Lisanti Capital Growth LLC Buys New Shares in Itron, Inc. $ITRI

Lisanti Capital Growth LLC bought a new position in shares of Itron, Inc. (NASDAQ:ITRI) in the second quarter, Holdings Channel reports. The fund bought 21,460 shares of the scientific and technical instruments company’s stock, valued at approximately $2,825,000.

Several other hedge funds have also recently added to or reduced their stakes in ITRI. Bessemer Group Inc. lifted its position in shares of Itron by 125.7% during the 2nd quarter. Bessemer Group Inc. now owns 255 shares of the scientific and technical instruments company’s stock valued at $34,000 after acquiring an additional 142 shares during the last quarter. REAP Financial Group LLC lifted its holdings in shares of Itron by 168.4% during the second 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 during the last quarter. Quarry LP boosted 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 during the period. Nisa Investment Advisors LLC increased its stake in 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 worth $133,000 after purchasing an additional 168 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings 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 buying an additional 427 shares during the period. Institutional investors and hedge funds own 96.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Johnson Rice cut shares of Itron from a “buy” rating to an “accumulate” rating in a report on Friday, August 1st. Argus reaffirmed a “hold” rating on shares of Itron in a research note on Tuesday, November 4th. Zacks Research upgraded Itron from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Itron in a report on Wednesday, October 8th. Finally, Guggenheim reissued a “buy” rating and issued a $155.00 price objective (up from $133.00) on shares of Itron in a research note on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $139.00.

Itron Stock Performance

Shares of ITRI stock opened at $105.29 on Friday. Itron, Inc. has a fifty-two week low of $90.11 and a fifty-two week high of $142.00. The stock’s 50-day moving average is $122.93 and its two-hundred day moving average is $123.22. 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 firm has a market cap of $4.82 billion, a P/E ratio of 18.00, a PEG ratio of 0.76 and a beta of 1.52.

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

Insiders Place Their Bets

In other Itron news, SVP Christopher E. Ware sold 351 shares of the firm’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $125.31, for a total transaction of $43,983.81. Following the transaction, the senior vice president directly owned 19,117 shares in the company, valued at $2,395,551.27. This trade represents a 1.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Donald L. Reeves III sold 547 shares of the company’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 sale, the senior vice president owned 19,604 shares of the company’s stock, valued at approximately $2,456,577.24. This trade represents a 2.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 3,037 shares of company stock worth $380,566 in the last 90 days. 1.45% of the stock is owned by corporate insiders.

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.