California State Teachers Retirement System decreased its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 8.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,577 shares of the scientific and technical instruments company’s stock after selling 5,267 shares during the quarter. California State Teachers Retirement System owned about 0.16% of Itron worth $4,104,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ITRI. BlackRock Inc. grew its holdings in shares of Itron by 153,249.9% during the first quarter. BlackRock Inc. now owns 4,339,801 shares of the scientific and technical instruments company’s stock worth $263,427,000 after buying an additional 4,336,971 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Itron by 94.2% during the second quarter. Bank of New York Mellon Corp now owns 895,681 shares of the scientific and technical instruments company’s stock worth $60,683,000 after buying an additional 434,500 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Itron by 7.7% during the first quarter. Vanguard Group Inc. now owns 3,795,716 shares of the scientific and technical instruments company’s stock worth $230,400,000 after buying an additional 271,194 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Itron by 38.1% during the second quarter. Renaissance Technologies LLC now owns 719,661 shares of the scientific and technical instruments company’s stock worth $48,757,000 after buying an additional 198,700 shares in the last quarter. Finally, Premier Asset Management LLC purchased a new stake in shares of Itron during the second quarter worth $7,334,000. 93.49% of the stock is owned by institutional investors and hedge funds.

Shares of Itron, Inc. (NASDAQ:ITRI) opened at $69.38 on Friday. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 24.37, a P/E/G ratio of 1.07 and a beta of 1.07. The company has a current ratio of 1.67, a quick ratio of 1.18 and a debt-to-equity ratio of 0.38.

Itron (NASDAQ:ITRI) last released its earnings results on Wednesday, November 1st. The scientific and technical instruments company reported $0.77 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.12). Itron had a return on equity of 14.84% and a net margin of 3.42%. The business had revenue of $486.75 million for the quarter, compared to analysts’ expectations of $526.55 million. During the same period in the previous year, the company earned $0.77 EPS. Itron’s quarterly revenue was down 4.0% compared to the same quarter last year. analysts forecast that Itron, Inc. will post 2.97 EPS for the current fiscal year.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Itron from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. BidaskClub raised shares of Itron from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Robert W. Baird reissued an “outperform” rating and issued a $73.00 price objective on shares of Itron in a report on Thursday, July 13th. Canaccord Genuity reissued a “buy” rating and issued a $78.00 price objective on shares of Itron in a report on Friday, July 14th. Finally, JMP Securities set a $88.00 price objective on shares of Itron and gave the company a “buy” rating in a report on Tuesday, July 18th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and an average 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.

Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

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