Great Lakes Advisors LLC Decreases Position in Itron, Inc. $ITRI

Key Points

• Great Lakes Advisors LLC has reduced its stake in Itron, Inc. by 9.1%, selling 3,447 shares and now holds approximately 0.08% of the company, valued at $3.6 million.
• Itron reported earnings of $1.62 EPS, exceeding estimates, with a revenue of $606.76 million, slightly below expectations.
• Analysts have recently upgraded Itron's stock rating to "buy" and revised the price targets, with some as high as $155.00, indicating a strong positive outlook.

Great Lakes Advisors LLC cut its holdings in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 9.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,291 shares of the scientific and technical instruments company's stock after selling 3,447 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.08% of Itron worth $3,592,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Janney Montgomery Scott LLC raised its holdings in Itron by 0.7% during the first quarter. Janney Montgomery Scott LLC now owns 16,795 shares of the scientific and technical instruments company's stock valued at $1,759,000 after acquiring an additional 121 shares during the period. CoreCap Advisors LLC increased its holdings in shares of Itron by 25.5% in the fourth quarter. CoreCap Advisors LLC now owns 616 shares of the scientific and technical instruments company's stock worth $67,000 after purchasing an additional 125 shares during the last quarter. Evergreen Capital Management LLC increased its holdings in shares of Itron by 3.7% in the first quarter. Evergreen Capital Management LLC now owns 3,586 shares of the scientific and technical instruments company's stock worth $376,000 after purchasing an additional 127 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of Itron by 6.3% in 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 last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of Itron by 2.0% in the first quarter. HighTower Advisors LLC now owns 7,501 shares of the scientific and technical instruments company's stock worth $786,000 after purchasing an additional 146 shares during the last quarter. 96.19% of the stock is owned by institutional investors.

Itron Trading Down 1.7%

Shares of NASDAQ ITRI traded down $2.04 during trading hours on Tuesday, reaching $118.14. The stock had a trading volume of 79,706 shares, compared to its average volume of 591,969. 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 cap of $5.40 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 0.66 and a beta of 1.46. The business's fifty day moving average price is $127.60 and its two-hundred day moving average price is $117.63. Itron, Inc. has a 52-week low of $90.11 and a 52-week high of $140.04.

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 analysts' consensus estimates of $1.33 by $0.29. The firm had revenue of $606.76 million during the quarter, compared to analyst estimates 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. Analysts expect that Itron, Inc. will post 5.33 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ITRI shares. TD Cowen lifted 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. Johnson Rice cut Itron from a "buy" rating to an "accumulate" rating in a report on Friday, August 1st. Roth Capital lifted their target price on Itron from $130.00 to $150.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Guggenheim reaffirmed a "buy" rating and issued a $155.00 target price (up from $133.00) on shares of Itron in a report on Monday, July 14th. Finally, JPMorgan Chase & Co. raised Itron from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $128.00 to $145.00 in a report on Thursday, July 31st. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $136.55.

Insider Activity at Itron

In other Itron news, SVP Justin K. Patrick sold 388 shares of the company's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $125.31, for a total transaction of $48,620.28. Following the completion of the sale, the senior vice president owned 20,761 shares in the company, valued at $2,601,560.91. This represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John F. Marcolini sold 565 shares of the company's stock in a transaction on Monday, August 25th. The stock was 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 disclosure for this sale can be found here. Insiders have sold 3,037 shares of company stock valued at $380,566 over the last 90 days. Insiders own 1.51% of the company's stock.

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.