Sei Investments Co. lessened its holdings in Itron, Inc. (NASDAQ:ITRI) by 25.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,022 shares of the scientific and technical instruments company’s stock after selling 17,800 shares during the period. Sei Investments Co. owned approximately 0.14% of Itron worth $3,616,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Macquarie Group Ltd. acquired a new position in shares of Itron during the 3rd quarter worth about $152,000. Royal Bank of Canada increased its stake in shares of 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 worth $206,000 after purchasing an additional 299 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of Itron during the 3rd quarter worth about $218,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Itron during the 3rd quarter worth about $219,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of Itron during the 3rd quarter worth about $221,000. 95.34% of the stock is owned by institutional investors.
Several analysts recently commented on the stock. BidaskClub downgraded shares of Itron from a “buy” rating to a “hold” rating in a report on Friday, December 22nd. Argus cut shares of Itron from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. UBS Group began coverage on shares of Itron in a research report on Tuesday, January 2nd. They issued a “strong-buy” rating and a $84.00 target price for the company. Cowen upgraded shares of Itron from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $80.00 to $84.00 in a research report on Thursday, March 1st. Finally, Canaccord Genuity reiterated a “hold” rating and set a $78.00 price objective on shares of Itron in a research report on Wednesday, December 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $84.18.
In other Itron news, major shareholder Scopia Capital Management Lp purchased 2,160 shares of Itron stock in a transaction dated Thursday, December 14th. The stock was purchased at an average price of $69.91 per share, with a total value of $151,005.60. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas S. Glanville sold 2,000 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $74.02, for a total transaction of $148,040.00. Following the sale, the director now directly owns 13,390 shares of the company’s stock, valued at approximately $991,127.80. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 119,835 shares of company stock worth $8,222,478 and have sold 16,708 shares worth $1,187,652. Insiders own 2.03% of the company’s stock.
Shares of Itron, Inc. (NASDAQ ITRI) traded down $1.90 during trading on Wednesday, reaching $74.60. 294,061 shares of the company’s stock traded hands, compared to its average volume of 251,954. The company 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, Inc. has a twelve month low of $58.30 and a twelve month high of $79.95. The company has a current ratio of 1.67, a quick ratio of 1.29 and a debt-to-equity ratio of 0.74.
Itron (NASDAQ:ITRI) last issued its earnings results on Wednesday, February 28th. The scientific and technical instruments company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.93 by $0.08. Itron had a net margin of 2.84% and a return on equity of 15.84%. The company had revenue of $550.78 million for the quarter, compared to the consensus estimate of $532.61 million. During the same period in the previous year, the firm earned $0.68 earnings per share. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. analysts anticipate that Itron, Inc. will post 3.05 EPS for the current year.
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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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