Landscape Capital Management L.L.C. purchased a new position in shares of Itron, Inc. (NASDAQ:ITRI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 13,099 shares of the scientific and technical instruments company’s stock, valued at approximately $893,000.
Several other hedge funds also recently made changes to their positions in ITRI. Royal Bank of Canada boosted its holdings in Itron by 10.9% in the second quarter. Royal Bank of Canada now owns 3,042 shares of the scientific and technical instruments company’s stock worth $206,000 after purchasing an additional 299 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Itron by 2.3% in the second quarter. The Manufacturers Life Insurance Company now owns 26,384 shares of the scientific and technical instruments company’s stock valued at $1,788,000 after buying an additional 602 shares during the last quarter. Dubuque Bank & Trust Co. lifted its stake in Itron by 12.9% in the fourth quarter. Dubuque Bank & Trust Co. now owns 7,186 shares of the scientific and technical instruments company’s stock valued at $490,000 after buying an additional 823 shares during the last quarter. NorthCoast Asset Management LLC raised its stake in shares of Itron by 9.4% during the third quarter. NorthCoast Asset Management LLC now owns 9,840 shares of the scientific and technical instruments company’s stock valued at $762,000 after purchasing an additional 849 shares in the last quarter. Finally, Chicago Equity Partners LLC raised its stake in shares of Itron by 2.5% during the third quarter. Chicago Equity Partners LLC now owns 35,705 shares of the scientific and technical instruments company’s stock valued at $2,765,000 after purchasing an additional 855 shares in the last quarter. Institutional investors and hedge funds own 95.34% of the company’s stock.
ITRI has been the topic of a number of analyst reports. BidaskClub raised Itron from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. ValuEngine raised Itron from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. JMP Securities set a $108.00 target price on Itron and gave the company a “buy” rating in a research note on Thursday, March 1st. Cowen raised Itron from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $80.00 to $84.00 in a research note on Thursday, March 1st. Finally, Canaccord Genuity upgraded Itron from a “hold” rating to a “buy” rating and boosted their target price for the stock from $78.00 to $84.00 in a report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $84.18.
Shares of Itron, Inc. (NASDAQ ITRI) traded down $1.90 on Wednesday, hitting $74.60. The stock had a trading volume of 294,061 shares, compared to its average volume of 251,954. Itron, Inc. has a twelve month low of $58.30 and a twelve month high of $79.95. The company has a quick ratio of 1.29, a current ratio of 1.67 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $2,890.00, a price-to-earnings ratio of 33.45, a PEG ratio of 1.18 and a beta of 1.03.
Itron (NASDAQ:ITRI) last released its earnings results on Wednesday, February 28th. The scientific and technical instruments company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.08. The firm had revenue of $550.78 million for the quarter, compared to analyst estimates of $532.61 million. Itron had a return on equity of 15.84% and a net margin of 2.84%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 earnings per share. equities analysts predict that Itron, Inc. will post 3.05 EPS for the current fiscal year.
In other news, Director Thomas S. Glanville sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $74.02, for a total value of $148,040.00. Following the completion of the sale, the director now directly owns 13,390 shares of the company’s stock, valued at $991,127.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Shannon M. Votava sold 6,661 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $71.58, for a total value of $476,794.38. Following the completion of the sale, the vice president now directly owns 16,459 shares of the company’s stock, valued at $1,178,135.22. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 119,835 shares of company stock valued at $8,222,478 and have sold 16,708 shares valued at $1,187,652. 2.03% of the stock is currently owned by company insiders.
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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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