Graham Capital Management L.P. Purchases 12,168 Shares of Itron, Inc. $ITRI

Key Points

• Graham Capital Management L.P. increased its stake in Itron, Inc. by 116.5% during the first quarter, now holding 22,609 shares valued at approximately $2.37 million.
• Several hedge funds, including Envestnet Asset Management and Sowell Financial Services, also expanded their investments in Itron, with institutional investors owning 96.19% of the company’s stock.
• Itron's recent earnings report showed an EPS of $1.62, exceeding estimates, while setting FY 2025 guidance of 6.000-6.200 EPS despite a 0.4% revenue decline year-over-year.

Graham Capital Management L.P. raised its position in Itron, Inc. (NASDAQ:ITRI - Free Report) by 116.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 22,609 shares of the scientific and technical instruments company's stock after acquiring an additional 12,168 shares during the period. Graham Capital Management L.P.'s holdings in Itron were worth $2,369,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the stock. Invesco Ltd. lifted its holdings in shares of Itron by 2.7% in the first quarter. Invesco Ltd. now owns 2,310,769 shares of the scientific and technical instruments company's stock valued at $242,076,000 after purchasing an additional 59,962 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Itron by 11.4% in the fourth quarter. Northern Trust Corp now owns 572,266 shares of the scientific and technical instruments company's stock valued at $62,137,000 after purchasing an additional 58,546 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Itron by 21.5% in the fourth quarter. Nuveen Asset Management LLC now owns 560,478 shares of the scientific and technical instruments company's stock valued at $60,857,000 after purchasing an additional 99,142 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Itron by 2.4% during the fourth quarter. Janus Henderson Group PLC now owns 536,288 shares of the scientific and technical instruments company's stock worth $58,233,000 after acquiring an additional 12,810 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in Itron by 15.2% during the first quarter. Wellington Management Group LLP now owns 384,152 shares of the scientific and technical instruments company's stock worth $40,244,000 after acquiring an additional 50,789 shares during the period. Institutional investors own 96.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Stephens set a $130.00 price target on Itron in a report on Monday, August 4th. 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 research note on Saturday, August 2nd. JPMorgan Chase & Co. upgraded Itron from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $128.00 to $145.00 in a research note on Thursday, July 31st. Finally, Guggenheim restated a "buy" rating and issued a $155.00 target price (up from $133.00) on shares of Itron in a research note on Monday, July 14th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, Itron presently has an average rating of "Moderate Buy" and a consensus target price of $136.55.

Itron Stock Performance

Shares of NASDAQ:ITRI traded down $0.67 during midday trading on Friday, reaching $120.45. 623,729 shares of the company traded hands, compared to its average volume of 484,868. Itron, Inc. has a 12 month low of $90.11 and a 12 month high of $140.04. The firm's fifty day moving average price is $129.33 and its two-hundred day moving average price is $116.75. The company has a quick ratio of 1.75, a current ratio of 2.04 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 0.66 and a beta of 1.46.

Itron (NASDAQ:ITRI - Get Free Report) last posted its earnings results on Thursday, July 31st. The scientific and technical instruments company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.33 by $0.29. Itron had a return on equity of 19.69% and a net margin of 11.05%.The business had revenue of $606.76 million during the quarter, compared to analysts' expectations of $610.36 million. During the same period in the previous year, the business earned $1.21 earnings per share. The firm'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. On average, equities analysts expect that Itron, Inc. will post 5.33 earnings per share for the current year.

Insider Transactions at Itron

In other news, SVP John F. Marcolini sold 565 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $125.31, for a total value of $70,800.15. Following the completion of the sale, the senior vice president owned 14,396 shares of the company's stock, valued at approximately $1,803,962.76. The trade was a 3.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Donald L. Reeves III sold 547 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 $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 approximately $2,456,577.24. This trade represents a 2.71% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 12,073 shares of company stock worth $1,480,880. Company insiders own 1.45% of the company's stock.

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.