Ameritas Investment Partners Inc. Invests $175,000 in Itron, Inc. (ITRI)

Ameritas Investment Partners Inc. bought a new stake in Itron, Inc. (NASDAQ:ITRI) during the first quarter, Holdings Channel reports. The institutional investor bought 2,889 shares of the scientific and technical instruments company’s stock, valued at approximately $175,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State of Alaska Department of Revenue increased its position in shares of Itron by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 3,680 shares of the scientific and technical instruments company’s stock worth $223,000 after buying an additional 80 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Itron by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 13,600 shares of the scientific and technical instruments company’s stock worth $826,000 after buying an additional 200 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Itron by 2.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 22,967 shares of the scientific and technical instruments company’s stock worth $1,394,000 after buying an additional 541 shares in the last quarter. LS Investment Advisors LLC increased its position in shares of Itron by 56.2% in the first quarter. LS Investment Advisors LLC now owns 1,892 shares of the scientific and technical instruments company’s stock worth $115,000 after buying an additional 681 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. increased its position in shares of Itron by 6.6% in the first quarter. Bbva Compass Bancshares Inc. now owns 12,909 shares of the scientific and technical instruments company’s stock worth $783,000 after buying an additional 796 shares in the last quarter. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

Itron, Inc. (NASDAQ:ITRI) opened at 69.15 on Tuesday. The company’s 50-day moving average price is $67.18 and its 200-day moving average price is $63.64. The firm has a market capitalization of $2.67 billion, a P/E ratio of 71.88 and a beta of 1.15. Itron, Inc. has a 1-year low of $40.12 and a 1-year high of $71.95.

Itron (NASDAQ:ITRI) last posted its earnings results on Wednesday, May 3rd. The scientific and technical instruments company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. Itron had a net margin of 1.88% and a return on equity of 15.51%. The business had revenue of $477.59 million during the quarter, compared to the consensus estimate of $454.20 million. Equities research analysts expect that Itron, Inc. will post $3.01 earnings per share for the current fiscal year.

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A number of research analysts have recently issued reports on ITRI shares. TheStreet raised Itron from a “c+” rating to a “b+” rating in a research note on Tuesday, February 28th. Robert W. Baird set a $73.00 price objective on Itron and gave the company a “buy” rating in a research note on Thursday, March 2nd. Oppenheimer Holdings, Inc. set a $70.00 price objective on Itron and gave the company a “buy” rating in a research note on Wednesday, March 1st. Needham & Company LLC boosted their price objective on Itron from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, March 1st. Finally, Zacks Investment Research raised Itron from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Tuesday, May 2nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $69.43.

Itron Company Profile

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. It provides a portfolio of products, solutions, software and services to electric, gas and water utility customers across the globe.

Want to see what other hedge funds are holding ITRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Itron, Inc. (NASDAQ:ITRI).

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