Chicago Equity Partners LLC boosted its position in Itron, Inc. (NASDAQ:ITRI) by 2.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,705 shares of the scientific and technical instruments company’s stock after purchasing an additional 855 shares during the quarter. Chicago Equity Partners LLC owned approximately 0.09% of Itron worth $2,765,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. raised its holdings in Itron by 0.9% in the second quarter. BlackRock Inc. now owns 4,377,905 shares of the scientific and technical instruments company’s stock worth $296,603,000 after purchasing an additional 38,104 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Itron by 94.2% in 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 purchasing an additional 434,500 shares in the last quarter. State Street Corp raised its holdings in Itron by 5.4% in the second quarter. State Street Corp now owns 839,226 shares of the scientific and technical instruments company’s stock worth $56,857,000 after purchasing an additional 43,230 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Itron by 38.1% in 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 purchasing an additional 198,700 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Itron by 4.9% in the second quarter. Northern Trust Corp now owns 466,579 shares of the scientific and technical instruments company’s stock worth $31,611,000 after purchasing an additional 21,803 shares in the last quarter. Institutional investors and hedge funds own 93.54% of the company’s stock.

Itron, Inc. (ITRI) opened at $66.65 on Friday. Itron, Inc. has a fifty-two week low of $57.80 and a fifty-two week high of $79.95. The company has a current ratio of 1.67, a quick ratio of 1.26 and a debt-to-equity ratio of 0.38. The stock has a market cap of $2,586.84, a PE ratio of 24.47, a PEG ratio of 1.06 and a beta of 1.07.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Wednesday, November 1st. The scientific and technical instruments company reported $0.77 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $526.55 million. During the same quarter last year, the company earned $0.77 EPS. The business’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 year.

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ITRI has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Itron from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Canaccord Genuity reiterated a “hold” rating and issued a $78.00 target price on shares of Itron in a report on Friday, October 6th. Finally, JMP Securities set a $102.00 target price on shares of Itron and gave the stock a “buy” rating in a report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $81.78.

About Itron

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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