Manchester Capital Management LLC Takes Position in Itron, Inc. (ITRI)

Manchester Capital Management LLC acquired a new stake in Itron, Inc. (NASDAQ:ITRI) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,290 shares of the scientific and technical instruments company’s stock, valued at approximately $293,000.

Several other hedge funds also recently added to or reduced their stakes in ITRI. PNC Financial Services Group Inc. grew its position in Itron by 2.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,610 shares of the scientific and technical instruments company’s stock worth $109,000 after acquiring an additional 31 shares during the last quarter. Northern Trust Corp grew its position in Itron by 4.9% during the 2nd quarter. Northern Trust Corp now owns 466,579 shares of the scientific and technical instruments company’s stock worth $31,611,000 after acquiring an additional 21,803 shares during the last quarter. Voya Investment Management LLC grew its position in Itron by 18.1% during the 2nd quarter. Voya Investment Management LLC now owns 16,089 shares of the scientific and technical instruments company’s stock worth $1,090,000 after acquiring an additional 2,469 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Itron by 14.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 125,447 shares of the scientific and technical instruments company’s stock worth $8,499,000 after acquiring an additional 15,898 shares during the last quarter. Finally, Royal Bank of Canada grew its position in Itron by 10.9% during the 2nd quarter. Royal Bank of Canada now owns 3,042 shares of the scientific and technical instruments company’s stock worth $206,000 after acquiring an additional 299 shares during the last quarter. Institutional investors own 92.17% of the company’s stock.

Itron, Inc. (NASDAQ:ITRI) opened at $67.60 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.67 and a quick ratio of 1.26. The firm has a market capitalization of $2,592.65, a price-to-earnings ratio of 24.52, a PEG ratio of 1.03 and a beta of 1.02. Itron, Inc. has a 12 month low of $57.80 and a 12 month high of $79.95.

A number of equities research analysts recently commented on ITRI shares. Oppenheimer restated a “buy” rating and set a $78.00 price target on shares of Itron in a research report on Monday, January 29th. BidaskClub upgraded Itron from a “hold” rating to a “buy” rating in a research report on Friday, January 19th. Needham & Company LLC reiterated a “buy” rating and issued a $84.00 price objective on shares of Itron in a research report on Friday, November 3rd. Canaccord Genuity reiterated a “hold” rating and issued a $78.00 price objective on shares of Itron in a research report on Wednesday, December 27th. Finally, Argus lowered Itron from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $82.18.

In other news, COO Thomas Deitrich sold 11,899 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $69.27, for a total value of $824,243.73. Following the transaction, the chief operating officer now owns 82,776 shares of the company’s stock, valued at approximately $5,733,893.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Scopia Capital Management Lp purchased 21,870 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was bought at an average cost of $68.60 per share, for a total transaction of $1,500,282.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 750,261 shares of company stock worth $51,839,736. 2.03% of the stock is currently owned by company insiders.

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About Itron

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.

Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

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