Intech Investment Management LLC Grows Holdings in Itron, Inc. $ITRI

Intech Investment Management LLC increased its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 16.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 56,576 shares of the scientific and technical instruments company’s stock after purchasing an additional 7,877 shares during the period. Intech Investment Management LLC owned approximately 0.12% of Itron worth $7,447,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its stake in Itron by 125.7% during the second quarter. Bessemer Group Inc. now owns 255 shares of the scientific and technical instruments company’s stock worth $34,000 after purchasing an additional 142 shares in the last quarter. REAP Financial Group LLC raised its holdings 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 buying an additional 266 shares during the period. Allworth Financial LP lifted its stake in Itron by 63.8% during the 2nd quarter. Allworth Financial LP now owns 696 shares of the scientific and technical instruments company’s stock worth $92,000 after acquiring an additional 271 shares in the last quarter. Quarry LP boosted its holdings in Itron by 155.6% during the 1st quarter. Quarry LP now owns 910 shares of the scientific and technical instruments company’s stock valued at $95,000 after acquiring an additional 554 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in Itron by 20.0% during 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 acquiring an additional 168 shares during the period. Institutional investors and hedge funds own 96.19% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on ITRI shares. Zacks Research lowered shares of Itron from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Itron in a research note on Thursday. Roth Capital increased their target price on shares of Itron from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Johnson Rice downgraded shares of Itron from a “buy” rating to an “accumulate” rating in a research note on Friday, August 1st. Finally, Baird R W cut Itron from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 31st. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Itron has an average rating of “Moderate Buy” and a consensus target price of $139.00.

Itron Trading Down 1.0%

NASDAQ ITRI opened at $98.46 on Monday. Itron, Inc. has a 52 week low of $90.11 and a 52 week high of $142.00. The firm has a 50 day moving average of $120.95 and a two-hundred day moving average of $123.04. The company has a quick ratio of 1.75, a current ratio of 2.04 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $4.51 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 0.76 and a beta of 1.52.

Itron (NASDAQ:ITRI) last announced its quarterly earnings data on Thursday, October 30th. The scientific and technical instruments company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.06. The business had revenue of $581.63 million for the quarter, compared to analyst estimates of $578.49 million. Itron had a net margin of 11.05% and a return on equity of 19.69%. The company’s revenue was down 5.5% on a year-over-year basis. During the same period last year, the business earned $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. As a group, research analysts expect that Itron, Inc. will post 5.33 EPS for the current fiscal year.

Insider Activity at Itron

In other news, 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 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. This represents a 2.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Justin K. Patrick sold 388 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 value of $48,620.28. Following the sale, the senior vice president directly owned 20,761 shares in the company, valued at $2,601,560.91. This trade represents a 1.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 3,037 shares of company stock worth $380,566 over the last three months. Company insiders own 1.45% of the company’s stock.

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.