State of Wisconsin Investment Board reduced its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 8.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 113,000 shares of the scientific and technical instruments company’s stock after selling 10,253 shares during the period. State of Wisconsin Investment Board’s holdings in Itron were worth $7,707,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its position in shares of Itron by 2.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,610 shares of the scientific and technical instruments company’s stock worth $109,000 after purchasing an additional 31 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Itron during the 3rd quarter worth $152,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Itron during the 3rd quarter worth $218,000. Teacher Retirement System of Texas purchased a new stake in shares of Itron during the 3rd quarter worth $221,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Itron during the 3rd quarter worth $219,000. Institutional investors own 92.44% of the company’s stock.
In related news, COO Thomas Deitrich sold 11,899 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $69.27, for a total value of $824,243.73. Following the completion of the transaction, the chief operating officer now owns 82,776 shares of the company’s stock, valued at approximately $5,733,893.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Scopia Capital Management Lp bought 541,753 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was purchased at an average cost of $69.44 per share, with a total value of $37,619,328.32. The disclosure for this purchase can be found here. Insiders purchased a total of 750,261 shares of company stock worth $51,839,736 over the last quarter. Insiders own 2.03% of the company’s stock.
Shares of Itron, Inc. (NASDAQ ITRI) opened at $70.80 on Wednesday. Itron, Inc. has a 1 year low of $57.80 and a 1 year high of $79.95. The company has a quick ratio of 1.26, a current ratio of 1.67 and a debt-to-equity ratio of 0.38. The company has a market cap of $2,726.25, a PE ratio of 25.79, a P/E/G ratio of 1.08 and a beta of 1.02.
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Itron Company Profile
Itron, Inc is a technology and service company. The Company provides solutions that measure, manage and analyze energy and water use. It also provides the Internet of things. 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.
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