Itron, Inc. $ITRI Shares Sold by Bailard Inc.

Bailard Inc. lowered its position in shares of Itron, Inc. (NASDAQ:ITRI) by 10.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,738 shares of the scientific and technical instruments company’s stock after selling 3,063 shares during the quarter. Bailard Inc. owned approximately 0.06% of Itron worth $3,520,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its position 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. Farther Finance Advisors LLC increased its stake in shares of 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 valued at $163,000 after acquiring an additional 427 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Itron by 42.7% during the 1st quarter. Hsbc Holdings PLC now owns 31,610 shares of the scientific and technical instruments company’s stock worth $3,277,000 after acquiring an additional 9,461 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Itron by 12.6% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 34,073 shares of the scientific and technical instruments company’s stock worth $3,569,000 after acquiring an additional 3,813 shares during the last quarter. Finally, Jefferies Financial Group Inc. purchased a new stake in Itron in the first quarter valued at approximately $737,000. 96.19% of the stock is owned by hedge funds and other institutional investors.

Itron Trading Up 1.4%

NASDAQ:ITRI opened at $104.88 on Thursday. The business’s 50-day moving average is $121.82 and its two-hundred day moving average is $123.11. The firm has a market capitalization of $4.80 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 0.76 and a beta of 1.52. Itron, Inc. has a 12 month low of $90.11 and a 12 month 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.

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

Insider Buying and Selling at Itron

In other Itron news, CFO Joan S. Hooper sold 970 shares of the business’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $125.31, for a total value of $121,550.70. Following the transaction, the chief financial officer owned 88,394 shares in the company, valued at $11,076,652.14. The trade was a 1.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through 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 shares were sold at an average price of $125.31, for a total transaction of $68,544.57. Following the completion of the transaction, the senior vice president directly owned 19,604 shares of the company’s stock, valued at approximately $2,456,577.24. The trade was a 2.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 3,037 shares of company stock valued at $380,566. 1.51% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on ITRI. Robert W. Baird reaffirmed a “neutral” rating and set a $118.00 price target (down previously from $137.00) on shares of Itron in a research note on Friday, October 31st. Oppenheimer set a $145.00 target price on Itron and gave the stock an “outperform” rating in a research report on Friday, October 31st. Zacks Research upgraded Itron from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. Argus restated a “hold” rating on shares of Itron in a research note on Tuesday, November 4th. Finally, Johnson Rice downgraded Itron from a “buy” rating to an “accumulate” rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.