Ecofin Ltd. increased its holdings in Itron, Inc. (NASDAQ:ITRI) by 40.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 195,118 shares of the scientific and technical instruments company’s stock after purchasing an additional 56,359 shares during the period. Itron accounts for 3.0% of Ecofin Ltd.’s investment portfolio, making the stock its 12th biggest position. Ecofin Ltd. owned about 0.50% of Itron worth $13,307,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. PNC Financial Services Group Inc. grew 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 valued at $109,000 after acquiring an additional 31 shares during the period. Macquarie Group Ltd. purchased a new stake in Itron during the third quarter valued at about $152,000. Campbell & CO Investment Adviser LLC purchased a new stake in Itron during the third quarter valued at about $218,000. Teacher Retirement System of Texas purchased a new stake in Itron during the third quarter valued at about $221,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Itron during the third quarter valued at about $219,000. 92.44% of the stock is owned by institutional investors and hedge funds.
Shares of Itron, Inc. (NASDAQ:ITRI) opened at $68.85 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.67 and a debt-to-equity ratio of 0.38. Itron, Inc. has a 1 year low of $57.80 and a 1 year high of $79.95. The firm has a market capitalization of $2,666.23, a PE ratio of 25.22, a PEG ratio of 1.06 and a beta of 1.02.
In other Itron news, major shareholder Scopia Capital Management Lp purchased 21,870 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were acquired at an average price of $68.60 per share, for a total transaction of $1,500,282.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Thomas Deitrich sold 11,899 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was 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 owns 82,776 shares in the company, valued at approximately $5,733,893.52. The disclosure for this sale can be found here. In the last quarter, insiders purchased 750,261 shares of company stock worth $51,839,736. Insiders own 2.03% of the company’s stock.
A number of equities research analysts have issued reports on ITRI shares. Zacks Investment Research downgraded Itron from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. BidaskClub downgraded Itron from a “buy” rating to a “hold” rating in a research report on Friday, December 22nd. Argus downgraded Itron from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. Raymond James Financial initiated coverage on Itron in a research report on Tuesday, January 2nd. They issued a “strong-buy” rating and a $84.00 target price for the company. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $78.00 target price on shares of Itron in a research report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $82.18.
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Itron, Inc is a technology and service company. The Company provides solutions that measure, manage and analyze energy and water use. It also provides the Internet of things. 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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