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

Schroder Investment Management Group lifted its stake in Itron, Inc. (NASDAQ:ITRI – Get Rating) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,420,328 shares of the scientific and technical instruments company’s stock after purchasing an additional 16,241 shares during the period. Schroder Investment Management Group owned about 3.14% of Itron worth $71,940,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ITRI. Quadrant Capital Group LLC grew 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 worth $36,000 after acquiring an additional 589 shares in the last quarter. Van ECK Associates Corp grew 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 worth $36,000 after acquiring an additional 303 shares in the last quarter. Luken Investment Analytics LLC bought a new position in Itron during the 4th quarter worth about $46,000. US Bancorp DE lifted its position in shares of Itron by 30.7% during the first quarter. US Bancorp DE now owns 1,040 shares of the scientific and technical instruments company’s stock valued at $54,000 after buying an additional 244 shares during the last quarter. Finally, Toroso Investments LLC lifted its position in shares of Itron by 31.8% during the third 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 currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on ITRI. Raymond James raised their price target on shares of Itron from $57.00 to $60.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, February 28th. EF Hutton Acquisition Co. I restated a “buy” rating and issued a $60.00 price objective on shares of Itron in a report on Tuesday, February 28th. JPMorgan Chase & Co. lowered Itron from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $53.00 to $50.00 in a report on Friday, March 3rd. Robert W. Baird lifted their price target on Itron from $52.00 to $63.00 in a report on Friday, May 5th. Finally, Stephens reiterated an “equal weight” rating and set a $45.00 price target on shares of Itron in a report on Tuesday, February 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $59.00.

Itron Stock Up 0.1 %

Shares of ITRI opened at $65.14 on Friday. The firm has a market cap of $2.96 billion, a P/E ratio of -130.10 and a beta of 1.34. The company has a current ratio of 1.68, a quick ratio of 1.19 and a debt-to-equity ratio of 0.38. The company’s 50-day moving average price is $57.33 and its 200 day moving average price is $55.31. Itron, Inc. has a 12-month low of $39.38 and a 12-month high of $69.35.

Itron (NASDAQ:ITRI – Get Rating) last released its earnings results on Thursday, May 4th. The scientific and technical instruments company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.38. The company had revenue of $494.62 million during 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%. Itron’s revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 EPS. On average, sell-side analysts forecast that Itron, Inc. will post 1.4 earnings per share for the current year.

Insider Buying and Selling at Itron

In other Itron 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 value 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 document filed with the SEC, which is available through this link. In other news, SVP Donald L. Reeves III sold 641 shares of the company’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Donald L. Reeves III sold 903 shares of the company’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $55.52, for a total value of $50,134.56. Following the transaction, the senior vice president now directly owns 10,820 shares in the company, valued at approximately $600,726.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,124 shares of company stock worth $225,454. 1.47% of the stock is owned by insiders.

About Itron

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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.