Harris Associates L P lowered its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 36.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,642,928 shares of the scientific and technical instruments company’s stock after selling 936,520 shares during the period. Harris Associates L P owned 4.25% of Itron worth $111,308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its position in shares of Itron by 2.0% during the second quarter. PNC Financial Services Group Inc. now owns 1,610 shares of the scientific and technical instruments company’s stock valued at $109,000 after buying an additional 31 shares during the last quarter. LS Investment Advisors LLC raised its position in shares of Itron by 56.2% during the first quarter. LS Investment Advisors LLC now owns 1,892 shares of the scientific and technical instruments company’s stock valued at $115,000 after buying an additional 681 shares during the last quarter. Pacad Investment Ltd. raised its position in shares of Itron by 21.4% during the second quarter. Pacad Investment Ltd. now owns 1,700 shares of the scientific and technical instruments company’s stock valued at $115,000 after buying an additional 300 shares during the last quarter. Riverhead Capital Management LLC raised its position in shares of Itron by 74.8% during the second quarter. Riverhead Capital Management LLC now owns 2,097 shares of the scientific and technical instruments company’s stock valued at $142,000 after buying an additional 897 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Itron by 1.5% during the first quarter. SG Americas Securities LLC now owns 2,366 shares of the scientific and technical instruments company’s stock valued at $144,000 after buying an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 93.66% of the company’s stock.

Shares of Itron, Inc. (NASDAQ:ITRI) traded up 0.39% during midday trading on Friday, reaching $77.45. 212,647 shares of the company traded hands. Itron, Inc. has a 1-year low of $51.55 and a 1-year high of $77.65. The firm has a market capitalization of $3.00 billion, a PE ratio of 95.85 and a beta of 1.08. The stock has a 50 day moving average price of $72.49 and a 200 day moving average price of $67.47.

Itron (NASDAQ:ITRI) last announced its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.03. The company had revenue of $503.10 million for the quarter, compared to analyst estimates of $491.80 million. Itron had a return on equity of 15.43% and a net margin of 1.60%. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 EPS. Analysts expect that Itron, Inc. will post $3.07 earnings per share for the current fiscal year.

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Several equities research analysts have recently issued reports on ITRI shares. Robert W. Baird reiterated an “outperform” rating and set a $73.00 price objective on shares of Itron in a research report on Thursday, July 13th. Canaccord Genuity cut shares of Itron from a “buy” rating to a “hold” rating and set a $78.00 price objective on the stock. in a research report on Tuesday, September 19th. Zacks Investment Research cut shares of Itron from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. JMP Securities set a $88.00 price objective on shares of Itron and gave the company a “buy” rating in a research report on Tuesday, July 18th. Finally, Cowen and Company set a $60.00 price objective on shares of Itron and gave the company a “hold” rating in a research report on Friday, July 21st. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $80.22.

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.

Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

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