2,809 Shares in Itron, Inc. (ITRI) Purchased by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC bought a new position in shares of Itron, Inc. (NASDAQ:ITRI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,809 shares of the scientific and technical instruments company’s stock, valued at approximately $218,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Delta Lloyd Asset Management N.V. acquired a new stake in Itron during the second quarter worth approximately $4,743,000. Bessemer Group Inc. acquired a new stake in Itron during the third quarter worth approximately $620,000. Municipal Employees Retirement System of Michigan boosted its position in Itron by 39.9% during the third quarter. Municipal Employees Retirement System of Michigan now owns 17,080 shares of the scientific and technical instruments company’s stock worth $1,323,000 after acquiring an additional 4,870 shares during the last quarter. Laurion Capital Management LP acquired a new stake in Itron during the second quarter worth approximately $906,000. Finally, Shelton Capital Management acquired a new stake in Itron during the second quarter worth approximately $563,000. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Itron, Inc. (NASDAQ ITRI) opened at $64.75 on Friday. Itron, Inc. has a one year low of $57.80 and a one 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 $2,495.84, a price-to-earnings ratio of 23.61, a PEG ratio of 1.03 and a beta of 1.01.

Itron (NASDAQ:ITRI) last issued its earnings results on Wednesday, November 1st. The scientific and technical instruments company reported $0.77 EPS for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.12). Itron had a net margin of 3.42% and a return on equity of 14.84%. The business had revenue of $486.75 million during the quarter, compared to analysts’ expectations of $526.55 million. During the same period in the prior year, the business posted $0.77 EPS. The business’s revenue was down 4.0% on a year-over-year basis. sell-side analysts forecast that Itron, Inc. will post 2.99 earnings per share for the current year.

A number of equities analysts have weighed in on the stock. Canaccord Genuity reaffirmed a “hold” rating and set a $78.00 price target on shares of Itron in a research note on Friday, October 6th. JMP Securities set a $102.00 price target on shares of Itron and gave the stock a “buy” rating in a research note on Thursday, October 12th. Zacks Investment Research downgraded shares of Itron from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. Finally, Argus reaffirmed a “buy” rating and set a $80.00 price target (up previously from $78.00) on shares of Itron in a research note on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. Itron presently has a consensus rating of “Hold” and a consensus target price of $81.78.

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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.

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Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

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