Latest Stocks: Public Employees Retirement Association of Colorado Has $468,000 Stake in Itron, Inc. (ITRI)

Latest Stocks: Public Employees Retirement Association of Colorado Has $468,000 Stake in Itron, Inc. (ITRI)

Public Employees Retirement Association of Colorado decreased its stake in Itron, Inc. (NASDAQ:ITRI) by 5.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,717 shares of the scientific and technical instruments company’s stock after selling 479 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Itron were worth $468,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ITRI. Tyers Asset Management LLC purchased a new position in Itron during the fourth quarter worth approximately $116,000. Flinton Capital Management LLC purchased a new position in Itron during the fourth quarter worth approximately $148,000. State of Alaska Department of Revenue increased its position in Itron by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 3,680 shares of the scientific and technical instruments company’s stock worth $223,000 after buying an additional 80 shares during the period. Dubuque Bank & Trust Co. purchased a new position in Itron during the first quarter worth approximately $262,000. Finally, SFE Investment Counsel purchased a new position in Itron during the first quarter worth approximately $310,000. Hedge funds and other institutional investors own 93.02% of the company’s stock.

Shares of Itron, Inc. (ITRI) opened at 68.40 on Tuesday. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 71.10 and a beta of 1.29. Itron, Inc. has a 1-year low of $40.12 and a 1-year high of $69.50. The stock has a 50 day moving average price of $65.12 and a 200-day moving average price of $63.26.

Itron (NASDAQ:ITRI) last announced its quarterly earnings results on Wednesday, May 3rd. The scientific and technical instruments company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. Itron had a return on equity of 12.89% and a net margin of 1.45%. The company had revenue of $477.59 million during the quarter, compared to analysts’ expectations of $454.20 million. On average, equities research analysts expect that Itron, Inc. will post $3.00 earnings per share for the current fiscal year.

A number of research firms have recently commented on ITRI. Canaccord Genuity restated a “buy” rating and issued a $72.00 price objective on shares of Itron in a report on Friday, May 26th. Zacks Investment Research downgraded Itron from a “buy” rating to a “hold” rating in a report on Thursday, May 18th. JMP Securities began coverage on Itron in a report on Thursday, March 9th. They issued an “outperform” rating and a $75.00 price objective on the stock. TheStreet upgraded Itron from a “c+” rating to a “b+” rating in a report on Tuesday, February 28th. Finally, Robert W. Baird set a $73.00 price objective on Itron and gave the stock a “buy” rating in a report on Thursday, March 2nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $69.43. About Itron

Want to see what other hedge funds are holding ITRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Itron, Inc. (NASDAQ:ITRI). Receive News & Ratings for Itron Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Itron Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

Want to see what other hedge funds are holding ITRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Itron, Inc. (NASDAQ:ITRI).

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