Itron, Inc. (ITRI) Holdings Boosted by Teachers Advisors LLC
Teachers Advisors LLC raised its holdings in Itron, Inc. (NASDAQ:ITRI) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 322,127 shares of the scientific and technical instruments company’s stock after buying an additional 3,399 shares during the quarter. Teachers Advisors LLC owned 0.83% of Itron worth $21,824,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Delta Lloyd Asset Management N.V. acquired a new position in Itron in the second quarter valued at approximately $4,743,000. Credit Suisse AG lifted its stake in Itron by 25.0% in the first quarter. Credit Suisse AG now owns 106,811 shares of the scientific and technical instruments company’s stock valued at $6,483,000 after buying an additional 21,368 shares during the period. Bank of New York Mellon Corp lifted its stake in Itron by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 461,181 shares of the scientific and technical instruments company’s stock valued at $27,995,000 after buying an additional 18,598 shares during the period. Redwood Investments LLC acquired a new position in Itron in the first quarter valued at approximately $6,923,000. Finally, HighTower Advisors LLC lifted its stake in Itron by 5.9% in the first quarter. HighTower Advisors LLC now owns 3,845 shares of the scientific and technical instruments company’s stock valued at $234,000 after buying an additional 214 shares during the period. 93.66% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Itron, Inc. (NASDAQ ITRI) opened at 76.60 on Friday. Itron, Inc. has a 12-month low of $51.55 and a 12-month high of $77.40. The stock’s 50 day moving average price is $72.49 and its 200 day moving average price is $67.47. The company has a market cap of $2.96 billion, a P/E ratio of 94.80 and a beta of 1.08.
Itron (NASDAQ:ITRI) last released its earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.03. The company had revenue of $503.10 million during the quarter, compared to analysts’ expectations of $491.80 million. Itron had a return on equity of 15.43% and a net margin of 1.60%. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 EPS. On average, analysts forecast that Itron, Inc. will post $3.07 EPS for the current year.
Several equities analysts have issued reports on the company. Canaccord Genuity lowered Itron from a “buy” rating to a “hold” rating and set a $78.00 price target on the stock. in a research note on Tuesday, September 19th. Zacks Investment Research downgraded Itron from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Cowen and Company set a $60.00 price objective on Itron and gave the company a “hold” rating in a report on Friday, July 21st. Robert W. Baird downgraded Itron from an “outperform” rating to a “neutral” rating and boosted 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 downgraded Itron from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $80.22.
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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