Dimensional Fund Advisors LP Has $120.78 Million Holdings in Itron, Inc. $ITRI

Key Points

• Dimensional Fund Advisors LP has reduced its stake in Itron, Inc. by 8.2% in the first quarter, owning approximately $120.78 million worth of shares after selling over 102,000 shares.
• Itron reported earnings per share of $1.62 for the quarter, exceeding analyst expectations of $1.33, alongside a revenue of $606.76 million, slightly below forecasts.
• Institutional investors own 96.19% of Itron's stock, showing significant confidence in the company's performance, and multiple analysts have recently upgraded their price targets for the stock.

Dimensional Fund Advisors LP reduced its position in Itron, Inc. (NASDAQ:ITRI - Free Report) by 8.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,153,016 shares of the scientific and technical instruments company's stock after selling 102,608 shares during the period. Dimensional Fund Advisors LP owned 2.53% of Itron worth $120,784,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Raiffeisen Bank International AG bought a new position in shares of Itron in the 4th quarter worth $27,619,000. Wellington Management Group LLP grew its stake in Itron by 180.7% in the fourth quarter. Wellington Management Group LLP now owns 333,363 shares of the scientific and technical instruments company's stock valued at $36,197,000 after acquiring an additional 214,600 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Itron in the fourth quarter valued at about $14,563,000. GAMMA Investing LLC grew its stake in Itron by 10,278.1% in the first quarter. GAMMA Investing LLC now owns 122,150 shares of the scientific and technical instruments company's stock valued at $12,796,000 after acquiring an additional 120,973 shares during the period. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Itron by 21.5% in the fourth quarter. Nuveen Asset Management LLC now owns 560,478 shares of the scientific and technical instruments company's stock valued at $60,857,000 after purchasing an additional 99,142 shares in the last quarter. 96.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ITRI has been the topic of a number of research reports. Johnson Rice lowered Itron from a "buy" rating to an "accumulate" rating in a report on Friday, August 1st. Stephens set a $130.00 price target on Itron in a report on Monday, August 4th. Roth Capital boosted their price target on Itron from $130.00 to $150.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Wall Street Zen upgraded Itron from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Piper Sandler cut their price target on Itron from $124.00 to $121.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Itron has an average rating of "Moderate Buy" and a consensus target price of $136.25.

Itron Stock Up 0.6%

Shares of NASDAQ:ITRI traded up $0.75 during midday trading on Tuesday, reaching $124.80. The company had a trading volume of 128,566 shares, compared to its average volume of 585,360. 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 business's 50 day moving average price is $130.55 and its 200 day moving average price is $115.40. The stock has a market cap of $5.71 billion, a PE ratio of 21.32, a P/E/G ratio of 0.69 and a beta of 1.35. Itron, Inc. has a 1-year low of $90.11 and a 1-year high of $140.04.

Itron (NASDAQ:ITRI - Get Free Report) last released its earnings results on Thursday, July 31st. The scientific and technical instruments company reported $1.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.29. The business had revenue of $606.76 million for the quarter, compared to the consensus estimate of $610.36 million. Itron had a return on equity of 19.69% and a net margin of 11.05%.Itron's quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.21 earnings per share. Itron has set its FY 2025 guidance at 6.000-6.200 EPS. Q3 2025 guidance at 1.450-1.550 EPS. Research analysts forecast that Itron, Inc. will post 5.33 EPS for the current fiscal year.

Insider Buying and Selling

In other Itron news, SVP Justin K. Patrick sold 9,036 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $121.77, for a total transaction of $1,100,313.72. Following the transaction, the senior vice president owned 21,149 shares of the company's stock, valued at $2,575,313.73. The trade was a 29.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP John F. Marcolini sold 3,783 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $116.73, for a total value of $441,589.59. Following the transaction, the senior vice president directly owned 21,865 shares in the company, valued at approximately $2,552,301.45. This trade represents a 14.75% decrease in their position. The disclosure for this sale can be found here. 1.51% of the stock is owned by insiders.

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.