Schroder Investment Management Group Purchases 16,241 Shares of Itron, Inc. (NASDAQ:ITRI)

Schroder Investment Management Group grew its position in Itron, Inc. (NASDAQ:ITRI – Get Rating) by 1.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,420,328 shares of the scientific and technical instruments company’s stock after buying an additional 16,241 shares during the period. Schroder Investment Management Group’s holdings in Itron were worth $71,940,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of ITRI. Quadrant Capital Group LLC increased its holdings in Itron by 230.1% during the 3rd quarter. Quadrant Capital Group LLC now owns 845 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 589 shares in the last quarter. Van ECK Associates Corp increased its holdings in Itron by 74.1% during the 4th quarter. Van ECK Associates Corp now owns 712 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 303 shares in the last quarter. Luken Investment Analytics LLC acquired a new stake in Itron during the 4th quarter valued at $46,000. US Bancorp DE increased its holdings in Itron by 30.7% during the 1st quarter. US Bancorp DE now owns 1,040 shares of the scientific and technical instruments company’s stock valued at $54,000 after purchasing an additional 244 shares in the last quarter. Finally, Toroso Investments LLC boosted its position in Itron by 31.8% in the 3rd quarter. Toroso Investments LLC now owns 1,776 shares of the scientific and technical instruments company’s stock valued at $75,000 after buying an additional 428 shares during the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

Itron Price Performance

Shares of NASDAQ ITRI opened at $65.14 on Friday. The business’s 50 day moving average price is $57.33 and its two-hundred day moving average price is $55.31. The company has a market cap of $2.96 billion, a PE ratio of -130.10 and a beta of 1.34. The company has a quick ratio of 1.19, a current ratio of 1.68 and a debt-to-equity ratio of 0.38. Itron, Inc. has a twelve month low of $39.38 and a twelve month high of $69.35.

Itron (NASDAQ:ITRI – Get Rating) last announced its quarterly earnings results on Thursday, May 4th. The scientific and technical instruments company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.38. The firm had revenue of $494.62 million for the quarter, compared to the consensus estimate of $464.26 million. Itron had a positive return on equity of 5.88% and a negative net margin of 1.24%. The business’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.11 earnings per share. On average, analysts predict that Itron, Inc. will post 1.4 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. JPMorgan Chase & Co. lowered Itron from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $53.00 to $50.00 in a research report on Friday, March 3rd. Stephens restated an “equal weight” rating and issued a $45.00 price target on shares of Itron in a research report on Tuesday, February 28th. Cowen raised their price target on Itron from $55.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, February 2nd. StockNews.com began coverage on Itron in a report on Thursday, May 18th. They set a “buy” rating on the stock. Finally, Robert W. Baird lifted their target price on Itron from $52.00 to $63.00 in a report on Friday, May 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $59.00.

Insider Transactions at Itron

In other news, SVP Donald L. Reeves III sold 641 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $56.04, for a total transaction of $35,921.64. Following the completion of the sale, the senior vice president now owns 11,970 shares in the company, valued at $670,798.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Thomas Deitrich sold 1,516 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $54.03, for a total value of $81,909.48. Following the completion of the sale, the chief executive officer now directly owns 172,780 shares in the company, valued at $9,335,303.40. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Donald L. Reeves III sold 641 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $56.04, for a total value of $35,921.64. Following the completion of the sale, the senior vice president now owns 11,970 shares of the company’s stock, valued at $670,798.80. The disclosure for this sale can be found here. Insiders sold a total of 4,124 shares of company stock worth $225,454 over the last quarter. Company insiders own 1.47% of the company’s stock.

Itron Company Profile

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Itron, Inc is a technology and services company, which engages in the provision of solutions that measure, manage, and analyze energy and water use. It operates through the following segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment includes hardware products used for measurement, control, or sensing that do not have communications capability embedded for use with its broader Itron systems.