Robecosam AG lowered its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 46.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,300 shares of the scientific and technical instruments company’s stock after selling 67,700 shares during the period. Robecosam AG owned approximately 0.20% of Itron worth $5,195,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of ITRI. Delta Lloyd Asset Management N.V. purchased a new position in shares of Itron in the 2nd quarter valued at $4,743,000. Credit Suisse AG raised its stake in shares of 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 valued at $6,483,000 after acquiring an additional 21,368 shares during the period. Laurion Capital Management LP purchased a new position in shares of Itron in the 2nd quarter valued at $906,000. HighTower Advisors LLC raised its stake in shares of 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 valued at $234,000 after acquiring an additional 214 shares during the period. Finally, KBC Group NV raised its stake in shares of Itron by 1.9% in the 2nd quarter. KBC Group NV now owns 103,010 shares of the scientific and technical instruments company’s stock valued at $6,979,000 after acquiring an additional 1,907 shares during the period. 93.66% of the stock is currently owned by institutional investors.
Itron, Inc. (NASDAQ ITRI) remained flat at $78.20 during midday trading on Friday. 57,325 shares of the company’s stock were exchanged. Itron, Inc. has a 12 month low of $51.55 and a 12 month high of $79.50. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 96.78 and a beta of 1.10. The firm’s 50 day moving average price is $74.92 and its 200-day moving average price is $69.37.
Itron (NASDAQ:ITRI) last issued its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.03. Itron had a net margin of 1.60% and a return on equity of 15.43%. The business had revenue of $503.10 million during the quarter, compared to analysts’ expectations of $491.80 million. During the same period in the previous year, the company earned $0.65 earnings per share. Itron’s revenue for the quarter was down 1.9% on a year-over-year basis. Equities research analysts forecast that Itron, Inc. will post $3.07 earnings per share for the current fiscal year.
A number of equities analysts have recently commented on the stock. JMP Securities set a $102.00 target price on shares of Itron and gave the company a “buy” rating in a research note on Thursday. Canaccord Genuity reissued a “hold” rating and issued a $78.00 target price on shares of Itron in a research note on Friday, October 6th. Zacks Investment Research downgraded shares of Itron from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Robert W. Baird reissued a “hold” rating and issued a $77.00 target price on shares of Itron in a research note on Tuesday, September 12th. Finally, Argus reissued a “buy” rating and issued a $80.00 target price (up previously from $78.00) on shares of Itron in a research note on Tuesday, September 12th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target 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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