Resources Management Corp CT ADV boosted its stake in shares of Itron, Inc. (NASDAQ:ITRI – Get Rating) by 3.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,650 shares of the scientific and technical instruments company's stock after acquiring an additional 591 shares during the quarter. Resources Management Corp CT ADV's holdings in Itron were worth $982,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp increased its position in shares of Itron by 8.5% during the 4th quarter. State Street Corp now owns 1,606,096 shares of the scientific and technical instruments company's stock valued at $110,050,000 after purchasing an additional 125,257 shares during the last quarter. Invesco Ltd. raised its stake in shares of Itron by 1.6% in the fourth quarter. Invesco Ltd. now owns 1,487,427 shares of the scientific and technical instruments company's stock valued at $101,918,000 after acquiring an additional 23,017 shares during the period. Allianz Asset Management GmbH lifted its holdings in shares of Itron by 5.0% in the 4th quarter. Allianz Asset Management GmbH now owns 1,275,976 shares of the scientific and technical instruments company's stock worth $87,404,000 after acquiring an additional 61,241 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Itron by 13.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,043,908 shares of the scientific and technical instruments company's stock worth $54,994,000 after purchasing an additional 123,400 shares during the period. Finally, First Trust Advisors LP grew its holdings in Itron by 12.5% during the 1st quarter. First Trust Advisors LP now owns 991,633 shares of the scientific and technical instruments company's stock valued at $52,239,000 after purchasing an additional 110,107 shares during the last quarter. 97.36% of the stock is currently owned by hedge funds and other institutional investors.
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Analysts Set New Price Targets
Several analysts have issued reports on the stock. Stephens downgraded shares of Itron from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $65.00 to $55.00 in a research note on Friday, August 5th. JPMorgan Chase & Co. cut Itron from an "overweight" rating to a "neutral" rating and set a $65.00 price objective for the company. in a report on Monday, August 8th. Cowen decreased their target price on Itron to $68.00 in a research report on Tuesday, August 9th. Piper Sandler cut their price target on shares of Itron from $51.00 to $50.00 and set a "neutral" rating on the stock in a report on Tuesday, July 19th. Finally, StockNews.com lowered shares of Itron from a "buy" rating to a "hold" rating in a report on Friday, August 5th. Eight analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $64.67.
Itron Trading Down 0.1 %
NASDAQ:ITRI opened at $49.81 on Thursday. The firm has a 50-day simple moving average of $50.91 and a 200-day simple moving average of $50.06. Itron, Inc. has a one year low of $43.18 and a one year high of $81.36. The firm has a market cap of $2.25 billion, a P/E ratio of -23.28 and a beta of 1.29. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.26 and a current ratio of 1.64.
Itron (NASDAQ:ITRI – Get Rating) last issued its quarterly earnings data on Thursday, August 4th. The scientific and technical instruments company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.14). Itron had a positive return on equity of 4.45% and a negative net margin of 5.15%. The business had revenue of $431.88 million during the quarter, compared to the consensus estimate of $488.53 million. During the same period last year, the firm earned $0.28 EPS. The business's quarterly revenue was down 11.8% on a year-over-year basis. Equities analysts anticipate that Itron, Inc. will post 0.77 EPS for the current fiscal year.
Itron Profile
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Itron, Inc, a technology and service company, provides end-to-end solutions that help manage operations in the energy, water, and smart city space worldwide. The company operates through three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing.
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