Prudential Financial Inc. Has $22.43 Million Holdings in Itron, Inc. (ITRI)

Prudential Financial Inc. lessened its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 10.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 289,621 shares of the scientific and technical instruments company’s stock after selling 35,500 shares during the period. Prudential Financial Inc. owned 0.75% of Itron worth $22,431,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. State Street Corp grew its holdings in shares of Itron by 6.5% in the 1st quarter. State Street Corp now owns 795,996 shares of the scientific and technical instruments company’s stock valued at $48,315,000 after buying an additional 48,240 shares during the period. Credit Suisse AG grew its holdings in shares of Itron by 25.0% in the 1st quarter. Credit Suisse AG now owns 106,811 shares of the scientific and technical instruments company’s stock valued at $6,483,000 after buying an additional 21,368 shares during the period. HighTower Advisors LLC grew its holdings in shares of Itron by 5.9% in the 1st quarter. HighTower Advisors LLC now owns 3,845 shares of the scientific and technical instruments company’s stock valued at $234,000 after buying an additional 214 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of Itron by 80.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,637 shares of the scientific and technical instruments company’s stock valued at $449,000 after buying an additional 2,957 shares during the period. Finally, Louisiana State Employees Retirement System grew its holdings in shares of Itron by 0.7% in the 2nd 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 period. 93.21% of the stock is owned by hedge funds and other institutional investors.

Shares of Itron, Inc. (ITRI) opened at $66.25 on Friday. The company has a market cap of $2,526.82, a price-to-earnings ratio of 23.90, a P/E/G ratio of 1.04 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 current ratio of 1.67 and a quick ratio of 1.26.

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

Several equities analysts have recently issued reports on the stock. Canaccord Genuity reissued a “hold” rating and issued a $78.00 price target on shares of Itron in a report on Friday, October 6th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $78.00 price target (up previously from $75.00) on shares of Itron in a report on Friday, August 4th. BidaskClub lowered shares of Itron from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Zacks Investment Research raised shares of Itron from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a report on Monday, September 11th. Finally, Cowen and Company set a $74.00 price target on shares of Itron and gave the company a “hold” rating in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Itron has a consensus rating of “Buy” and a consensus price target of $81.78.

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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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