Management N.V. bought a new position in shares of Itron in the 2nd quarter worth about $4,743,000. Credit Suisse AG grew its position in Itron by 25.0% during the 1st quarter. Credit Suisse AG now owns 106,811 shares of the scientific and technical instruments company’s stock valued at $6,483,000 after purchasing an additional 21,368 shares during the last quarter. Laurion Capital Management LP purchased a new stake in Itron during the 2nd quarter valued at about $906,000. Shelton Capital Management purchased a new stake in Itron during the 2nd quarter valued at about $563,000. Finally, HighTower Advisors LLC grew its position in Itron by 5.9% during the 1st quarter. HighTower Advisors LLC now owns 3,845 shares of the scientific and technical instruments company’s stock valued at $234,000 after purchasing an additional 214 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.
Several brokerages recently commented on ITRI. Needham & Company LLC reissued a “buy” rating and set a $84.00 price objective on shares of Itron in a research report on Friday, November 3rd. Zacks Investment Research downgraded shares of Itron from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $78.00 price objective (up from $75.00) on shares of Itron in a research report on Friday, August 4th. Robert W. Baird reissued a “hold” rating and set a $77.00 price objective on shares of Itron in a research report on Tuesday, September 12th. Finally, BidaskClub downgraded shares of Itron from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Itron presently has a consensus rating of “Buy” and a consensus price target of $81.78.
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Itron, Inc. (NASDAQ ITRI) opened at $65.40 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 1.67 and a debt-to-equity ratio of 0.38. The stock has a market cap of $2,581.03, a P/E ratio of 24.41, a P/E/G ratio of 1.06 and a beta of 1.07. Itron, Inc. has a 1-year low of $57.80 and a 1-year high of $79.95.
Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Wednesday, November 1st. The scientific and technical instruments company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.12). The business had revenue of $486.75 million during the quarter, compared to analysts’ expectations of $526.55 million. Itron had a return on equity of 14.84% and a net margin of 3.42%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.77 EPS. analysts expect that Itron, Inc. will post 2.99 EPS for the current year.
Itron, Inc (Itron) is a technology and service company. The Company provides solutions that measure, manage and analyze energy and water use. The Company operates through three segments: Electricity, Gas and Water. It provides a portfolio of products, solutions, software and services to electric, gas and water utility customers across the globe.
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