2,865 Shares in Itron, Inc. $ITRI Acquired by Wolverine Asset Management LLC

Wolverine Asset Management LLC purchased a new position in shares of Itron, Inc. (NASDAQ:ITRI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,865 shares of the scientific and technical instruments company’s stock, valued at approximately $377,000.

Several other institutional investors also recently bought and sold shares of ITRI. Allspring Global Investments Holdings LLC grew its stake in Itron by 54.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 6,278 shares of the scientific and technical instruments company’s stock worth $658,000 after buying an additional 2,201 shares during the period. Principal Financial Group Inc. grew its stake in Itron by 2.5% during the first quarter. Principal Financial Group Inc. now owns 270,672 shares of the scientific and technical instruments company’s stock worth $28,356,000 after buying an additional 6,700 shares during the period. Wayfinding Financial LLC purchased a new stake in Itron during the first quarter worth approximately $45,000. Envestnet Asset Management Inc. grew its stake in Itron by 119.7% during the first quarter. Envestnet Asset Management Inc. now owns 77,060 shares of the scientific and technical instruments company’s stock worth $8,073,000 after buying an additional 41,984 shares during the period. Finally, California First Leasing Corp grew its stake in Itron by 220.8% during the first quarter. California First Leasing Corp now owns 26,950 shares of the scientific and technical instruments company’s stock worth $2,823,000 after buying an additional 18,550 shares during the period. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Itron news, CFO Joan S. Hooper sold 970 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $125.31, for a total transaction of $121,550.70. Following the transaction, the chief financial officer directly owned 88,394 shares in the company, valued at $11,076,652.14. This represents a 1.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Justin K. Patrick sold 388 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $125.31, for a total transaction of $48,620.28. Following the transaction, the senior vice president owned 20,761 shares in the company, valued at $2,601,560.91. This trade represents a 1.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,037 shares of company stock worth $380,566 over the last ninety days. Insiders own 1.45% of the company’s stock.

Itron Price Performance

Shares of ITRI stock opened at $100.33 on Monday. The company has a market capitalization of $4.59 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 0.76 and a beta of 1.48. The firm has a fifty day simple moving average of $124.67 and a 200-day simple moving average of $123.25. The company has a current ratio of 2.04, a quick ratio of 1.75 and a debt-to-equity ratio of 0.48. Itron, Inc. has a twelve month low of $90.11 and a twelve month high of $142.00.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Thursday, October 30th. The scientific and technical instruments company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.06. Itron had a net margin of 11.05% and a return on equity of 19.69%. The firm had revenue of $581.63 million for the quarter, compared to the consensus estimate of $578.49 million. During the same period in the prior year, the firm posted $1.84 EPS. The firm’s revenue was down 5.5% compared to the same quarter last year. Itron has set its FY 2025 guidance at 6.840-6.940 EPS. Q4 2025 guidance at 2.150-2.250 EPS. Equities research analysts anticipate that Itron, Inc. will post 5.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Oppenheimer set a $145.00 price objective on shares of Itron and gave the stock an “outperform” rating in a research note on Friday. Wall Street Zen upgraded shares of Itron from a “hold” rating to a “buy” rating in a research note on Saturday. Robert W. Baird reiterated a “neutral” rating and set a $118.00 price objective (down from $137.00) on shares of Itron in a research note on Friday. Johnson Rice downgraded shares of Itron from a “buy” rating to an “accumulate” rating in a research note on Friday, August 1st. Finally, Stephens restated an “equal weight” rating and issued a $130.00 target price on shares of Itron in a research note on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Itron presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.00.

Itron 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.