Mason Street Advisors LLC increased its stake in Itron, Inc. (NASDAQ:ITRI) by 7.2% during the first quarter, Holdings Channel reports. The institutional investor owned 7,797 shares of the scientific and technical instruments company’s stock after buying an additional 524 shares during the period. Mason Street Advisors LLC’s holdings in Itron were worth $473,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ITRI. State of Alaska Department of Revenue increased its position in shares of Itron by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 3,680 shares of the scientific and technical instruments company’s stock valued at $223,000 after buying an additional 80 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Itron by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 13,600 shares of the scientific and technical instruments company’s stock valued at $826,000 after buying an additional 200 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Itron by 2.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 22,967 shares of the scientific and technical instruments company’s stock valued at $1,394,000 after buying an additional 541 shares in the last quarter. LS Investment Advisors LLC increased its position in shares of 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 valued at $115,000 after buying an additional 681 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. increased its position in shares of Itron by 6.6% in the first quarter. Bbva Compass Bancshares Inc. now owns 12,909 shares of the scientific and technical instruments company’s stock valued at $783,000 after buying an additional 796 shares in the last quarter. Institutional investors and hedge funds own 94.83% of the company’s stock.

Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

Shares of Itron, Inc. (ITRI) opened at 69.35 on Friday. Itron, Inc. has a 12 month low of $40.12 and a 12 month high of $71.95. The company has a market cap of $2.68 billion, a P/E ratio of 72.09 and a beta of 1.15. The stock’s 50 day moving average price is $67.05 and its 200-day moving average price is $63.62.

Itron (NASDAQ:ITRI) last released its quarterly earnings data on Wednesday, May 3rd. The scientific and technical instruments company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. The firm had revenue of $477.59 million during the quarter, compared to analyst estimates of $454.20 million. Itron had a return on equity of 15.51% and a net margin of 1.88%. Equities research analysts expect that Itron, Inc. will post $3.01 earnings per share for the current year.

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Several brokerages have commented on ITRI. Canaccord Genuity restated a “buy” rating and issued a $72.00 target price on shares of Itron in a research note on Friday, May 26th. Zacks Investment Research downgraded Itron from a “buy” rating to a “hold” rating in a research report on Thursday, May 18th. JMP Securities assumed coverage on Itron in a research report on Thursday, March 9th. They set an “outperform” rating and a $75.00 price target for the company. TheStreet upgraded Itron from a “c+” rating to a “b+” rating in a research report on Tuesday, February 28th. Finally, Robert W. Baird set a $73.00 price target on Itron and gave the company a “buy” rating in a research report on Thursday, March 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $69.43.

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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