Texas Permanent School Fund boosted its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,550 shares of the scientific and technical instruments company’s stock after buying an additional 408 shares during the period. Texas Permanent School Fund’s holdings in Itron were worth $1,663,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Rockefeller Financial Services Inc. raised its stake in shares of Itron by 14.9% in the first quarter. Rockefeller Financial Services Inc. now owns 9,694 shares of the scientific and technical instruments company’s stock worth $588,000 after buying an additional 1,258 shares during the last quarter. Old Mutual Global Investors UK Ltd. raised its stake in shares of Itron by 716.3% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 53,269 shares of the scientific and technical instruments company’s stock worth $3,233,000 after buying an additional 46,743 shares during the last quarter. Breton Hill Capital Ltd. raised its stake in shares of Itron by 323.3% in the first quarter. Breton Hill Capital Ltd. now owns 16,403 shares of the scientific and technical instruments company’s stock worth $996,000 after buying an additional 12,528 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Itron by 36.1% in the first quarter. Russell Investments Group Ltd. now owns 45,846 shares of the scientific and technical instruments company’s stock worth $2,782,000 after buying an additional 12,157 shares during the last quarter. Finally, Dubuque Bank & Trust Co. purchased a new stake in shares of Itron during the first quarter worth about $262,000. 95.25% of the stock is currently owned by hedge funds and other institutional investors.

Itron, Inc. (ITRI) opened at 73.00 on Tuesday. The firm has a 50 day moving average of $71.20 and a 200 day moving average of $65.75. Itron, Inc. has a 1-year low of $44.00 and a 1-year high of $75.60. The firm has a market cap of $2.83 billion, a P/E ratio of 90.35 and a beta of 1.10.

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

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A number of analysts have issued reports on the company. Cowen and Company set a $60.00 target price on Itron and gave the company a “hold” rating in a research report on Friday, July 21st. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $78.00 target price (up previously from $75.00) on shares of Itron in a research report on Friday, August 4th. Robert W. Baird reissued an “outperform” rating and issued a $73.00 target price on shares of Itron in a research report on Thursday, July 13th. BidaskClub lowered Itron from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Finally, Guggenheim assumed coverage on Itron in a research report on Tuesday, June 20th. They issued a “buy” rating and a $81.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $79.00.

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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Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

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