233,725 Shares in Itron, Inc. (ITRI) Purchased by Cramer Rosenthal Mcglynn LLC

Cramer Rosenthal Mcglynn LLC acquired a new position in shares of Itron, Inc. (NASDAQ:ITRI) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 233,725 shares of the scientific and technical instruments company’s stock, valued at approximately $18,102,000. Cramer Rosenthal Mcglynn LLC owned 0.60% of Itron as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. OxFORD Asset Management LLP boosted its holdings in shares of Itron by 2.8% during the third quarter. OxFORD Asset Management LLP now owns 60,561 shares of the scientific and technical instruments company’s stock worth $4,685,000 after acquiring an additional 1,649 shares during the period. KBC Group NV raised its position in shares of Itron by 65.6% in the third quarter. KBC Group NV now owns 170,591 shares of the scientific and technical instruments company’s stock valued at $13,212,000 after buying an additional 67,581 shares in the last quarter. Investec Asset Management LTD raised its position in shares of Itron by 43.4% in the third quarter. Investec Asset Management LTD now owns 31,406 shares of the scientific and technical instruments company’s stock valued at $2,432,000 after buying an additional 9,502 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Itron in the third quarter valued at approximately $218,000. Finally, Wells Fargo & Company MN raised its position in shares of Itron by 34.3% in the third quarter. Wells Fargo & Company MN now owns 56,459 shares of the scientific and technical instruments company’s stock valued at $4,373,000 after buying an additional 14,404 shares in the last quarter. Institutional investors own 93.76% of the company’s stock.

A number of research firms have recently weighed in on ITRI. Robert W. Baird reiterated a “hold” rating and issued a $77.00 price target on shares of Itron in a research report on Tuesday, September 12th. Canaccord Genuity downgraded shares of Itron from a “buy” rating to a “hold” rating and set a $78.00 price target for the company. in a research report on Tuesday, September 19th. Zacks Investment Research downgraded shares of Itron from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Argus reiterated a “buy” rating and issued a $80.00 price target (up from $78.00) on shares of Itron in a research report on Tuesday, September 12th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $84.00 price target on shares of Itron in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Itron presently has a consensus rating of “Hold” and a consensus price target of $81.78.

Shares of Itron, Inc. (NASDAQ ITRI) opened at $65.85 on Wednesday. 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, Inc. has a 1 year low of $57.80 and a 1 year high of $79.95. The firm has a market cap of $2,507.46, a P/E ratio of 23.72, a PEG ratio of 1.03 and a beta of 1.00.

Itron (NASDAQ:ITRI) last announced 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). Itron had a net margin of 3.42% and a return on equity of 14.84%. The firm had revenue of $486.75 million for the quarter, compared to analyst estimates of $526.55 million. During the same quarter in the prior year, the firm earned $0.77 earnings per share. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. analysts predict that Itron, Inc. will post 2.99 EPS for the current year.

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Itron 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.

Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

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