Itron, Inc. (ITRI) Position Boosted by State Street Corp

Itron, Inc. (ITRI) Position Boosted by State Street Corp

State Street Corp raised its stake in Itron, Inc. (NASDAQ:ITRI) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 747,756 shares of the company’s stock after buying an additional 39,033 shares during the period. State Street Corp’s holdings in Itron were worth $46,991,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of ITRI. GAM Holding AG increased its stake in Itron by 16.2% in the third quarter. GAM Holding AG now owns 17,900 shares of the company’s stock valued at $998,000 after buying an additional 2,500 shares in the last quarter. Prudential Financial Inc. increased its stake in Itron by 99.8% in the third quarter. Prudential Financial Inc. now owns 190,881 shares of the company’s stock valued at $10,644,000 after buying an additional 95,360 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Itron by 41.7% in the third quarter. JPMorgan Chase & Co. now owns 87,519 shares of the company’s stock valued at $4,881,000 after buying an additional 25,767 shares in the last quarter. Quantitative Investment Management LLC increased its stake in Itron by 56.9% in the third quarter. Quantitative Investment Management LLC now owns 8,000 shares of the company’s stock valued at $446,000 after buying an additional 2,900 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in Itron by 29.3% in the third quarter. Wells Fargo & Company MN now owns 17,803 shares of the company’s stock valued at $993,000 after buying an additional 4,037 shares in the last quarter. Institutional investors own 93.02% of the company’s stock.

Shares of Itron, Inc. (NASDAQ:ITRI) opened at 64.00 on Friday. The stock has a 50 day moving average price of $62.13 and a 200-day moving average price of $59.93. The company has a market capitalization of $2.45 billion, a P/E ratio of 78.05 and a beta of 1.29. Itron, Inc. has a one year low of $39.01 and a one year high of $66.45.

Itron (NASDAQ:ITRI) last issued its quarterly earnings results on Tuesday, February 28th. The company reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.10. The company had revenue of $495.71 million for the quarter, compared to the consensus estimate of $481.38 million. Itron had a return on equity of 12.89% and a net margin of 1.45%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 EPS. Equities research analysts predict that Itron, Inc. will post $2.97 earnings per share for the current fiscal year.

Several equities research analysts have issued reports on the company. Robert W. Baird restated an “outperform” rating and set a $62.00 price objective on shares of Itron in a report on Saturday, November 19th. Needham & Company LLC lifted their price objective on Itron from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, March 1st. Oppenheimer Holdings Inc. set a $70.00 price objective on Itron and gave the stock a “buy” rating in a report on Wednesday, March 1st. Zacks Investment Research downgraded Itron from a “buy” rating to a “hold” rating in a report on Monday, February 6th. Finally, TheStreet upgraded Itron from a “c+” rating to a “b+” rating in a report on Tuesday, February 28th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $66.43.

In other Itron news, VP Shannon M. Votava sold 957 shares of Itron stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $63.83, for a total value of $61,085.31. Following the transaction, the vice president now directly owns 11,972 shares of the company’s stock, valued at approximately $764,172.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Philip Mezey sold 7,980 shares of Itron stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $64.16, for a total value of $511,996.80. Following the completion of the transaction, the insider now directly owns 97,045 shares in the company, valued at $6,226,407.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,932 shares of company stock worth $770,003. Company insiders own 2.10% of the company’s stock.

Itron Company 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. The Company is the supplier of electricity metering solutions, including standard meters and advanced and smart metering systems.

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