Itron, Inc. (ITRI) Stake Decreased by Texas Permanent School Fund

Texas Permanent School Fund lessened its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 5.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,018 shares of the scientific and technical instruments company’s stock after selling 1,247 shares during the period. Texas Permanent School Fund owned 0.05% of Itron worth $1,349,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Scopia Capital Management LP raised its holdings in shares of Itron by 5.0% during the second quarter. Scopia Capital Management LP now owns 5,484,889 shares of the scientific and technical instruments company’s stock valued at $329,368,000 after buying an additional 262,749 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Itron by 8.2% during the second quarter. BlackRock Inc. now owns 5,056,574 shares of the scientific and technical instruments company’s stock valued at $303,648,000 after buying an additional 384,272 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Itron by 2.0% during the second quarter. Bank of New York Mellon Corp now owns 1,156,253 shares of the scientific and technical instruments company’s stock valued at $69,432,000 after buying an additional 22,218 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Itron by 52.1% during the second quarter. First Trust Advisors LP now owns 575,715 shares of the scientific and technical instruments company’s stock valued at $34,572,000 after buying an additional 197,199 shares during the last quarter. Finally, Robecosam AG raised its holdings in shares of Itron by 40.6% during the second quarter. Robecosam AG now owns 485,000 shares of the scientific and technical instruments company’s stock valued at $28,955,000 after buying an additional 140,000 shares during the last quarter. 93.73% of the stock is currently owned by institutional investors.

ITRI has been the topic of a number of recent analyst reports. Guggenheim set a $73.00 price target on Itron and gave the company a “buy” rating in a report on Monday, August 6th. Cowen set a $80.00 price target on Itron and gave the company a “buy” rating in a report on Monday, August 6th. Argus raised Itron from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Wednesday, August 22nd. JMP Securities set a $80.00 target price on Itron and gave the stock a “buy” rating in a report on Tuesday. Finally, Zacks Investment Research raised Itron from a “sell” rating to a “hold” rating in a report on Thursday, August 9th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $77.00.

In related news, insider Philip Mezey sold 16,694 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $65.04, for a total transaction of $1,085,777.76. Following the sale, the insider now owns 93,341 shares of the company’s stock, valued at $6,070,898.64. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.03% of the stock is owned by insiders.

Shares of NASDAQ:ITRI opened at $53.99 on Friday. Itron, Inc. has a 12 month low of $49.59 and a 12 month high of $77.40. The company has a market cap of $2.18 billion, a P/E ratio of 19.86, a PEG ratio of 0.90 and a beta of 1.10. The company has a current ratio of 1.41, a quick ratio of 1.18 and a debt-to-equity ratio of 1.41.

Itron (NASDAQ:ITRI) last announced its earnings results on Monday, November 5th. The scientific and technical instruments company reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.24. Itron had a positive return on equity of 15.20% and a negative net margin of 5.19%. The firm had revenue of $595.96 million for the quarter, compared to analysts’ expectations of $604.98 million. During the same quarter in the previous year, the company earned $0.77 earnings per share. The firm’s quarterly revenue was up 22.4% compared to the same quarter last year. As a group, analysts anticipate that Itron, Inc. will post 2.46 earnings per share for the current fiscal year.

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Itron Profile

Itron, Inc, a technology company, provides end-to-end solutions that measures, manages, and analyzes energy and water use worldwide. The company operates through three segments: Electricity, Gas, and Water. It offers standard electromechanical and electronic, gas, and water and heat meters; and smart electricity, gas, and water meters and communication modules.

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Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

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