Itron, Inc. (ITRI) Stake Held by Rockefeller Financial Services Inc.
Rockefeller Financial Services Inc. continued to hold its position in shares of Itron, Inc. (NASDAQ:ITRI) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,436 shares of the company’s stock at the end of the third quarter. Rockefeller Financial Services Inc.’s holdings in Itron were worth $470,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. MSI Financial Services Inc increased its position in shares of Itron by 21,622.2% in the third quarter. MSI Financial Services Inc now owns 1,955 shares of the company’s stock worth $109,000 after buying an additional 1,946 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Itron by 2,352.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,090 shares of the company’s stock worth $133,000 after buying an additional 2,964 shares in the last quarter. CIBC Asset Management Inc acquired a new position in shares of Itron during the third quarter worth about $258,000. CWH Capital Management Inc. acquired a new position in shares of Itron during the second quarter worth about $202,000. Finally, PineBridge Investments L.P. increased its position in shares of Itron by 3.8% in the second quarter. PineBridge Investments L.P. now owns 4,806 shares of the company’s stock worth $207,000 after buying an additional 175 shares in the last quarter. 95.36% of the stock is currently owned by institutional investors.
Shares of Itron, Inc. (NASDAQ:ITRI) traded up 1.04% during mid-day trading on Friday, reaching $63.35. The company’s stock had a trading volume of 98,668 shares. The company has a market cap of $2.42 billion, a P/E ratio of 84.35 and a beta of 1.32. The company has a 50-day moving average of $64.32 and a 200-day moving average of $53.67. Itron, Inc. has a 12 month low of $29.02 and a 12 month high of $66.10.
Itron (NASDAQ:ITRI) last posted its earnings results on Wednesday, November 2nd. The company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.16. The company earned $506.86 million during the quarter, compared to analyst estimates of $481.51 million. Itron had a net margin of 1.45% and a return on equity of 12.89%. Itron’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 earnings per share. Equities research analysts forecast that Itron, Inc. will post $2.45 earnings per share for the current fiscal year.
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A number of brokerages have recently issued reports on ITRI. Robert W. Baird boosted their price objective on Itron to $73.00 and gave the company a “buy” rating in a research note on Friday, December 9th. Oppenheimer Holdings, Inc. set a $70.00 price objective on Itron and gave the company a “buy” rating in a research note on Monday, December 5th. Needham & Company LLC reissued a “buy” rating and issued a $70.00 price objective (up from $66.00) on shares of Itron in a research note on Tuesday, December 6th. TheStreet lowered Itron from a “buy” rating to a “hold” rating in a research report on Wednesday, November 2nd. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $61.00 target price (up from $57.00) on shares of Itron in a research report on Monday, October 3rd. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $60.00.
In other news, Director Jon E. Eliassen sold 3,000 shares of the stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $59.72, for a total transaction of $179,160.00. Following the completion of the sale, the director now directly owns 15,492 shares in the company, valued at $925,182.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Thomas Deitrich sold 9,669 shares of the stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $64.25, for a total transaction of $621,233.25. Following the sale, the chief operating officer now owns 88,212 shares of the company’s stock, valued at $5,667,621. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.
Itron Company Profile
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. The Company is the supplier of electricity metering solutions, including standard meters and advanced and smart metering systems.
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