Public Employees Retirement Association of Colorado Has $523,000 Position in Itron, Inc. (ITRI)

Public Employees Retirement Association of Colorado maintained its stake in shares of Itron, Inc. (NASDAQ:ITRI) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 7,717 shares of the scientific and technical instruments company’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado’s holdings in Itron were worth $523,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. LS Investment Advisors LLC boosted its stake in shares of Itron by 56.2% in the first quarter. LS Investment Advisors LLC now owns 1,892 shares of the scientific and technical instruments company’s stock worth $115,000 after buying an additional 681 shares during the period. SG Americas Securities LLC boosted its stake in shares of Itron by 1.5% in the first quarter. SG Americas Securities LLC now owns 2,366 shares of the scientific and technical instruments company’s stock worth $144,000 after buying an additional 36 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Itron by 21.7% in the first quarter. Envestnet Asset Management Inc. now owns 2,492 shares of the scientific and technical instruments company’s stock worth $152,000 after buying an additional 444 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in shares of Itron during the first quarter worth approximately $175,000. Finally, State of Alaska Department of Revenue boosted its stake in shares of Itron by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 3,680 shares of the scientific and technical instruments company’s stock worth $223,000 after buying an additional 80 shares during the period. Hedge funds and other institutional investors own 95.25% of the company’s stock.

Itron, Inc. (ITRI) opened at 70.40 on Wednesday. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 87.13 and a beta of 1.10. Itron, Inc. has a 52-week low of $47.58 and a 52-week high of $75.60. The stock has a 50 day moving average price of $71.76 and a 200 day moving average price of $66.13.

Itron (NASDAQ:ITRI) last issued its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.03. Itron had a return on equity of 15.43% and a net margin of 1.60%. The company had revenue of $503.10 million for the quarter, compared to the consensus estimate of $491.80 million. During the same quarter last year, the company earned $0.65 earnings per share. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. Analysts expect that Itron, Inc. will post $3.07 EPS for the current fiscal year.

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A number of analysts have recently commented on the stock. Zacks Investment Research cut shares of Itron from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Needham & Company LLC restated a “buy” rating and set a $84.00 target price (up previously from $74.00) on shares of Itron in a report on Thursday, August 3rd. BidaskClub upgraded shares of Itron from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $78.00 target price (up previously from $75.00) on shares of Itron in a report on Friday, August 4th. Finally, Cowen and Company set a $74.00 target price on shares of Itron and gave the company a “hold” rating in a report on Thursday, August 3rd. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Itron presently has a consensus rating of “Buy” and a consensus target price of $79.00.

About Itron

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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