Eagle Boston Investment Management Inc. lifted its holdings in shares of Itron (NASDAQ:ITRI) by 5.0% in the 1st quarter, HoldingsChannel reports. The firm owned 202,664 shares of the scientific and technical instruments company’s stock after acquiring an additional 9,653 shares during the period. Itron comprises 1.4% of Eagle Boston Investment Management Inc.’s investment portfolio, making the stock its 15th largest holding. Eagle Boston Investment Management Inc.’s holdings in Itron were worth $14,500,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Stevens Capital Management LP purchased a new position in shares of Itron during the first quarter worth about $428,000. First Mercantile Trust Co. grew its holdings in shares of Itron by 93.8% during the first quarter. First Mercantile Trust Co. now owns 7,779 shares of the scientific and technical instruments company’s stock worth $557,000 after purchasing an additional 3,766 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Itron by 8.6% during the first quarter. Thrivent Financial for Lutherans now owns 22,972 shares of the scientific and technical instruments company’s stock worth $1,644,000 after purchasing an additional 1,815 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Itron by 1.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 222,942 shares of the scientific and technical instruments company’s stock worth $15,952,000 after purchasing an additional 3,956 shares in the last quarter. Finally, Massey Quick Simon & CO. LLC grew its holdings in shares of Itron by 100.0% during the first quarter. Massey Quick Simon & CO. LLC now owns 12,044 shares of the scientific and technical instruments company’s stock worth $862,000 after purchasing an additional 6,022 shares in the last quarter. 94.50% of the stock is owned by institutional investors.

Several brokerages have recently commented on ITRI. ValuEngine lowered Itron from a “hold” rating to a “sell” rating in a report on Thursday. Canaccord Genuity reissued a “buy” rating and set a $84.00 price objective on shares of Itron in a report on Wednesday. BidaskClub lowered Itron from a “buy” rating to a “hold” rating in a report on Thursday, April 26th. TheStreet lowered Itron from a “b” rating to a “c” rating in a report on Monday. Finally, Cowen raised Itron from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $80.00 to $84.00 in a report on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $83.36.

In other Itron news, VP Shannon M. Votava sold 6,661 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $71.58, for a total value of $476,794.38. Following the completion of the sale, the vice president now owns 16,459 shares of the company’s stock, valued at $1,178,135.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Philip Mezey sold 3,330 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $68.30, for a total value of $227,439.00. Following the completion of the sale, the chief executive officer now directly owns 54,327 shares of the company’s stock, valued at approximately $3,710,534.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,402 shares of company stock valued at $2,275,266. 2.03% of the stock is owned by insiders.

Shares of ITRI opened at $58.15 on Friday. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 0.94 and a beta of 1.00. The company has a quick ratio of 1.29, a current ratio of 1.46 and a debt-to-equity ratio of 1.57. Itron has a 1 year low of $60.13 and a 1 year high of $61.55.

Itron (NASDAQ:ITRI) last issued its earnings results on Monday, May 14th. The scientific and technical instruments company reported $0.13 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. The business had revenue of $607.00 million during the quarter, compared to analyst estimates of $575.74 million. Itron had a positive return on equity of 13.59% and a negative net margin of 4.85%. Itron’s revenue for the quarter was up 27.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.57 earnings per share. sell-side analysts anticipate that Itron will post 3.02 earnings per share for the current fiscal year.

About Itron

Itron, Inc, a technology company, provides end-to-end solutions that measures, manages, and analyzes energy and water use worldwide. The company operates through three segments: Electricity, Gas, and Water. It offers standard electromechanical and electronic, gas, and water and heat meters; and smart electricity, gas, and water meters and communication modules.

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Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

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