TT International Asset Management LTD Buys Shares of 4,923 Itron, Inc. $ITRI

Key Points

• TT International Asset Management LTD has acquired 4,923 shares of Itron, Inc. valued at approximately $648,000 as part of their new investment position.
• Insider transactions revealed that two senior vice presidents sold a combined total of 898 shares of Itron stock, indicating slight reductions in their holdings.
• Wall Street analysts have upgraded their ratings on Itron, now reflecting a consensus of "Moderate Buy" with price targets rising to as high as $145.00.

TT International Asset Management LTD acquired a new position in Itron, Inc. (NASDAQ:ITRI - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,923 shares of the scientific and technical instruments company's stock, valued at approximately $648,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Financiere des Professionnels Fonds d investissement inc. acquired a new position in shares of Itron in the second quarter valued at $284,000. Harbor Capital Advisors Inc. increased its holdings in Itron by 3.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 12,290 shares of the scientific and technical instruments company's stock worth $1,618,000 after purchasing an additional 462 shares in the last quarter. Davis Investment Partners LLC bought a new stake in shares of Itron during the 2nd quarter valued at about $665,000. Strs Ohio bought a new position in shares of Itron in the first quarter valued at approximately $430,000. Finally, Intech Investment Management LLC increased its position in Itron by 17.7% in the first quarter. Intech Investment Management LLC now owns 48,699 shares of the scientific and technical instruments company's stock worth $5,102,000 after buying an additional 7,336 shares during the last quarter. Hedge funds and other institutional investors own 96.19% of the company's stock.

Itron Stock Performance

Shares of Itron stock traded down $0.46 during trading on Friday, hitting $120.63. 2,016,155 shares of the stock were exchanged, compared to its average volume of 605,363. The company has a fifty day moving average price of $126.37 and a 200-day moving average price of $117.90. The stock has a market capitalization of $5.52 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 0.66 and a beta of 1.46. Itron, Inc. has a 1-year low of $90.11 and a 1-year high of $140.04. 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 (NASDAQ:ITRI - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The scientific and technical instruments company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.29. Itron had a net margin of 11.05% and a return on equity of 19.69%. The firm had revenue of $606.76 million during the quarter, compared to analysts' expectations of $610.36 million. During the same period in the prior year, the company posted $1.21 EPS. The company's revenue was down .4% on a year-over-year basis. Itron has set its FY 2025 guidance at 6.000-6.200 EPS. Q3 2025 guidance at 1.450-1.550 EPS. As a group, equities analysts predict that Itron, Inc. will post 5.33 EPS for the current fiscal year.

Insider Buying and Selling at Itron

In related news, SVP John F. Marcolini sold 565 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $125.31, for a total transaction of $70,800.15. Following the sale, the senior vice president directly owned 14,396 shares of the company's stock, valued at approximately $1,803,962.76. This represents a 3.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Justin K. Patrick sold 388 shares of the firm's 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 completion of the transaction, the senior vice president directly owned 20,761 shares of the company's stock, valued at approximately $2,601,560.91. This trade represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,037 shares of company stock worth $380,566. 1.45% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ITRI shares. TD Cowen upped their target price on Itron from $139.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, June 20th. Stephens set a $130.00 price objective on Itron in a report on Monday, August 4th. JPMorgan Chase & Co. raised shares of Itron from a "neutral" rating to an "overweight" rating and increased their price target for the company from $128.00 to $145.00 in a research note on Thursday, July 31st. Guggenheim reissued a "buy" rating and issued a $155.00 price objective (up from $133.00) on shares of Itron in a research report on Monday, July 14th. Finally, Johnson Rice downgraded shares of Itron from a "buy" rating to an "accumulate" rating in a research report on Friday, August 1st. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $136.55.

About Itron

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.