Sei Investments Co. reduced its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 42.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,822 shares of the scientific and technical instruments company’s stock after selling 51,217 shares during the quarter. Sei Investments Co. owned about 0.18% of Itron worth $5,485,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. PNC Financial Services Group Inc. increased its stake 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 acquiring an additional 31 shares during the last quarter. Hanseatic Management Services Inc. increased its stake 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 acquiring an additional 61 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Itron by 0.7% during the second quarter. Louisiana State Employees Retirement System now owns 13,700 shares of the scientific and technical instruments company’s stock valued at $928,000 after buying an additional 100 shares during the last quarter. Systematic Financial Management LP grew its stake in shares of Itron by 0.5% during the second quarter. Systematic Financial Management LP now owns 26,495 shares of the scientific and technical instruments company’s stock valued at $1,795,000 after buying an additional 120 shares during the last quarter. Finally, Aperio Group LLC grew its stake in shares of Itron by 0.4% during the second quarter. Aperio Group LLC now owns 32,749 shares of the scientific and technical instruments company’s stock valued at $2,219,000 after buying an additional 143 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors.

Itron, Inc. (NASDAQ:ITRI) opened at $66.00 on Friday. The company has a market capitalization of $2,555.85, a P/E ratio of 24.18, a PEG ratio of 1.05 and a beta of 1.07. Itron, Inc. has a 52 week low of $57.80 and a 52 week high of $79.95. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.26 and a current ratio of 1.67.

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

ITRI has been the topic of a number of analyst reports. Zacks Investment Research raised Itron from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a research note on Monday, August 28th. JMP Securities set a $102.00 target price on Itron and gave the company a “buy” rating in a research note on Thursday, October 12th. Argus reaffirmed a “buy” rating and set a $80.00 target price (up previously from $78.00) on shares of Itron in a research note on Tuesday, September 12th. Finally, Canaccord Genuity cut Itron from a “buy” rating to a “hold” rating and set a $78.00 target price on the stock. in a research note on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $81.78.

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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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