Itron, Inc. (ITRI) Holdings Trimmed by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lessened its position in shares of Itron, Inc. (NASDAQ:ITRI) by 12.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 6,740 shares of the scientific and technical instruments company’s stock after selling 977 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Itron were worth $522,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its position in Itron by 2.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,610 shares of the scientific and technical instruments company’s stock valued at $109,000 after purchasing an additional 31 shares during the period. Pacad Investment Ltd. increased its position in Itron by 21.4% during the 2nd quarter. Pacad Investment Ltd. now owns 1,700 shares of the scientific and technical instruments company’s stock valued at $115,000 after purchasing an additional 300 shares during the period. Riverhead Capital Management LLC increased its position in Itron by 74.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,097 shares of the scientific and technical instruments company’s stock valued at $142,000 after purchasing an additional 897 shares during the period. Royal Bank of Canada increased its position in Itron by 10.9% during the 2nd quarter. Royal Bank of Canada now owns 3,042 shares of the scientific and technical instruments company’s stock valued at $206,000 after purchasing an additional 299 shares during the period. Finally, Everence Capital Management Inc. acquired a new stake in Itron during the 2nd quarter valued at approximately $213,000. 93.21% of the stock is owned by institutional investors and hedge funds.

A number of research firms have weighed in on ITRI. Zacks Investment Research downgraded shares of Itron from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Needham & Company LLC reissued a “buy” rating and set a $84.00 target price on shares of Itron in a research report on Friday, November 3rd. JMP Securities set a $102.00 target price on shares of Itron and gave the company a “buy” rating in a research report on Thursday, October 12th. Canaccord Genuity reissued a “hold” rating and set a $78.00 target price on shares of Itron in a research report on Friday, October 6th. Finally, Robert W. Baird reissued a “hold” rating and set a $77.00 target price on shares of Itron in a research report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $81.78.

Itron, Inc. (NASDAQ ITRI) opened at $65.40 on Tuesday. The stock has a market capitalization of $2,581.03, a P/E ratio of 24.41, a price-to-earnings-growth ratio of 1.06 and a beta of 1.07. Itron, Inc. has a twelve month low of $57.80 and a twelve month high of $79.95. The company has a current ratio of 1.67, a quick ratio of 1.26 and a debt-to-equity ratio of 0.38.

Itron (NASDAQ:ITRI) last posted its quarterly earnings results on Wednesday, November 1st. The scientific and technical instruments company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.12). The business had revenue of $486.75 million for the quarter, compared to the consensus estimate of $526.55 million. Itron had a return on equity of 14.84% and a net margin of 3.42%. Itron’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.77 earnings per share. sell-side analysts anticipate that Itron, Inc. will post 2.99 earnings per share for the current fiscal year.

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Itron 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. It provides a portfolio of products, solutions, software and services to electric, gas and water utility customers across the globe.

Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

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