Itron, Inc. (ITRI) Shares Bought by National Investment Services Inc. WI

National Investment Services Inc. WI raised its position in shares of Itron, Inc. (NASDAQ:ITRI) by 69.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,066 shares of the scientific and technical instruments company’s stock after purchasing an additional 4,551 shares during the quarter. National Investment Services Inc. WI’s holdings in Itron were worth $665,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Municipal Employees Retirement System of Michigan grew its stake in Itron by 5.7% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 13,630 shares of the scientific and technical instruments company’s stock valued at $975,000 after purchasing an additional 740 shares during the last quarter. Flinton Capital Management LLC lifted its holdings in shares of Itron by 22.7% in the 4th quarter. Flinton Capital Management LLC now owns 4,536 shares of the scientific and technical instruments company’s stock valued at $309,000 after buying an additional 840 shares during the period. Profund Advisors LLC lifted its holdings in shares of Itron by 17.9% in the 4th quarter. Profund Advisors LLC now owns 5,606 shares of the scientific and technical instruments company’s stock valued at $382,000 after buying an additional 852 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Itron by 1.4% in the 1st quarter. Wells Fargo & Company MN now owns 65,367 shares of the scientific and technical instruments company’s stock valued at $4,676,000 after buying an additional 933 shares during the period. Finally, Swiss National Bank lifted its holdings in shares of Itron by 2.1% in the 4th quarter. Swiss National Bank now owns 58,600 shares of the scientific and technical instruments company’s stock valued at $3,997,000 after buying an additional 1,200 shares during the period. Institutional investors and hedge funds own 94.60% of the company’s stock.

In other news, major shareholder Scopia Capital Management Lp bought 128,620 shares of Itron stock in a transaction on Wednesday, May 23rd. The stock was acquired at an average price of $59.66 per share, with a total value of $7,673,469.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Philip Mezey sold 16,694 shares of the stock in a transaction that occurred on Tuesday, May 1st. The shares were sold at an average price of $65.15, for a total value of $1,087,614.10. Following the transaction, the insider now directly owns 93,341 shares of the company’s stock, valued at approximately $6,081,166.15. The disclosure for this sale can be found here. Corporate insiders own 2.32% of the company’s stock.

Several brokerages have recently issued reports on ITRI. BidaskClub raised Itron from a “strong sell” rating to a “sell” rating in a report on Thursday. Zacks Investment Research cut Itron from a “hold” rating to a “sell” rating in a report on Monday, June 18th. Canaccord Genuity set a $84.00 price objective on Itron and gave the company a “buy” rating in a report on Wednesday, June 6th. ValuEngine cut Itron from a “hold” rating to a “sell” rating in a report on Thursday, May 17th. Finally, TheStreet cut Itron from a “b” rating to a “c” rating in a report on Monday, May 14th. Three analysts have rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. Itron currently has a consensus rating of “Hold” and an average target price of $83.60.

NASDAQ ITRI traded down $0.15 during trading hours on Monday, reaching $59.90. The company’s stock had a trading volume of 9,790 shares, compared to its average volume of 317,011. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 0.95 and a beta of 0.95. Itron, Inc. has a 1-year low of $56.70 and a 1-year high of $79.95. The company has a current ratio of 1.46, a quick ratio of 1.13 and a debt-to-equity ratio of 1.57.

Itron (NASDAQ:ITRI) last released its quarterly earnings results on Monday, May 14th. The scientific and technical instruments company reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. The company had revenue of $607.00 million during the quarter, compared to analysts’ expectations of $575.74 million. Itron had a positive return on equity of 13.59% and a negative net margin of 4.85%. Itron’s quarterly revenue was up 27.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 EPS. equities analysts predict that Itron, Inc. will post 3.02 EPS for the current fiscal year.

About Itron

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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