Ecofin Ltd. boosted its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 40.6% during the 4th quarter, Holdings Channel reports. The firm owned 195,118 shares of the scientific and technical instruments company’s stock after acquiring an additional 56,359 shares during the quarter. Itron comprises approximately 3.0% of Ecofin Ltd.’s investment portfolio, making the stock its 12th largest position. Ecofin Ltd.’s holdings in Itron were worth $13,307,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its holdings in shares of Itron by 2.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,610 shares of the scientific and technical instruments company’s stock valued at $109,000 after acquiring an additional 31 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Itron in the 3rd quarter valued at $152,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Itron in the 3rd quarter valued at $218,000. Teacher Retirement System of Texas purchased a new stake in shares of Itron in the 3rd quarter valued at $221,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Itron in the 3rd quarter valued at $219,000. 92.17% of the stock is currently owned by institutional investors.

Itron, Inc. (NASDAQ ITRI) opened at $65.90 on Monday. The company has a current ratio of 1.67, a quick ratio of 1.26 and a debt-to-equity ratio of 0.38. The firm has a market cap of $2,551.99, a price-to-earnings ratio of 38.54, a price-to-earnings-growth ratio of 1.01 and a beta of 1.02. Itron, Inc. has a 12-month low of $57.80 and a 12-month high of $79.95.

Several research firms recently issued reports on ITRI. BidaskClub cut shares of Itron from a “buy” rating to a “hold” rating in a research note on Friday, December 22nd. Argus cut shares of Itron from a “buy” rating to a “hold” rating in a research note on Wednesday, November 29th. UBS Group began coverage on shares of Itron in a research note on Tuesday, January 2nd. They issued a “strong-buy” rating and a $84.00 target price for the company. Canaccord Genuity reiterated a “hold” rating and issued a $78.00 target price on shares of Itron in a research note on Wednesday, December 27th. Finally, Oppenheimer reiterated a “buy” rating and issued a $78.00 target price on shares of Itron in a research note on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. Itron presently has a consensus rating of “Buy” and a consensus price target of $82.18.

In related news, major shareholder Scopia Capital Management Lp acquired 75,193 shares of Itron stock in a transaction on Wednesday, December 6th. The stock was bought at an average cost of $67.34 per share, for a total transaction of $5,063,496.62. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Thomas Deitrich sold 11,899 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $69.27, for a total transaction of $824,243.73. Following the transaction, the chief operating officer now owns 82,776 shares of the company’s stock, valued at $5,733,893.52. The disclosure for this sale can be found here. Insiders have acquired 750,261 shares of company stock valued at $51,839,736 over the last 90 days. 2.03% of the stock is currently owned by company insiders.

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Itron Company Profile

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.

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Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

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