Mitsubishi UFJ Asset Management UK Ltd. lessened its holdings in Itron, Inc. (NASDAQ:ITRI) by 87.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,500 shares of the scientific and technical instruments company’s stock after selling 23,600 shares during the quarter. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Itron were worth $238,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. lifted its position in 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 worth $109,000 after purchasing an additional 31 shares during the period. Hanseatic Management Services Inc. lifted its position in Itron by 0.3% during the second quarter. Hanseatic Management Services Inc. now owns 23,807 shares of the scientific and technical instruments company’s stock worth $1,613,000 after purchasing an additional 61 shares during the period. CWH Capital Management Inc. lifted its position in Itron by 4.5% during the second quarter. CWH Capital Management Inc. now owns 4,690 shares of the scientific and technical instruments company’s stock worth $318,000 after purchasing an additional 200 shares during the period. Amalgamated Bank lifted its position in Itron by 6.8% during the second quarter. Amalgamated Bank now owns 4,722 shares of the scientific and technical instruments company’s stock worth $320,000 after purchasing an additional 299 shares during the period. Finally, Royal Bank of Canada lifted its position in Itron by 10.9% during the second quarter. Royal Bank of Canada now owns 3,042 shares of the scientific and technical instruments company’s stock worth $206,000 after purchasing an additional 299 shares during the period. 93.54% of the stock is owned by institutional investors.

In other news, major shareholder Scopia Capital Management Lp acquired 75,193 shares of the stock in a transaction dated Wednesday, December 6th. The stock was bought at an average price of $67.34 per share, with a total value of $5,063,496.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Thomas Deitrich sold 11,899 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $69.27, for a total value of $824,243.73. Following the completion of the transaction, the chief operating officer now directly owns 82,776 shares of the company’s stock, valued at approximately $5,733,893.52. The disclosure for this sale can be found here. Insiders bought 750,261 shares of company stock valued at $51,839,736 in the last ninety days. 2.03% of the stock is currently owned by insiders.

Itron, Inc. (NASDAQ ITRI) opened at $74.80 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.26 and a current ratio of 1.67. The company has a market capitalization of $2,920.00, a PE ratio of 43.74, a price-to-earnings-growth ratio of 1.07 and a beta of 1.00. Itron, Inc. has a 52 week low of $57.80 and a 52 week high of $79.95.

Itron (NASDAQ:ITRI) last issued its earnings results on Wednesday, November 1st. The scientific and technical instruments company reported $0.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.12). Itron had a return on equity of 14.84% and a net margin of 3.42%. The business had revenue of $486.75 million for the quarter, compared to analyst estimates of $526.55 million. During the same period in the previous year, the firm posted $0.77 EPS. The firm’s revenue was down 4.0% compared to the same quarter last year. sell-side analysts forecast that Itron, Inc. will post 2.99 EPS for the current year.

Several research firms recently weighed in on ITRI. BidaskClub raised shares of Itron from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research cut shares of Itron from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $84.00 price objective on shares of Itron in a research report on Friday, November 3rd. UBS Group assumed coverage on Itron in a research note on Tuesday, January 2nd. They set a “strong-buy” rating and a $84.00 target price for the company. Finally, Canaccord Genuity reissued a “hold” rating and set a $78.00 target price on shares of Itron in a research note on Wednesday, December 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. Itron currently has a consensus rating of “Buy” and a consensus price target of $82.18.

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Itron 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.

Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

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