Itron Inc (NASDAQ:ITRI) Sentiment Change Report

April 13, 2018 - By Adrian Mccoy

Itron, Inc. (NASDAQ:ITRI) Logo

Sentiment for Itron Inc (NASDAQ:ITRI)

Itron Inc (NASDAQ:ITRI) institutional sentiment increased to 1.19 in 2017 Q4. Its up 0.14, from 1.05 in 2017Q3. The ratio is more positive, as 115 hedge funds increased or started new equity positions, while 97 decreased and sold stock positions in Itron Inc. The hedge funds in our partner’s database reported: 36.05 million shares, up from 35.44 million shares in 2017Q3. Also, the number of hedge funds holding Itron Inc in their top 10 equity positions decreased from 5 to 1 for a decrease of 4. Sold All: 36 Reduced: 61 Increased: 71 New Position: 44.

Itron, Inc. provides metering solutions to electricity, gas, and water utility markets worldwide. The company has market cap of $2.74 billion. The firm operates through three divisions: Electricity, Gas, and Water. It has a 48.22 P/E ratio. It offers standard electromechanical and electronic, gas, and water and heat meters; and advanced and smart electricity, gas, and water meters and communication modules.

The stock decreased 0.11% or $0.07 during the last trading session, reaching $69.93. About 25,972 shares traded. Itron, Inc. (NASDAQ:ITRI) has risen 12.04% since April 13, 2017 and is uptrending. It has outperformed by 0.49% the S&P500.

Analysts await Itron, Inc. (NASDAQ:ITRI) to report earnings on May, 2. They expect $0.14 earnings per share, down 75.44 % or $0.43 from last year’s $0.57 per share. ITRI’s profit will be $5.48M for 124.88 P/E if the $0.14 EPS becomes a reality. After $1.01 actual earnings per share reported by Itron, Inc. for the previous quarter, Wall Street now forecasts -86.14 % negative EPS growth.

Marcato Capital Management Lp holds 5.4% of its portfolio in Itron, Inc. for 862,000 shares. Banbury Partners Llc owns 271,539 shares or 4.55% of their US portfolio. Moreover, Ecofin Ltd has 2.98% invested in the company for 195,118 shares. The New York-based Electron Capital Partners Llc has invested 2.7% in the stock. Impax Asset Management Ltd, a United Kingdom-based fund reported 1.33 million shares.#img1#

Since January 1, 0001, it had 2 insider purchases, and 6 selling transactions for $994,141 activity.

Itron, Inc. (NASDAQ:ITRI) Ratings Coverage

Ratings analysis reveals 80% of Itron’s analysts are positive. Out of 5 Wall Street analysts rating Itron, 4 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $84.0 while the high is $108. The stock’s average target of $96 is 37.28% above today’s ($69.93) share price. ITRI was included in 6 notes of analysts from November 29, 2017. The rating was downgraded by Argus Research on Wednesday, November 29 to “Hold”. The stock of Itron, Inc. (NASDAQ:ITRI) has “Buy” rating given on Tuesday, January 2 by Raymond James. The rating was maintained by JMP Securities with “Buy” on Monday, March 19. The firm earned “Buy” rating on Tuesday, February 27 by Canaccord Genuity. On Thursday, March 1 the stock rating was upgraded by Cowen & Co to “Outperform”. The stock of Itron, Inc. (NASDAQ:ITRI) earned “Market Outperform” rating by JMP Securities on Thursday, March 1.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.