New York State Teachers Retirement System maintained its position in Itron Inc. (NASDAQ:ITRI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,315 shares of the company’s stock at the end of the second quarter. New York State Teachers Retirement System’s holdings in Itron were worth $3,763,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Pacad Investment Ltd. acquired a new position in Itron during the first quarter worth approximately $242,000. Chilton Capital Management LLC acquired a new position in Itron during the first quarter worth approximately $317,000. HBK Investments L P acquired a new position in Itron during the first quarter worth approximately $397,000. Alpha Windward LLC acquired a new position in Itron during the second quarter worth approximately $416,000. Finally, Royal Bank of Canada boosted its position in Itron by 79.6% in the first quarter. Royal Bank of Canada now owns 10,617 shares of the company’s stock worth $442,000 after buying an additional 4,706 shares in the last quarter. 96.92% of the stock is currently owned by institutional investors.
Itron Inc. (NASDAQ:ITRI) traded down 0.72% during trading on Friday, hitting $56.31. The stock had a trading volume of 198,796 shares. The company’s 50 day moving average is $52.99 and its 200-day moving average is $45.30. Itron Inc. has a 12 month low of $29.02 and a 12 month high of $57.25. The company has a market cap of $2.15 billion, a PE ratio of 42.09 and a beta of 1.44.
Itron (NASDAQ:ITRI) last posted its earnings results on Thursday, September 1st. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.43 by $0.22. The firm had revenue of $513.02 million for the quarter. Itron had a return on equity of 10.94% and a net margin of 2.62%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same period last year, the business earned ($0.39) earnings per share. On average, equities research analysts predict that Itron Inc. will post $2.37 earnings per share for the current year.
A number of research analysts recently commented on the company. Robert W. Baird set a $56.00 price target on Itron and gave the stock a “buy” rating in a report on Sunday, September 4th. Needham & Company LLC boosted their price target on Itron from $46.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, September 2nd. Zacks Investment Research downgraded Itron from a “buy” rating to a “hold” rating in a research note on Tuesday, July 5th. Cowen and Company reaffirmed a “market perform” rating and issued a $50.00 price objective (up previously from $45.00) on shares of Itron in a research note on Sunday, September 4th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $57.00 price objective (up previously from $50.00) on shares of Itron in a research note on Friday, September 2nd. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $54.71.
In other Itron news, Director Jon E. Eliassen sold 1,000 shares of the stock in a transaction that occurred on Thursday, October 6th. The stock was sold at an average price of $56.98, for a total transaction of $56,980.00. Following the transaction, the director now owns 16,492 shares in the company, valued at $939,714.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas S. Glanville sold 4,000 shares of the stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $53.15, for a total value of $212,600.00. Following the transaction, the director now owns 20,783 shares in the company, valued at approximately $1,104,616.45. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.
Itron, Inc (Itron) is a technology and service company. The Company provides solutions that measure, manage, and analyze energy and water use. The Company operates through three segments: Electricity, Gas and Water. The Company is the supplier of electricity metering solutions, including standard meters and advanced and smart metering systems.
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