Chase Investment Counsel Corp acquired a new stake in Itron, Inc. (NASDAQ:ITRI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,965 shares of the scientific and technical instruments company’s stock, valued at approximately $461,000.

Other hedge funds have also modified their holdings of the company. Delta Lloyd Asset Management N.V. bought a new stake in shares of Itron during the 2nd quarter worth approximately $4,743,000. Credit Suisse AG lifted its stake in shares of Itron by 25.0% during the 1st quarter. Credit Suisse AG now owns 106,811 shares of the scientific and technical instruments company’s stock worth $6,483,000 after acquiring an additional 21,368 shares during the last quarter. Laurion Capital Management LP bought a new stake in shares of Itron during the 2nd quarter worth approximately $906,000. Shelton Capital Management bought a new stake in shares of Itron during the 2nd quarter worth approximately $563,000. Finally, HighTower Advisors LLC lifted its stake in shares of Itron by 5.9% during the 1st quarter. HighTower Advisors LLC now owns 3,845 shares of the scientific and technical instruments company’s stock worth $234,000 after acquiring an additional 214 shares during the last quarter. 93.54% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on ITRI. Zacks Investment Research lowered Itron from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. Needham & Company LLC restated a “buy” rating and set a $84.00 price objective on shares of Itron in a report on Friday, November 3rd. JMP Securities set a $102.00 price objective on Itron and gave the stock a “buy” rating in a report on Thursday, October 12th. Canaccord Genuity restated a “hold” rating and set a $78.00 price objective on shares of Itron in a report on Friday, October 6th. Finally, Robert W. Baird restated a “hold” rating and set a $77.00 price objective on shares of Itron in a report on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Itron presently has an average rating of “Buy” and an average target price of $81.78.

Shares of Itron, Inc. (NASDAQ ITRI) traded down $0.15 during trading hours on Friday, hitting $66.65. The stock had a trading volume of 194,400 shares, compared to its average volume of 193,935. Itron, Inc. has a twelve month low of $57.80 and a twelve month high of $79.95. The stock has a market cap of $2,580.00, a P/E ratio of 24.47, a PEG ratio of 1.06 and a beta of 1.07. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.67 and a quick ratio of 1.26.

Itron (NASDAQ:ITRI) last announced its quarterly 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 net margin of 3.42% and a return on equity of 14.84%. The company had revenue of $486.75 million during the quarter, compared to analysts’ expectations of $526.55 million. During the same quarter in the prior year, the business posted $0.77 earnings per share. The company’s revenue was down 4.0% compared to the same quarter last year. sell-side analysts forecast that Itron, Inc. will post 2.99 EPS for the current fiscal year.

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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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