Whittier Trust Co. Has $304,000 Stock Holdings in Iteris, Inc. (NASDAQ:ITI)

Whittier Trust Co. raised its holdings in Iteris, Inc. (NASDAQ:ITI) by 4.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 42,552 shares of the technology company’s stock after buying an additional 1,897 shares during the quarter. Whittier Trust Co. owned 0.10% of Iteris worth $304,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Iteris by 1.7% in the first quarter. Vanguard Group Inc. now owns 2,454,413 shares of the technology company’s stock worth $12,125,000 after acquiring an additional 41,618 shares during the last quarter. Private Management Group Inc. raised its position in shares of Iteris by 13.3% during the second quarter. Private Management Group Inc. now owns 1,626,954 shares of the technology company’s stock valued at $7,045,000 after buying an additional 191,511 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Iteris by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,103,776 shares of the technology company’s stock valued at $4,779,000 after buying an additional 43,493 shares during the period. First Eagle Investment Management LLC increased its stake in Iteris by 3.7% during the second quarter. First Eagle Investment Management LLC now owns 515,381 shares of the technology company’s stock valued at $2,232,000 after acquiring an additional 18,289 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of Iteris by 24.2% in the 2nd quarter. Renaissance Technologies LLC now owns 375,885 shares of the technology company’s stock worth $1,628,000 after acquiring an additional 73,300 shares during the period. 51.16% of the stock is owned by institutional investors.

Insider Transactions at Iteris

In other Iteris news, major shareholder Samjo Management, Llc sold 848,300 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $6.99, for a total value of $5,929,617.00. Following the transaction, the insider now owns 4,165,000 shares of the company’s stock, valued at approximately $29,113,350. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ITI. Maxim Group restated a “hold” rating on shares of Iteris in a research report on Monday, August 12th. StockNews.com initiated coverage on shares of Iteris in a research note on Wednesday. They issued a “buy” rating for the company. Northland Capmk lowered shares of Iteris from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Finally, B. Riley reissued a “neutral” rating and issued a $7.20 price target (down previously from $8.00) on shares of Iteris in a research report on Wednesday, August 21st.

Iteris Price Performance

Iteris stock opened at $7.18 on Thursday. The firm has a market capitalization of $307.45 million, a P/E ratio of 239.41 and a beta of 0.86. The stock has a fifty day moving average price of $7.12 and a two-hundred day moving average price of $5.49. Iteris, Inc. has a 52-week low of $3.99 and a 52-week high of $7.19.

Iteris (NASDAQ:ITI) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). The firm had revenue of $45.78 million for the quarter, compared to the consensus estimate of $44.02 million. Iteris had a net margin of 0.80% and a return on equity of 2.02%. On average, equities research analysts predict that Iteris, Inc. will post 0.16 EPS for the current fiscal year.

About Iteris

Iteris, Inc provides intelligent transportation systems technology solutions in North America, Europe, South America, and Asia. The company offers smart mobility infrastructure solutions include traveler information systems, transportation performance measurement software, traffic analytics software, transportation operations software, transportation-related data sets, advanced sensing devices, managed services, traffic engineering services, and mobility consulting services.