Fox Run Management L.L.C. Invests $1.82 Million in Itron, Inc. $ITRI

Key Points

• Fox Run Management L.L.C. acquired 17,370 shares of Itron, Inc., valued at approximately $1,820,000, during the first quarter.
• Analysts have issued multiple upgrades for Itron's stock, with target prices ranging from $130.00 to $150.00 and an average rating of "Moderate Buy."
• In the most recent quarter, Itron reported an earnings per share (EPS) of $1.62, exceeding estimates, despite a slight revenue decline year-over-year.

Fox Run Management L.L.C. purchased a new stake in Itron, Inc. (NASDAQ:ITRI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,370 shares of the scientific and technical instruments company's stock, valued at approximately $1,820,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ITRI. GeoWealth Management LLC lifted its holdings in Itron by 4,580.0% during the 4th quarter. GeoWealth Management LLC now owns 234 shares of the scientific and technical instruments company's stock worth $25,000 after buying an additional 229 shares during the last quarter. Wayfinding Financial LLC bought a new position in Itron during the 1st quarter worth approximately $45,000. CoreCap Advisors LLC lifted its holdings in Itron by 25.5% during the 4th quarter. CoreCap Advisors LLC now owns 616 shares of the scientific and technical instruments company's stock worth $67,000 after buying an additional 125 shares during the last quarter. Contravisory Investment Management Inc. lifted its holdings in Itron by 98.0% during the 1st quarter. Contravisory Investment Management Inc. now owns 1,711 shares of the scientific and technical instruments company's stock worth $179,000 after buying an additional 847 shares during the last quarter. Finally, Hancock Whitney Corp bought a new position in Itron during the 4th quarter worth approximately $220,000. Hedge funds and other institutional investors own 96.19% of the company's stock.

Wall Street Analysts Forecast Growth

ITRI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised Itron from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $128.00 to $145.00 in a report on Thursday, July 31st. Wall Street Zen raised Itron from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Roth Capital raised their price target on Itron from $130.00 to $150.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. TD Cowen raised their price target on Itron from $139.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, June 20th. Finally, Guggenheim reissued a "buy" rating and issued a $155.00 price target (up previously from $133.00) on shares of Itron in a report on Monday, July 14th. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $136.25.

Itron Stock Performance

ITRI traded down $1.74 during trading hours on Tuesday, hitting $125.64. The company's stock had a trading volume of 122,936 shares, compared to its average volume of 589,337. Itron, Inc. has a fifty-two week low of $90.11 and a fifty-two week 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. The firm has a market capitalization of $5.74 billion, a PE ratio of 21.42, a PEG ratio of 0.69 and a beta of 1.35. The company has a 50-day simple moving average of $130.37 and a 200 day simple moving average of $114.73.

Itron (NASDAQ:ITRI - Get Free Report) last posted its earnings results on Thursday, July 31st. The scientific and technical instruments company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.33 by $0.29. Itron had a return on equity of 19.69% and a net margin of 11.05%.The firm had revenue of $606.76 million for the quarter, compared to analysts' expectations of $610.36 million. During the same period last year, the firm earned $1.21 EPS. The firm's revenue was down .4% compared to the same quarter last year. 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, sell-side analysts expect that Itron, Inc. will post 5.33 EPS for the current year.

Insider Activity at Itron

In other news, SVP Justin K. Patrick sold 9,036 shares of Itron stock in a transaction 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 directly owned 21,149 shares in the company, valued at approximately $2,575,313.73. This trade represents a 29.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Donald L. Reeves III sold 529 shares of Itron stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $114.95, for a total value of $60,808.55. Following the transaction, the senior vice president owned 20,151 shares in the company, valued at approximately $2,316,357.45. This trade represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,755 shares of company stock worth $1,879,397 in the last quarter. Company insiders own 1.45% of the company's stock.

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.