Itron, Inc. (ITRI) Position Decreased by Robecosam AG

Robecosam AG trimmed its stake in Itron, Inc. (NASDAQ:ITRI) by 12.4% during the third quarter, HoldingsChannel reports. The fund owned 425,000 shares of the scientific and technical instruments company’s stock after selling 60,000 shares during the quarter. Robecosam AG’s holdings in Itron were worth $27,370,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. Scopia Capital Management LP raised its stake in shares of Itron by 5.0% in the 2nd 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 acquiring an additional 262,749 shares in the last quarter. BlackRock Inc. increased its position in Itron by 8.2% in the 2nd quarter. BlackRock Inc. now owns 5,056,574 shares of the scientific and technical instruments company’s stock worth $303,648,000 after buying an additional 384,272 shares during the period. Bank of New York Mellon Corp increased its position in Itron by 2.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,156,253 shares of the scientific and technical instruments company’s stock worth $69,432,000 after buying an additional 22,218 shares during the period. Frontier Capital Management Co. LLC increased its position in Itron by 2.5% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 803,949 shares of the scientific and technical instruments company’s stock worth $51,614,000 after buying an additional 19,962 shares during the period. Finally, First Trust Advisors LP increased its position in Itron by 52.1% in the 2nd quarter. First Trust Advisors LP now owns 575,715 shares of the scientific and technical instruments company’s stock worth $34,572,000 after buying an additional 197,199 shares during the period. 93.98% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Philip Mezey sold 16,694 shares of Itron 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 approximately $6,070,898.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.32% of the stock is currently owned by company insiders.

Several research analysts have commented on ITRI shares. BidaskClub downgraded Itron from a “sell” rating to a “strong sell” rating in a research report on Friday, July 27th. ValuEngine downgraded Itron from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Cowen set a $80.00 price target on Itron and gave the stock a “buy” rating in a research report on Monday, August 6th. Zacks Investment Research raised Itron from a “sell” rating to a “hold” rating in a research report on Monday, July 16th. Finally, Guggenheim set a $73.00 price target on Itron and gave the stock a “buy” rating in a research report on Monday, August 6th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $80.18.

Shares of NASDAQ ITRI opened at $52.74 on Wednesday. The company has a current ratio of 1.51, a quick ratio of 1.18 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 0.86 and a beta of 0.86. Itron, Inc. has a 12 month low of $49.85 and a 12 month high of $79.95.

Itron (NASDAQ:ITRI) last announced its quarterly earnings data on Monday, August 6th. The scientific and technical instruments company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.02. Itron had a positive return on equity of 12.86% and a negative net margin of 5.18%. The company had revenue of $585.89 million for the quarter, compared to analyst estimates of $592.12 million. During the same quarter last year, the firm earned $0.71 EPS. Itron’s revenue for the quarter was up 16.5% compared to the same quarter last year. On average, research analysts forecast that Itron, Inc. will post 2.79 earnings per share for the current fiscal year.

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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