Great Lakes Advisors LLC Sells 3,447 Shares of 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 decreased 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 institutional investor 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 about 0.08% of Itron worth $3,592,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Sowell Financial Services LLC purchased a new stake in Itron during the first quarter valued at approximately $266,000. Envestnet Asset Management Inc. raised its holdings in Itron by 119.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 77,060 shares of the scientific and technical instruments company's stock valued at $8,073,000 after buying an additional 41,984 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Itron by 54.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,278 shares of the scientific and technical instruments company's stock valued at $658,000 after buying an additional 2,201 shares during the period. Principal Financial Group Inc. lifted its position in Itron by 2.5% in the first quarter. Principal Financial Group Inc. now owns 270,672 shares of the scientific and technical instruments company's stock worth $28,356,000 after buying an additional 6,700 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in Itron by 42.7% during the first quarter. Hsbc Holdings PLC now owns 31,610 shares of the scientific and technical instruments company's stock worth $3,277,000 after buying an additional 9,461 shares during the period. Institutional investors own 96.19% of the company's stock.

Itron Price Performance

Shares of NASDAQ ITRI opened at $118.29 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.04 and a quick ratio of 1.75. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 0.65 and a beta of 1.46. The firm's 50 day simple moving average is $128.51 and its 200-day simple moving average is $117.09. 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 posted its quarterly earnings data on Thursday, July 31st. The scientific and technical instruments company reported $1.62 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.29. The business had revenue of $606.76 million during the quarter, compared to analysts' expectations of $610.36 million. Itron had a return on equity of 19.69% and a net margin of 11.05%.The business's revenue was down .4% compared to the same quarter last year. During the same period 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 year.

Insider Buying and Selling at Itron

In other Itron news, SVP Justin K. Patrick sold 388 shares of the business'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 transaction, the senior vice president owned 20,761 shares of the company's stock, valued at approximately $2,601,560.91. The trade was a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Donald L. Reeves III sold 547 shares of the firm'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 $68,544.57. Following the completion of the sale, the senior vice president directly owned 19,604 shares of the company's stock, valued at $2,456,577.24. This trade represents a 2.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,037 shares of company stock worth $380,566. 1.45% of the stock is owned by company insiders.

Analysts Set New Price Targets

ITRI has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Itron from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. upgraded shares of Itron from a "neutral" rating to an "overweight" rating and raised their target price for the company from $128.00 to $145.00 in a research note on Thursday, July 31st. Stephens set a $130.00 price target on shares of Itron in a report on Monday, August 4th. Roth Capital upped their price target on Itron from $130.00 to $150.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Finally, Guggenheim reiterated a "buy" rating and set a $155.00 price objective (up previously from $133.00) on shares of Itron in a report on Monday, July 14th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Itron currently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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