Aristotle Capital Management LLC Acquires 105,505 Shares of Itochu Corp. $ITOCY

Aristotle Capital Management LLC lifted its holdings in Itochu Corp. (OTCMKTS:ITOCY) by 897.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 117,267 shares of the company’s stock after buying an additional 105,505 shares during the quarter. Aristotle Capital Management LLC’s holdings in Itochu were worth $1,468,000 at the end of the most recent quarter.

Separately, OLD National Bancorp IN purchased a new stake in shares of Itochu during the fourth quarter valued at $201,000. 0.08% of the stock is currently owned by institutional investors.

Itochu Price Performance

Itochu stock opened at $11.98 on Friday. The stock has a market cap of $94.93 billion, a price-to-earnings ratio of 13.46 and a beta of 0.64. The firm has a 50-day moving average of $11.74 and a two-hundred day moving average of $13.41. Itochu Corp. has a 1 year low of $10.36 and a 1 year high of $15.10. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.32 and a quick ratio of 0.99.

Itochu (OTCMKTS:ITOCY) last released its quarterly earnings data on Friday, May 1st. The company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. The firm had revenue of $24.49 billion during the quarter, compared to the consensus estimate of $28.52 billion. On average, research analysts forecast that Itochu Corp. will post 0.86 earnings per share for the current year.

About Itochu

Itochu Corporation is a major Japanese trading company (sogo shosha) that operates a diversified global business spanning trading, investment and services. The company traces its roots to the 19th century and has evolved from a textile trading firm into a broad-based commercial and investment group. Its American Depositary Receipts trade over the counter under the symbol ITOCY.

Itochu conducts commodity and product trading across a wide range of sectors including textiles and apparel, machinery, metals and minerals, energy and chemicals, food and consumer products, information and communications technology, and real estate.