People s United Financial Inc. purchased a new stake in shares of Itron, Inc. (NASDAQ:ITRI) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,585 shares of the scientific and technical instruments company’s stock, valued at approximately $1,462,000. People s United Financial Inc. owned about 0.06% of Itron at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its holdings in shares of Itron by 2.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,610 shares of the scientific and technical instruments company’s stock worth $109,000 after acquiring an additional 31 shares in the last quarter. Pacad Investment Ltd. boosted its position in shares of Itron by 21.4% during the 2nd quarter. Pacad Investment Ltd. now owns 1,700 shares of the scientific and technical instruments company’s stock valued at $115,000 after acquiring an additional 300 shares during the last quarter. LS Investment Advisors LLC boosted its position in shares of Itron by 56.2% during the 1st quarter. LS Investment Advisors LLC now owns 1,892 shares of the scientific and technical instruments company’s stock valued at $115,000 after acquiring an additional 681 shares during the last quarter. Riverhead Capital Management LLC boosted its position in shares of Itron by 74.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,097 shares of the scientific and technical instruments company’s stock valued at $142,000 after acquiring an additional 897 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Itron by 1.5% during the 1st quarter. SG Americas Securities LLC now owns 2,366 shares of the scientific and technical instruments company’s stock valued at $144,000 after acquiring an additional 36 shares during the last quarter. 93.66% of the stock is owned by institutional investors.

A number of research firms recently weighed in on ITRI. Canaccord Genuity lowered shares of Itron from a “buy” rating to a “hold” rating and set a $78.00 target price for the company. in a report on Tuesday, September 19th. Zacks Investment Research downgraded shares of Itron from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. 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. Robert W. Baird lowered shares of Itron from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $73.00 to $77.00 in a research report on Wednesday, July 26th. They noted that the move was a valuation call. Finally, BidaskClub cut shares of Itron from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $80.22.

Itron, Inc. (ITRI) traded up 0.39% on Monday, reaching $77.75. 7,500 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $72.49 and a 200 day moving average price of $67.47. The firm has a market cap of $3.01 billion, a PE ratio of 96.23 and a beta of 1.10. Itron, Inc. has a one year low of $51.55 and a one year high of $77.90.

Itron (NASDAQ:ITRI) last issued its earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. Itron had a return on equity of 15.43% and a net margin of 1.60%. The business had revenue of $503.10 million during the quarter, compared to the consensus estimate of $491.80 million. During the same period last year, the company earned $0.65 EPS. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, equities analysts anticipate that Itron, Inc. will post $3.07 earnings per share for the current year.

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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.

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Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

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