Amundi Has $97.31 Million Holdings in Itron, Inc. $ITRI

Key Points

• Amundi increased its stake in Itron, Inc. by 18.4% in Q1, owning a total of 929,407 shares valued at approximately $97.3 million.
• Itron reported $1.62 earnings per share for the last quarter, beating the consensus estimate of $1.33, but its revenue decreased by 0.4% year-over-year.
• Several analysts have issued mixed ratings on Itron, with TD Cowen setting a new target price of $145.00 while maintaining a "buy" rating.

Amundi raised its holdings in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 18.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 929,407 shares of the scientific and technical instruments company's stock after buying an additional 144,361 shares during the period. Amundi owned about 2.04% of Itron worth $97,313,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wayfinding Financial LLC purchased a new position in Itron during the first quarter valued at approximately $45,000. CoreCap Advisors LLC grew its position in Itron by 25.5% during the fourth quarter. CoreCap Advisors LLC now owns 616 shares of the scientific and technical instruments company's stock valued at $67,000 after purchasing an additional 125 shares in the last quarter. Quarry LP grew its position in Itron by 155.6% during the first 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. Contravisory Investment Management Inc. grew its position in Itron by 98.0% during the first quarter. Contravisory Investment Management Inc. now owns 1,711 shares of the scientific and technical instruments company's stock valued at $179,000 after purchasing an additional 847 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in Itron by 6.3% during the fourth quarter. Captrust Financial Advisors now owns 2,144 shares of the scientific and technical instruments company's stock valued at $233,000 after purchasing an additional 128 shares in the last quarter. Institutional investors own 96.19% of the company's stock.

Itron Stock Performance

Shares of Itron stock traded down $0.33 on Monday, reaching $120.12. The stock had a trading volume of 479,782 shares, compared to its average volume of 495,511. Itron, Inc. has a fifty-two week low of $90.11 and a fifty-two week high of $140.04. The business's 50-day moving average price is $129.10 and its two-hundred day moving average price is $117.07. The stock has a market cap of $5.49 billion, a P/E ratio of 20.53, a price-to-earnings-growth ratio of 0.66 and a beta of 1.46. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.75 and a current ratio of 2.04.

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. The firm had revenue of $606.76 million for the quarter, compared to analyst estimates of $610.36 million. Itron had a net margin of 11.05% and a return on equity of 19.69%. The business's revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.21 EPS. Itron has set its FY 2025 guidance at 6.000-6.200 EPS. Q3 2025 guidance at 1.450-1.550 EPS. On average, sell-side analysts forecast that Itron, Inc. will post 5.33 EPS for the current year.

Insider Transactions at Itron

In other news, SVP John F. Marcolini sold 565 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 value of $70,800.15. Following the sale, the senior vice president 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 stock was sold at an average price of $125.31, for a total transaction of $68,544.57. Following the completion of the sale, the senior vice president directly owned 19,604 shares in the company, valued at approximately $2,456,577.24. The trade was a 2.71% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,073 shares of company stock worth $1,480,880. 1.51% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ITRI has been the subject of a number of analyst reports. Johnson Rice cut shares of Itron from a "buy" rating to an "accumulate" rating in a research note on Friday, August 1st. Stephens set a $130.00 target price on shares of Itron in a research note on Monday, August 4th. Wall Street Zen upgraded shares of Itron from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Guggenheim reiterated a "buy" rating and issued a $155.00 target price (up from $133.00) on shares of Itron in a research note on Monday, July 14th. Finally, Roth Capital lifted their target price on shares of Itron from $130.00 to $150.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Itron has an average rating of "Moderate Buy" and a consensus target price of $136.55.

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.