Itron, Inc. $ITRI Shares Bought by Burney Co.

Burney Co. raised its holdings in Itron, Inc. (NASDAQ:ITRI) by 74.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,661 shares of the scientific and technical instruments company’s stock after purchasing an additional 6,244 shares during the period. Burney Co.’s holdings in Itron were worth $1,930,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. raised its position in shares of Itron by 125.7% in the 2nd quarter. Bessemer Group Inc. now owns 255 shares of the scientific and technical instruments company’s stock valued at $34,000 after purchasing an additional 142 shares in the last quarter. Wayfinding Financial LLC acquired a new position in shares of Itron in the 1st quarter valued at approximately $45,000. REAP Financial Group LLC raised its position in shares of Itron by 168.4% in the 2nd quarter. REAP Financial Group LLC now owns 424 shares of the scientific and technical instruments company’s stock valued at $56,000 after purchasing an additional 266 shares in the last quarter. Quarry LP raised its position in shares of Itron by 155.6% in the 1st quarter. Quarry LP now owns 910 shares of the scientific and technical instruments company’s stock valued at $95,000 after purchasing an additional 554 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Itron by 20.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,008 shares of the scientific and technical instruments company’s stock valued at $133,000 after purchasing an additional 168 shares in the last quarter. 96.19% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Itron

In other Itron news, SVP Christopher E. Ware sold 351 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $125.31, for a total value of $43,983.81. Following the sale, the senior vice president directly owned 19,117 shares of the company’s stock, valued at $2,395,551.27. This trade represents a 1.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Joan S. Hooper sold 970 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $125.31, for a total value of $121,550.70. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 3,037 shares of company stock valued at $380,566 over the last three months. 1.45% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ITRI has been the topic of a number of recent analyst reports. Johnson Rice lowered Itron from a “buy” rating to an “accumulate” rating in a research report on Friday, August 1st. Argus reissued a “hold” rating on shares of Itron in a research report on Tuesday. Wall Street Zen raised Itron from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Research raised Itron from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. Finally, Baird R W lowered Itron from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $139.00.

Itron Price Performance

Shares of NASDAQ ITRI opened at $106.56 on Wednesday. Itron, Inc. has a 1-year low of $90.11 and a 1-year high of $142.00. 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 fifty day moving average price is $123.97 and its two-hundred day moving average price is $123.30. The firm has a market capitalization of $4.87 billion, a PE ratio of 18.22, a P/E/G ratio of 0.76 and a beta of 1.48.

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

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.