Financiere des Professionnels Fonds d investissement inc. Makes New $284,000 Investment in Itron, Inc. $ITRI

Key Points

• Financiere des Professionnels Fonds d'investissement inc. has made a new $284,000 investment in Itron, Inc., acquiring 2,159 shares of the company's stock.
• Itron's stock has shown fluctuations in analyst ratings, with upgrades from various firms, pushing target prices as high as $150.00.
• In its latest quarterly earnings report, Itron exceeded earnings expectations with $1.62 earnings per share, despite a slight decline in revenue compared to the previous year.

Financiere des Professionnels Fonds d investissement inc. acquired a new stake in Itron, Inc. (NASDAQ:ITRI - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 2,159 shares of the scientific and technical instruments company's stock, valued at approximately $284,000.

Several other hedge funds have also added to or reduced their stakes in the business. Wayfinding Financial LLC bought a new stake in Itron in the first quarter valued at approximately $45,000. Quarry LP increased its position in shares of Itron by 155.6% in the first 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. Contravisory Investment Management Inc. raised its stake in shares of 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 acquiring an additional 847 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of 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 worth $233,000 after purchasing an additional 128 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC grew its position in shares of Itron by 7.3% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,345 shares of the scientific and technical instruments company's stock worth $246,000 after buying an additional 160 shares during the last quarter. 96.19% of the stock is owned by institutional investors.

Itron Stock Performance

ITRI opened at $117.91 on Thursday. The company's 50 day moving average is $126.94 and its 200 day moving average is $117.63. The company has a current ratio of 2.04, a quick ratio of 1.75 and a debt-to-equity ratio of 0.48. The company has a market cap of $5.39 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 0.64 and a beta of 1.46. Itron, Inc. has a 12-month low of $90.11 and a 12-month high of $140.04.

Itron (NASDAQ:ITRI - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The scientific and technical instruments company reported $1.62 earnings per share for the quarter, topping the consensus estimate 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 net margin of 11.05% and a return on equity of 19.69%. The company's quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the firm 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. On average, equities research analysts predict that Itron, Inc. will post 5.33 EPS for the current year.

Insider Activity at Itron

In related news, SVP Christopher E. Ware sold 351 shares of Itron stock in a transaction on Monday, August 25th. The shares were sold at an average price of $125.31, for a total transaction of $43,983.81. Following the transaction, the senior vice president owned 19,117 shares in the company, valued at approximately $2,395,551.27. The trade was a 1.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Donald L. Reeves III sold 547 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $125.31, for a total value of $68,544.57. Following the completion of the sale, the senior vice president owned 19,604 shares of the company's stock, valued at $2,456,577.24. The trade was a 2.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,037 shares of company stock worth $380,566 in the last quarter. 1.45% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on ITRI. TD Cowen lifted their price objective on Itron from $139.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, June 20th. JPMorgan Chase & Co. upgraded Itron from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $128.00 to $145.00 in a research report on Thursday, July 31st. Stephens set a $130.00 price objective on Itron in a report on Monday, August 4th. Roth Capital boosted their target price on shares of Itron from $130.00 to $150.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Finally, Wall Street Zen upgraded shares of Itron from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $136.55.

Itron Company 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.

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