State of New Jersey Common Pension Fund D Sells 4,115 Shares of Itron, Inc. $ITRI

State of New Jersey Common Pension Fund D lowered its position in shares of Itron, Inc. (NASDAQ:ITRI) by 19.7% during the second quarter, HoldingsChannel reports. The fund owned 16,776 shares of the scientific and technical instruments company’s stock after selling 4,115 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Itron were worth $2,208,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wayfinding Financial LLC bought a new stake in Itron during the 1st quarter worth $45,000. REAP Financial Group LLC grew its position in Itron by 168.4% during the 2nd quarter. REAP Financial Group LLC now owns 424 shares of the scientific and technical instruments company’s stock worth $56,000 after acquiring an additional 266 shares during the last quarter. Quarry LP grew its position in Itron by 155.6% during the 1st quarter. Quarry LP now owns 910 shares of the scientific and technical instruments company’s stock worth $95,000 after acquiring an additional 554 shares during the last quarter. Farther Finance Advisors LLC grew its position in Itron by 52.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,240 shares of the scientific and technical instruments company’s stock worth $163,000 after acquiring an additional 427 shares during the last quarter. Finally, ST Germain D J Co. Inc. bought a new stake in Itron during the 2nd quarter worth $170,000. Institutional investors own 96.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Stephens restated an “equal weight” rating and set a $130.00 price objective on shares of Itron in a research report on Tuesday, October 7th. JPMorgan Chase & Co. lifted their target price on Itron from $145.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. Roth Capital lifted their target price on Itron from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Zacks Research raised Itron from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. Finally, Wall Street Zen downgraded Itron from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Itron currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.10.

Itron Stock Down 1.6%

Shares of NASDAQ:ITRI opened at $133.95 on Wednesday. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 22.90, a P/E/G ratio of 0.75 and a beta of 1.48. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.04 and a quick ratio of 1.75. The business’s 50-day moving average is $125.21 and its 200-day moving average is $122.80. Itron, Inc. has a 1 year low of $90.11 and a 1 year high of $140.04.

Itron (NASDAQ:ITRI) last announced its quarterly earnings data on Thursday, July 31st. The scientific and technical instruments company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.29. The company had revenue of $606.76 million for the quarter, compared to the consensus estimate of $610.36 million. Itron had a return on equity of 19.69% and a net margin of 11.05%.The firm’s revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.21 EPS. Itron has set its FY 2025 guidance at 6.000-6.200 EPS. Q3 2025 guidance at 1.450-1.550 EPS. Equities research analysts predict that Itron, Inc. will post 5.33 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Donald L. Reeves III sold 547 shares of the business’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $125.31, for a total value of $68,544.57. Following the transaction, the senior vice president directly owned 19,604 shares of the company’s stock, valued at $2,456,577.24. The trade was a 2.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP John F. Marcolini sold 565 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $125.31, for a total value of $70,800.15. Following the completion of the transaction, the senior vice president directly owned 14,396 shares in the company, valued at $1,803,962.76. This represents a 3.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 3,037 shares of company stock worth $380,566 over the last three months. Insiders own 1.51% of the company’s stock.

Itron Company Profile

Itron, Inc, a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing, such as standard gas, electricity, water, and communicating meters, as well as heat and allocation products.