Were Analysts Bullish Itron, Inc. (NASDAQ:ITRI) This Week?

November 10, 2018 - By Marguerite Chambers

Itron, Inc. (NASDAQ:ITRI) LogoInvestors sentiment increased to 1.15 in 2018 Q2. Its up 0.03, from 1.12 in 2018Q1. It increased, as 37 investors sold Itron, Inc. shares while 51 reduced holdings. 25 funds opened positions while 76 raised stakes. 36.18 million shares or 0.20% less from 36.25 million shares in 2018Q1 were reported.
State Street Corp invested 0% in Itron, Inc. (NASDAQ:ITRI). Raymond James & Associates owns 193,176 shares. Proshare Advsr Ltd invested in 0% or 5,805 shares. Aperio Group Inc Limited Liability stated it has 28,705 shares. Fdx Advisors reported 4,781 shares stake. Teacher Retirement System Of Texas invested in 0% or 7,071 shares. Caprock Grp Inc Inc has 6,035 shares for 0.08% of their portfolio. First Mercantile Com holds 0.09% or 7,437 shares in its portfolio. Qs Invsts Limited Co holds 0% in Itron, Inc. (NASDAQ:ITRI) or 8 shares. Legal General Grp Public Ltd Company has 0% invested in Itron, Inc. (NASDAQ:ITRI) for 74,546 shares. Gamco Invsts Et Al reported 0.03% stake. California Pub Employees Retirement, California-based fund reported 79,239 shares. Mutual Of America Ltd Liability Co reported 0% stake. Amg Funds Limited Liability Corp reported 0.49% of its portfolio in Itron, Inc. (NASDAQ:ITRI). Cardinal Capital Management Ltd Liability Company Ct has invested 0.24% of its portfolio in Itron, Inc. (NASDAQ:ITRI).

Since May 18, 2018, it had 3 insider buys, and 2 selling transactions for $14.49 million activity. 978 shares were sold by Ziegler Lynda L., worth $57,995 on Monday, July 2. The insider SCOPIA CAPITAL MANAGEMENT LP bought 114,129 shares worth $6.77 million.

Itron, Inc. (NASDAQ:ITRI) Ratings Coverage

Among 3 analysts covering Itron (NASDAQ:ITRI), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Itron had 3 analyst reports since August 7, 2018 according to SRatingsIntel. Argus Research downgraded Itron, Inc. (NASDAQ:ITRI) on Thursday, November 8 to “Hold” rating. The company was maintained on Tuesday, August 7 by Oppenheimer. The firm has “Neutral” rating given on Tuesday, August 7 by Robert W. Baird. Below is a list of Itron, Inc. (NASDAQ:ITRI) latest ratings and price target changes.

08/11/2018 Broker: Argus Research Old Rating: Buy New Rating: Hold Downgrade
07/08/2018 Broker: Robert W. Baird Old Rating: Neutral New Rating: Neutral Old Target: $75 New Target: $68 Maintain
07/08/2018 Broker: Oppenheimer Old Rating: Outperform New Rating: Outperform Old Target: $76 New Target: $72 Maintain

The stock decreased 3.33% or $1.86 during the last trading session, reaching $53.99. About 379,937 shares traded or 46.52% up from the average. Itron, Inc. (NASDAQ:ITRI) has declined 7.92% since November 10, 2017 and is downtrending. It has underperformed by 23.54% the S&P500.

Itron, Inc. provides metering solutions to electricity, gas, and water utility markets worldwide. The company has market cap of $2.12 billion. The firm operates through three divisions: Electricity, Gas, and Water. It currently has negative earnings. It offers standard electromechanical and electronic, gas, and water and heat meters; and advanced and smart electricity, gas, and water meters and communication modules.

More recent Itron, Inc. (NASDAQ:ITRI) news were published by: Seekingalpha.com which released: “Itron, Inc. (ITRI) CEO Philip Mezey on Q3 2018 Results – Earnings Call Transcript” on November 06, 2018. Also Seekingalpha.com published the news titled: “Itron, Inc. 2018 Q3 – Results – Earnings Call Slides” on November 06, 2018. Businesswire.com‘s news article titled: “Itron Announces Third Quarter 2018 Financial Results” with publication date: November 05, 2018 was also an interesting one.

Itron, Inc. (NASDAQ:ITRI) Institutional Positions Chart

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