Massey Quick Simon & CO. LLC acquired a new position in Itron, Inc. (NASDAQ:ITRI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,091 shares of the scientific and technical instruments company’s stock, valued at approximately $394,000.
Several other large investors have also modified their holdings of ITRI. Delta Lloyd Asset Management N.V. purchased a new stake in Itron in the 2nd quarter worth approximately $4,743,000. Credit Suisse AG increased its holdings in Itron by 25.0% in the 1st quarter. Credit Suisse AG now owns 106,811 shares of the scientific and technical instruments company’s stock worth $6,483,000 after acquiring an additional 21,368 shares in the last quarter. Laurion Capital Management LP purchased a new stake in Itron in the 2nd quarter worth approximately $906,000. Shelton Capital Management purchased a new stake in Itron in the 2nd quarter worth approximately $563,000. Finally, HighTower Advisors LLC increased its holdings in Itron by 5.9% in the 1st quarter. HighTower Advisors LLC now owns 3,845 shares of the scientific and technical instruments company’s stock worth $234,000 after acquiring an additional 214 shares in the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.
Shares of Itron, Inc. (ITRI) traded down $1.25 on Tuesday, reaching $65.40. 291,000 shares of the company’s stock were exchanged, compared to its average volume of 194,378. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.26 and a current ratio of 1.67. Itron, Inc. has a twelve month low of $57.80 and a twelve month high of $79.95. The stock has a market cap of $2,540.00, a price-to-earnings ratio of 24.41, a P/E/G ratio of 1.06 and a beta of 1.07.
Itron (NASDAQ:ITRI) last posted its earnings results on Wednesday, November 1st. The scientific and technical instruments company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.12). Itron had a net margin of 3.42% and a return on equity of 14.84%. The business had revenue of $486.75 million during the quarter, compared to analysts’ expectations of $526.55 million. During the same period last year, the business posted $0.77 earnings per share. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. equities research analysts expect that Itron, Inc. will post 2.99 EPS for the current year.
ITRI has been the subject of several analyst reports. Zacks Investment Research raised shares of Itron from a “sell” rating to a “hold” rating in a report on Monday, July 17th. JMP Securities set a $88.00 target price on shares of Itron and gave the stock a “buy” rating in a report on Tuesday, July 18th. Cowen and Company set a $60.00 price objective on shares of Itron and gave the company a “hold” rating in a report on Friday, July 21st. Robert W. Baird lowered shares of Itron from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $73.00 to $77.00 in a report on Wednesday, July 26th. They noted that the move was a valuation call. Finally, BidaskClub lowered shares of Itron from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Itron has a consensus rating of “Buy” and a consensus target price of $81.78.
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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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