Swiss National Bank Has $4 Million Position in Itron, Inc. (ITRI)
Swiss National Bank increased its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 2.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,600 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,200 shares during the quarter. Swiss National Bank’s holdings in Itron were worth $3,997,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of ITRI. Point72 Asset Management L.P. purchased a new stake in shares of Itron during the 3rd quarter worth $23,661,000. Cramer Rosenthal Mcglynn LLC purchased a new stake in shares of Itron during the 3rd quarter worth $18,102,000. Neuberger Berman Group LLC lifted its stake in shares of Itron by 13.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 688,848 shares of the scientific and technical instruments company’s stock worth $53,351,000 after purchasing an additional 82,196 shares during the last quarter. KBC Group NV lifted its stake in shares of Itron by 65.6% during the 3rd quarter. KBC Group NV now owns 170,591 shares of the scientific and technical instruments company’s stock worth $13,212,000 after purchasing an additional 67,581 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Itron by 96.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 97,264 shares of the scientific and technical instruments company’s stock worth $7,533,000 after purchasing an additional 47,642 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.
In other news, major shareholder Scopia Capital Management Lp acquired 75,193 shares of Itron stock in a transaction dated Wednesday, December 6th. The stock was purchased at an average cost of $67.34 per share, for a total transaction of $5,063,496.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Philip Mezey sold 3,330 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $68.30, for a total value of $227,439.00. Following the completion of the transaction, the chief executive officer now owns 54,327 shares of the company’s stock, valued at $3,710,534.10. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 750,261 shares of company stock valued at $51,839,736 and sold 26,607 shares valued at $1,863,856. Company insiders own 2.03% of the company’s stock.
Shares of Itron, Inc. (NASDAQ ITRI) opened at $74.50 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.67 and a debt-to-equity ratio of 0.74. Itron, Inc. has a 12 month low of $57.80 and a 12 month high of $79.95. The company has a market capitalization of $2,889.41, a PE ratio of 24.35, a price-to-earnings-growth ratio of 1.16 and a beta of 1.03.
Itron (NASDAQ:ITRI) last announced its quarterly earnings data on Wednesday, February 28th. The scientific and technical instruments company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.08. Itron had a return on equity of 15.84% and a net margin of 2.84%. The firm had revenue of $550.78 million during the quarter, compared to analysts’ expectations of $532.61 million. During the same period last year, the business posted $0.68 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. equities research analysts predict that Itron, Inc. will post 3.04 EPS for the current year.
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Itron Company Profile
Itron, Inc is a technology and service company. The Company provides solutions that measure, manage and analyze energy and water use. It also provides the Internet of things. 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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