Intech Investment Management LLC Purchases 7,336 Shares of Itron, Inc. $ITRI

Key Points

• Intech Investment Management LLC increased its holdings in Itron, Inc. by 17.7% in the first quarter, now owning 48,699 shares valued at approximately $5.1 million.
• Several institutional investors, including Janney Montgomery Scott LLC and Evergreen Capital Management LLC, also raised their stakes in Itron during the same period, indicating strong institutional interest.
• Itron recently reported $1.62 EPS for the last quarter, surpassing analysts' expectations, while also providing FY 2025 EPS guidance between 6.000-6.200.

Intech Investment Management LLC lifted its holdings in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 17.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,699 shares of the scientific and technical instruments company's stock after buying an additional 7,336 shares during the period. Intech Investment Management LLC owned about 0.11% of Itron worth $5,102,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Wayfinding Financial LLC bought a new position in Itron in the 1st quarter valued at about $45,000. Quarry LP increased its holdings in shares of Itron by 155.6% during the first quarter. Quarry LP now owns 910 shares of the scientific and technical instruments company's stock worth $95,000 after purchasing an additional 554 shares during the period. Contravisory Investment Management Inc. boosted its position in shares of 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 acquiring an additional 847 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of Itron by 6.3% during the 4th 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 in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of Itron by 7.3% during 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 acquiring an additional 160 shares in the last quarter. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Itron Stock Up 0.5%

Itron stock traded up $0.63 during midday trading on Monday, hitting $120.17. 430,032 shares of the stock were exchanged, compared to its average volume of 586,423. Itron, Inc. has a 52-week low of $90.11 and a 52-week high of $140.04. The stock has a market capitalization of $5.49 billion, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 0.66 and a beta of 1.46. The business's 50-day moving average price is $127.60 and its 200-day moving average price is $117.63. The company has a quick ratio of 1.75, a current ratio of 2.04 and a debt-to-equity ratio of 0.48.

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 analysts' expectations of $610.36 million. Itron had a net margin of 11.05% and a return on equity of 19.69%. The firm's revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the company 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, research analysts expect that Itron, Inc. will post 5.33 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on ITRI. 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 report on Thursday, July 31st. TD Cowen lifted their target price on shares of Itron from $139.00 to $145.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. Guggenheim reissued a "buy" rating and set a $155.00 target price (up previously from $133.00) on shares of Itron in a research note on Monday, July 14th. Wall Street Zen raised shares of Itron from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Stephens set a $130.00 price target on shares of Itron in a research note on Monday, August 4th. Ten 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, Itron has an average rating of "Moderate Buy" and an average target price of $136.55.

Insider Transactions at Itron

In other Itron news, SVP John F. Marcolini sold 565 shares of the business's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $125.31, for a total value of $70,800.15. Following the transaction, the senior vice president directly owned 14,396 shares in the company, valued at $1,803,962.76. The trade was a 3.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Christopher E. Ware sold 351 shares of the business's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $125.31, for a total transaction of $43,983.81. Following the completion of 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 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 valued at $380,566. Corporate insiders own 1.51% of the company's stock.

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.