Jane Street Group LLC Buys New Stake in Itron (ITRI)

Jane Street Group LLC bought a new stake in shares of Itron (NASDAQ:ITRI) during the 4th quarter, Holdings Channel reports. The firm bought 7,305 shares of the scientific and technical instruments company’s stock, valued at approximately $498,000.

Several other institutional investors have also modified their holdings of ITRI. Point72 Asset Management L.P. acquired a new stake in shares of Itron during the 3rd quarter valued at about $23,661,000. Gates Capital Management Inc. acquired a new position in Itron in the fourth quarter valued at about $17,012,000. Electron Capital Partners LLC acquired a new position in Itron in the fourth quarter valued at about $15,988,000. Renaissance Technologies LLC boosted its position in Itron by 27.4% in the fourth quarter. Renaissance Technologies LLC now owns 1,025,961 shares of the scientific and technical instruments company’s stock valued at $69,971,000 after buying an additional 220,700 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its position in Itron by 110.3% in the fourth quarter. Allianz Asset Management GmbH now owns 363,312 shares of the scientific and technical instruments company’s stock valued at $24,778,000 after buying an additional 190,565 shares in the last quarter. Institutional investors and hedge funds own 95.25% of the company’s stock.

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Shares of NASDAQ ITRI opened at $68.15 on Monday. Itron has a 1-year low of $59.10 and a 1-year high of $79.95. The stock has a market capitalization of $2,666.23, a price-to-earnings ratio of 22.27, a P/E/G ratio of 1.06 and a beta of 0.96. The company has a quick ratio of 1.29, a current ratio of 1.67 and a debt-to-equity ratio of 0.74.

Itron (NASDAQ:ITRI) last announced its earnings results on Wednesday, February 28th. The scientific and technical instruments company reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.08. Itron had a net margin of 2.84% and a return on equity of 15.84%. The company had revenue of $550.78 million during the quarter, compared to the consensus estimate of $532.61 million. During the same period in the previous year, the firm posted $0.68 earnings per share. The company’s revenue was up 11.1% on a year-over-year basis. equities research analysts anticipate that Itron will post 3.05 earnings per share for the current year.

A number of research firms have commented on ITRI. Canaccord Genuity restated a “buy” rating and issued a $84.00 price target on shares of Itron in a research report on Wednesday, April 4th. BidaskClub upgraded shares of Itron from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Macquarie began coverage on shares of Itron in a research report on Thursday, March 22nd. They issued a “neutral” rating on the stock. ValuEngine upgraded shares of Itron from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, JMP Securities set a $108.00 price target on shares of Itron and gave the company a “buy” rating in a research report on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $84.18.

In other Itron news, CEO Philip Mezey sold 3,330 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $68.30, for a total value of $227,439.00. Following the completion of the transaction, the chief executive officer now directly owns 54,327 shares of the company’s stock, valued at $3,710,534.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Shannon M. Votava sold 6,661 shares of the business’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $71.58, for a total transaction of $476,794.38. Following the completion of the transaction, the vice president now directly owns 16,459 shares of the company’s stock, valued at $1,178,135.22. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,708 shares of company stock valued at $1,187,652. Insiders own 2.03% of the company’s stock.

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Itron Profile

Itron, Inc, a technology company, provides end-to-end solutions that measures, manages, and analyzes energy and water use worldwide. The company operates through three segments: Electricity, Gas, and Water. It offers standard electromechanical and electronic, gas, and water and heat meters; and smart electricity, gas, and water meters and communication modules.

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Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

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