Ieq Capital LLC Sells 4,271 Shares of Itron, Inc. $ITRI

Key Points

• Ieq Capital LLC reduced its stake in Itron, Inc. by 48.1% in Q1, holding 4,612 shares valued at approximately $483,000.
• Itron reported $1.62 earnings per share (EPS) for Q2, exceeding analysts' expectations, but its revenue of $606.76 million fell short of estimates.
• Recent analyses show a mix of ratings for Itron, with the consensus rating being a "Moderate Buy" and a target price of $136.55.

Ieq Capital LLC lessened its position in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 48.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,612 shares of the scientific and technical instruments company's stock after selling 4,271 shares during the period. Ieq Capital LLC's holdings in Itron were worth $483,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ITRI. Wayfinding Financial LLC acquired a new stake in Itron during the 1st quarter worth approximately $45,000. CoreCap Advisors LLC boosted its position 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 valued at $67,000 after acquiring an additional 125 shares during the period. Contravisory Investment Management Inc. boosted its position in shares of Itron by 98.0% in 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 period. Captrust Financial Advisors increased its position in 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 acquiring an additional 128 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC raised its stake in 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 purchasing an additional 160 shares in the last quarter. Institutional investors and hedge funds own 96.19% of the company's stock.

Analyst Ratings Changes

ITRI has been the subject of a number of analyst reports. TD Cowen lifted their price target on shares of Itron from $139.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, June 20th. Roth Capital lifted their price objective on Itron from $130.00 to $150.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Guggenheim reissued a "buy" rating and set a $155.00 target price (up from $133.00) on shares of Itron in a report on Monday, July 14th. Johnson Rice cut Itron from a "buy" rating to an "accumulate" rating in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. raised shares of Itron from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $128.00 to $145.00 in a research report on Thursday, July 31st. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Itron presently has a consensus rating of "Moderate Buy" and an average target price of $136.55.

Insider Buying and Selling at Itron

In related news, SVP Justin K. Patrick sold 388 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 $48,620.28. Following the completion of the transaction, the senior vice president owned 20,761 shares of the company's stock, valued at $2,601,560.91. This trade represents a 1.83% decrease in their ownership of the stock. The sale 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 business's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $125.31, for a total transaction of $70,800.15. Following the transaction, the senior vice president owned 14,396 shares in the company, valued at $1,803,962.76. The trade was a 3.78% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,073 shares of company stock worth $1,480,880. Company insiders own 1.51% of the company's stock.

Itron Trading Down 0.3%

NASDAQ ITRI traded down $0.33 on Monday, reaching $120.12. The company had a trading volume of 479,782 shares, compared to its average volume of 589,580. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of 20.53, a P/E/G ratio of 0.66 and a beta of 1.46. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.04 and a quick ratio of 1.75. Itron, Inc. has a fifty-two week low of $90.11 and a fifty-two week high of $140.04. The business has a 50 day moving average of $129.33 and a two-hundred day moving average of $116.89.

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 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $610.36 million. During the same quarter in the previous year, the company posted $1.21 EPS. The business's revenue was down .4% on a year-over-year basis. Itron has set its FY 2025 guidance at 6.000-6.200 EPS. Q3 2025 guidance at 1.450-1.550 EPS. Analysts forecast that Itron, Inc. will post 5.33 EPS for the current year.

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.