Aperio Group LLC lifted its stake in Itron, Inc. (NASDAQ:ITRI) by 6.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,696 shares of the scientific and technical instruments company’s stock after buying an additional 1,991 shares during the quarter. Aperio Group LLC owned approximately 0.08% of Itron worth $1,971,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Itron in the second quarter worth $271,000. Cubist Systematic Strategies LLC lifted its holdings in shares of Itron by 21.6% in the second quarter. Cubist Systematic Strategies LLC now owns 5,125 shares of the scientific and technical instruments company’s stock worth $308,000 after buying an additional 909 shares in the last quarter. CAPROCK Group Inc. raised its stake in Itron by 28.7% during the second quarter. CAPROCK Group Inc. now owns 6,035 shares of the scientific and technical instruments company’s stock valued at $362,000 after purchasing an additional 1,346 shares in the last quarter. Ramsey Quantitative Systems raised its stake in Itron by 43.4% during the third quarter. Ramsey Quantitative Systems now owns 6,162 shares of the scientific and technical instruments company’s stock valued at $396,000 after purchasing an additional 1,866 shares in the last quarter. Finally, Zebra Capital Management LLC purchased a new stake in Itron during the second quarter valued at $431,000. 93.73% of the stock is currently owned by hedge funds and other institutional investors.
Itron stock opened at $53.99 on Friday. The firm has a market cap of $2.03 billion, a P/E ratio of 17.64, a price-to-earnings-growth ratio of 0.97 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, Inc. has a 52-week low of $49.59 and a 52-week high of $77.40.
Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Monday, November 5th. The scientific and technical instruments company reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.24. Itron had a negative net margin of 5.19% and a positive return on equity of 15.20%. The business 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 business posted $0.77 earnings per share. The business’s revenue was up 22.4% compared to the same quarter last year. On average, equities research analysts predict that Itron, Inc. will post 2.46 earnings per share for the current fiscal year.
In other Itron news, insider Philip Mezey sold 16,694 shares of the business’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $65.04, for a total transaction of $1,085,777.76. Following the transaction, the insider now owns 93,341 shares in the company, valued at $6,070,898.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.03% of the company’s stock.
A number of equities research analysts recently issued reports on ITRI shares. JMP Securities set a $80.00 price target on shares of Itron and gave the company a “buy” rating in a research note on Tuesday. BidaskClub downgraded shares of Itron from a “sell” rating to a “strong sell” rating in a research note on Friday, July 27th. ValuEngine downgraded shares of Itron from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. Argus downgraded shares of Itron from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Cowen set a $80.00 price target on shares of Itron and gave the company a “buy” rating in a research note on Monday, August 6th. Three analysts have rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $77.00.
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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