Hotchkis & Wiley Capital Management LLC Sells 35,520 Shares of Itron, Inc. $ITRI

Key Points

• Hotchkis & Wiley Capital Management LLC reduced its stake in Itron, Inc. by 37.1%, owning 60,315 shares worth approximately $6.32 million following the sale of 35,520 shares.
• Several institutional investors increased their holdings in Itron during the same quarter, with Invesco Ltd. growing its stake by 2.7% to $242 million.
• Itron recently reported earnings of $1.62 EPS, surpassing estimates, and set FY 2025 guidance between 6.000-6.200 EPS.

Hotchkis & Wiley Capital Management LLC lessened its position in Itron, Inc. (NASDAQ:ITRI - Free Report) by 37.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 60,315 shares of the scientific and technical instruments company's stock after selling 35,520 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.13% of Itron worth $6,319,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wayfinding Financial LLC bought a new stake in shares of Itron in the 1st quarter worth $45,000. CoreCap Advisors LLC raised its position in shares of 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. raised its position in shares of 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. Hancock Whitney Corp acquired a new stake in shares of Itron during the fourth quarter worth $220,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of Itron during the fourth quarter worth $229,000. Institutional investors own 96.19% of the company's stock.

Itron Stock Down 0.4%

Shares of NASDAQ ITRI traded down $0.45 during mid-day trading on Thursday, reaching $123.48. 619,755 shares of the company traded hands, compared to its average volume of 720,673. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.75 and a current ratio of 2.04. The stock has a market cap of $5.65 billion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 0.68 and a beta of 1.35. The company's fifty day moving average is $130.46 and its two-hundred day moving average is $115.64. Itron, Inc. has a fifty-two week low of $90.11 and a fifty-two week high of $140.04.

Itron (NASDAQ:ITRI - Get Free Report) last issued 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 for 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%.The firm's revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.21 EPS. 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 expect that Itron, Inc. will post 5.33 earnings per share for the current year.

Insider Transactions at Itron

In other Itron news, SVP John F. Marcolini sold 565 shares of the firm's stock in a transaction that occurred 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 $1,803,962.76. This trade represents a 3.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Justin K. Patrick sold 388 shares of the firm's 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 $48,620.28. Following the completion of the sale, the senior vice president directly owned 20,761 shares in the company, valued at $2,601,560.91. This trade represents a 1.83% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,856 shares of company stock worth $1,922,470. Insiders own 1.45% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ITRI shares. JPMorgan Chase & Co. raised Itron from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $128.00 to $145.00 in a research report on Thursday, July 31st. TD Cowen boosted their target price on Itron from $139.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Johnson Rice lowered Itron from a "buy" rating to an "accumulate" rating in a research report on Friday, August 1st. Wall Street Zen raised Itron from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Roth Capital increased their price objective on Itron from $130.00 to $150.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $136.25.

Itron Company 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.