LS Investment Advisors LLC held its stake in shares of Itron, Inc. (NASDAQ:ITRI) during the second quarter, Holdings Channel reports. The firm owned 1,892 shares of the scientific and technical instruments company’s stock at the end of the second quarter. LS Investment Advisors LLC’s holdings in Itron were worth $128,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Winslow Evans & Crocker Inc. increased its stake in shares of Itron by 44.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 7,775 shares of the scientific and technical instruments company’s stock worth $517,000 after buying an additional 2,375 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of Itron by 80.4% in the second quarter. State of Alaska Department of Revenue now owns 6,637 shares of the scientific and technical instruments company’s stock worth $449,000 after buying an additional 2,957 shares during the last quarter. Daiwa SB Investments Ltd. increased its stake in shares of Itron by 11.7% in the second quarter. Daiwa SB Investments Ltd. now owns 20,043 shares of the scientific and technical instruments company’s stock worth $1,358,000 after buying an additional 2,093 shares during the last quarter. Capital One National Association increased its stake in shares of Itron by 4.8% in the second quarter. Capital One National Association now owns 11,955 shares of the scientific and technical instruments company’s stock worth $810,000 after buying an additional 550 shares during the last quarter. Finally, Perigon Wealth Management LLC increased its stake in shares of Itron by 7.9% in the first quarter. Perigon Wealth Management LLC now owns 10,610 shares of the scientific and technical instruments company’s stock worth $644,000 after buying an additional 780 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Shares of Itron, Inc. (NASDAQ:ITRI) traded down 2.55% during midday trading on Friday, reaching $70.80. The company had a trading volume of 149,134 shares. Itron, Inc. has a one year low of $44.00 and a one year high of $75.60. The company has a 50-day moving average price of $71.02 and a 200 day moving average price of $65.55. The company has a market capitalization of $2.74 billion, a P/E ratio of 87.62 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 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.03. The company had revenue of $503.10 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 EPS. Equities analysts anticipate that Itron, Inc. will post $3.07 earnings per share for the current fiscal year.

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A number of brokerages have weighed in on ITRI. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $78.00 target price (up from $75.00) on shares of Itron in a report on Friday, August 4th. Needham & Company LLC restated a “buy” rating and set a $84.00 price objective (up previously from $74.00) on shares of Itron in a report on Thursday, August 3rd. Cowen and Company set a $74.00 price objective on Itron and gave the company a “hold” rating in a report on Thursday, August 3rd. BidaskClub downgraded Itron from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Finally, Robert W. Baird downgraded Itron from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $73.00 to $77.00 in a report on Wednesday, July 26th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $79.00.

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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