UniSuper Management Pty Ltd Lowers Position in Itron, Inc. $ITRI

Key Points

• UniSuper Management Pty Ltd has reduced its stake in Itron, Inc. by 58.5%, now owning approximately 0.06% of the company, valued at $2.82 million.
• Itron reported earnings of $1.62 per share in its last quarterly results, exceeding analysts' expectations by $0.29, although revenue fell by 0.4% year-over-year.
• Analysts maintain a consensus rating of "Moderate Buy" for Itron, with a target price averaging $136.55, following several recent upgrades in their ratings.

UniSuper Management Pty Ltd decreased its position in Itron, Inc. (NASDAQ:ITRI - Free Report) by 58.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,924 shares of the scientific and technical instruments company's stock after selling 37,994 shares during the period. UniSuper Management Pty Ltd owned about 0.06% of Itron worth $2,821,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Wayfinding Financial LLC purchased a new position in Itron in the first quarter valued at approximately $45,000. CoreCap Advisors LLC lifted its stake in 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 purchasing an additional 125 shares during the last quarter. Quarry LP lifted its stake in Itron by 155.6% in the first quarter. Quarry LP now owns 910 shares of the scientific and technical instruments company's stock valued at $95,000 after purchasing an additional 554 shares during the last quarter. Contravisory Investment Management Inc. lifted its stake in 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 purchasing an additional 847 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 96.19% of the company's stock.

Itron Trading Up 0.4%

Shares of NASDAQ:ITRI traded up $0.46 on Monday, reaching $120.00. 48,195 shares of the company traded hands, compared to its average volume of 592,944. The business's 50-day simple moving average is $127.88 and its 200 day simple moving average is $117.55. 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 P/E ratio of 20.54, a price-to-earnings-growth ratio of 0.66 and a beta of 1.46. The company has a current ratio of 2.04, a quick ratio of 1.75 and a debt-to-equity ratio of 0.48.

Itron (NASDAQ:ITRI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The scientific and technical instruments company reported $1.62 earnings per share (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 analysts' expectations of $610.36 million. During the same period last year, the firm earned $1.21 earnings per share. The company's revenue for the quarter was down .4% compared to the same quarter last year. Itron has set its FY 2025 guidance at 6.000-6.200 EPS. Q3 2025 guidance at 1.450-1.550 EPS. As a group, equities analysts anticipate that Itron, Inc. will post 5.33 EPS for the current fiscal year.

Analyst Ratings Changes

ITRI has been the topic of several recent research reports. TD Cowen increased 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. Wall Street Zen upgraded Itron from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Stephens set a $130.00 target price on Itron in a research report on Monday, August 4th. Guggenheim restated a "buy" rating and set a $155.00 target price (up previously from $133.00) on shares of Itron in a research report on Monday, July 14th. Finally, Roth Capital increased their target price on Itron from $130.00 to $150.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $136.55.

Insider Activity

In other news, SVP Justin K. Patrick sold 388 shares of the firm's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $125.31, for a total transaction of $48,620.28. Following the transaction, the senior vice president directly owned 20,761 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. Also, SVP Donald L. Reeves III sold 547 shares of the firm'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 transaction, the senior vice president directly owned 19,604 shares in the company, valued at $2,456,577.24. This trade represents a 2.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,037 shares of company stock valued at $380,566. Company insiders own 1.51% 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.