Trexquant Investment LP Has $17.66 Million Stock Position in Itron, Inc. $ITRI

Key Points

• Trexquant Investment LP has increased its stake in Itron, Inc. by 122.5%, owning approximately 0.37% of the company, worth $17.65 million, after purchasing an additional 92,773 shares in the 1st quarter.
• Itron reported $1.62 EPS for the last quarter, exceeding analysts' expectations of $1.33, but the company's revenue decreased by 0.4% year-over-year.
• The stock has received multiple rating updates, with a consensus rating of "Moderate Buy" and an average target price of $136.25 from investment analysts.

Trexquant Investment LP grew its stake in Itron, Inc. (NASDAQ:ITRI - Free Report) by 122.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,535 shares of the scientific and technical instruments company's stock after acquiring an additional 92,773 shares during the period. Trexquant Investment LP owned 0.37% of Itron worth $17,656,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ITRI. Wayfinding Financial LLC bought a new position in shares of Itron in the 1st quarter valued at about $45,000. CoreCap Advisors LLC grew its holdings in Itron by 25.5% during 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 period. Contravisory Investment Management Inc. grew its holdings in Itron by 98.0% during the first quarter. Contravisory Investment Management Inc. now owns 1,711 shares of the scientific and technical instruments company's stock worth $179,000 after purchasing an additional 847 shares during the period. NewEdge Advisors LLC bought a new position in Itron during the fourth quarter worth about $229,000. Finally, Captrust Financial Advisors grew its holdings 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 purchasing an additional 128 shares during the period. Institutional investors own 96.19% of the company's stock.

Insider Buying and Selling

In other news, SVP Donald L. Reeves III sold 547 shares of Itron stock in a transaction that occurred on Monday, August 25th. The shares were 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 in the company, valued at approximately $2,456,577.24. The trade was a 2.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Joan S. Hooper sold 970 shares of Itron stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $125.31, for a total transaction of $121,550.70. Following the completion of the sale, the chief financial officer owned 88,394 shares of the company's stock, valued at approximately $11,076,652.14. The trade was a 1.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,856 shares of company stock valued at $1,922,470 in the last quarter. Corporate insiders own 1.51% of the company's stock.

Analysts Set New Price Targets

ITRI has been the subject of a number of research analyst reports. TD Cowen lifted 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. Wall Street Zen upgraded Itron from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Johnson Rice cut Itron from a "buy" rating to an "accumulate" rating in a report on Friday, August 1st. Guggenheim restated 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. Finally, Stephens set a $130.00 price objective on Itron in a report on Monday, August 4th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $136.25.

Itron Price Performance

Shares of NASDAQ ITRI traded down $0.54 during midday trading on Friday, reaching $122.94. The company's stock had a trading volume of 650,643 shares, compared to its average volume of 565,093. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.75 and a current ratio of 2.04. Itron, Inc. has a fifty-two week low of $90.11 and a fifty-two week high of $140.04. The business's 50 day moving average price is $130.36 and its two-hundred day moving average price is $116.06. The company has a market cap of $5.62 billion, a P/E ratio of 21.02, a P/E/G ratio of 0.67 and a beta of 1.46.

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, beating analysts' consensus estimates of $1.33 by $0.29. Itron had a net margin of 11.05% and a return on equity of 19.69%. The company had revenue of $606.76 million during the quarter, compared to the consensus estimate of $610.36 million. During the same period in the previous year, the business earned $1.21 earnings per share. The firm's quarterly 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. On average, analysts forecast that Itron, Inc. will post 5.33 EPS for the current fiscal 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.