Loomis Sayles & Co. L P Has $58.09 Million Stake in Itron, Inc. (NASDAQ:ITRI)

Loomis Sayles & Co. L P reduced its holdings in Itron, Inc. (NASDAQ:ITRI) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 543,885 shares of the scientific and technical instruments company’s stock after selling 12,569 shares during the quarter. Loomis Sayles & Co. L P owned approximately 1.21% of Itron worth $58,092,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. O Shaughnessy Asset Management LLC bought a new stake in shares of Itron during the first quarter worth $230,000. CANADA LIFE ASSURANCE Co grew its holdings in Itron by 4.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 55,859 shares of the scientific and technical instruments company’s stock worth $5,169,000 after acquiring an additional 2,187 shares during the last quarter. Lazard Asset Management LLC grew its holdings in Itron by 16.2% during the 1st quarter. Lazard Asset Management LLC now owns 7,898 shares of the scientific and technical instruments company’s stock worth $730,000 after acquiring an additional 1,101 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Itron by 6.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 30,298 shares of the scientific and technical instruments company’s stock valued at $2,804,000 after acquiring an additional 1,765 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC bought a new position in shares of Itron in the first quarter worth about $401,000. 96.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ITRI has been the subject of a number of research reports. Stephens reissued an “equal weight” rating and issued a $110.00 price target on shares of Itron in a report on Monday, August 5th. Roth Mkm lifted their target price on Itron from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 1st. BNP Paribas began coverage on Itron in a report on Thursday, September 5th. They issued an “outperform” rating and a $133.00 price target on the stock. Robert W. Baird lifted their price objective on Itron from $123.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Janney Montgomery Scott initiated coverage on shares of Itron in a research report on Friday, September 27th. They set a “buy” rating and a $131.00 target price on the stock. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $123.92.

Itron Trading Up 2.2 %

Shares of NASDAQ ITRI opened at $118.93 on Monday. Itron, Inc. has a twelve month low of $65.42 and a twelve month high of $124.90. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 24.37, a P/E/G ratio of 0.89 and a beta of 1.46. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91. The company’s fifty day moving average is $109.53 and its 200-day moving average is $104.97.

Itron (NASDAQ:ITRI) last posted its earnings results on Thursday, October 31st. The scientific and technical instruments company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.71. Itron had a return on equity of 19.03% and a net margin of 9.37%. The firm had revenue of $615.46 million for the quarter, compared to analyst estimates of $596.41 million. During the same period in the previous year, the company posted $0.98 earnings per share. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities research analysts predict that Itron, Inc. will post 5.33 EPS for the current year.

Insider Activity at Itron

In other news, CEO Thomas Deitrich sold 37,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $104.83, for a total value of $3,931,125.00. Following the completion of the transaction, the chief executive officer now owns 205,276 shares in the company, valued at $21,519,083.08. This represents a 15.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.45% of the stock is owned by insiders.

Itron Company Profile

Itron, Inc, a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing, such as standard gas, electricity, water, and communicating meters, as well as heat and allocation products.