Itron, Inc. (ITRI) Position Maintained by LS Investment Advisors LLC

LS Investment Advisors LLC maintained its stake in shares of Itron, Inc. (NASDAQ:ITRI) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,892 shares of the scientific and technical instruments company’s stock at the end of the second quarter. LS Investment Advisors LLC’s holdings in Itron were worth $128,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Winslow Evans & Crocker Inc. boosted its stake in shares of Itron by 44.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 7,775 shares of the scientific and technical instruments company’s stock worth $517,000 after buying an additional 2,375 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Itron by 80.4% in the second quarter. State of Alaska Department of Revenue now owns 6,637 shares of the scientific and technical instruments company’s stock worth $449,000 after buying an additional 2,957 shares during the period. Daiwa SB Investments Ltd. boosted its stake in shares of Itron by 11.7% in the second quarter. Daiwa SB Investments Ltd. now owns 20,043 shares of the scientific and technical instruments company’s stock worth $1,358,000 after buying an additional 2,093 shares during the period. Capital One National Association boosted its stake in shares of Itron by 4.8% in the second quarter. Capital One National Association now owns 11,955 shares of the scientific and technical instruments company’s stock worth $810,000 after buying an additional 550 shares during the period. Finally, Perigon Wealth Management LLC boosted its stake in shares of Itron by 7.9% in the first quarter. Perigon Wealth Management LLC now owns 10,610 shares of the scientific and technical instruments company’s stock worth $644,000 after buying an additional 780 shares during the period. 94.63% of the stock is owned by institutional investors.

Itron, Inc. (ITRI) traded down 2.55% during mid-day trading on Friday, reaching $70.80. The company had a trading volume of 149,134 shares. The firm has a market capitalization of $2.74 billion, a P/E ratio of 87.62 and a beta of 1.10. The firm’s 50-day moving average is $71.02 and its 200-day moving average is $65.55. Itron, Inc. has a one year low of $44.00 and a one year high of $75.60.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.03. The company had revenue of $503.10 million for the quarter, compared to analyst estimates of $491.80 million. Itron had a return on equity of 15.43% and a net margin of 1.60%. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 earnings per share. On average, equities research analysts anticipate that Itron, Inc. will post $3.07 earnings per share for the current fiscal year.

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A number of analysts have recently commented on the company. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $78.00 price target (up from $75.00) on shares of Itron in a research note on Friday, August 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $84.00 price target (up from $74.00) on shares of Itron in a research note on Thursday, August 3rd. Cowen and Company set a $74.00 price target on Itron and gave the company a “hold” rating in a research note on Thursday, August 3rd. BidaskClub cut Itron from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Finally, Robert W. Baird cut Itron from an “outperform” rating to a “neutral” rating and upped their price target for the company from $73.00 to $77.00 in a research note on Wednesday, July 26th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $79.00.

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.

Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

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