Eagle Boston Investment Management Inc. Acquires 1,181 Shares of Itron, Inc. (ITRI)
Eagle Boston Investment Management Inc. raised its position in shares of Itron, Inc. (NASDAQ:ITRI) by 0.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 206,994 shares of the scientific and technical instruments company’s stock after buying an additional 1,181 shares during the period. Itron makes up about 1.5% of Eagle Boston Investment Management Inc.’s holdings, making the stock its 15th largest position. Eagle Boston Investment Management Inc. owned approximately 0.54% of Itron worth $14,023,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Pacad Investment Ltd. boosted its stake in shares of Itron by 21.4% in the second quarter. Pacad Investment Ltd. now owns 1,700 shares of the scientific and technical instruments company’s stock worth $115,000 after buying an additional 300 shares during the last quarter. LS Investment Advisors LLC raised its stake in Itron by 56.2% in the first quarter. LS Investment Advisors LLC now owns 1,892 shares of the scientific and technical instruments company’s stock worth $115,000 after buying an additional 681 shares during the period. SG Americas Securities LLC raised its stake in Itron by 1.5% in the first quarter. SG Americas Securities LLC now owns 2,366 shares of the scientific and technical instruments company’s stock worth $144,000 after buying an additional 36 shares during the period. Envestnet Asset Management Inc. raised its stake in Itron by 21.7% in the first quarter. Envestnet Asset Management Inc. now owns 2,492 shares of the scientific and technical instruments company’s stock worth $152,000 after buying an additional 444 shares during the period. Finally, Ameritas Investment Partners Inc. purchased a new stake in Itron during the first quarter worth $175,000. Institutional investors own 93.81% of the company’s stock.
Itron, Inc. (NASDAQ ITRI) traded down 0.14% during midday trading on Thursday, hitting $72.70. 15,608 shares of the stock traded hands. Itron, Inc. has a 12 month low of $47.58 and a 12 month high of $75.60. The company’s 50 day moving average price is $72.06 and its 200 day moving average price is $66.34. The firm has a market cap of $2.81 billion, a PE ratio of 89.98 and a beta of 1.10.
Itron (NASDAQ:ITRI) last released its earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.03. Itron had a return on equity of 15.43% and a net margin of 1.60%. The firm had revenue of $503.10 million for the quarter, compared to the consensus estimate of $491.80 million. During the same period in the prior year, the business posted $0.65 earnings per share. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. Equities research analysts predict that Itron, Inc. will post $3.07 earnings per share for the current fiscal year.
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A number of equities analysts have recently commented on the stock. Cowen and Company set a $60.00 price target on shares of Itron and gave the stock a “hold” rating in a report on Friday, July 21st. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $78.00 price objective (up previously from $75.00) on shares of Itron in a research note on Friday, August 4th. BidaskClub cut shares of Itron from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Robert W. Baird reissued an “outperform” rating and set a $73.00 price target on shares of Itron in a research report on Thursday, July 13th. Finally, Guggenheim initiated coverage on shares of Itron in a research report on Tuesday, June 20th. They set a “buy” rating and a $81.00 price target for the company. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $80.13.
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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