New York State Teachers Retirement System Acquires 2,560 Shares of Itron, Inc. $ITRI

Key Points

• The New York State Teachers Retirement System increased its Itron holdings by 4.9% in the second quarter, now owning 55,064 shares valued at approximately $7.25 million.
• Institutional investors collectively own 96.19% of Itron, with various funds significantly increasing their positions recently, including REAP Financial Group which boosted its stake by 168.4%.
• Itron's recent performance included an earnings per share of $1.62 for the last quarter, exceeding analysts' expectations of $1.33, amid a slight revenue decline year-over-year.

New York State Teachers Retirement System boosted its holdings in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 4.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,064 shares of the scientific and technical instruments company's stock after buying an additional 2,560 shares during the quarter. New York State Teachers Retirement System owned about 0.12% of Itron worth $7,248,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wayfinding Financial LLC acquired a new position in shares of Itron during the 1st quarter valued at about $45,000. REAP Financial Group LLC boosted its position in Itron by 168.4% during the second quarter. REAP Financial Group LLC now owns 424 shares of the scientific and technical instruments company's stock worth $56,000 after purchasing an additional 266 shares during the period. Quarry LP grew its holdings in Itron by 155.6% during 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. Farther Finance Advisors LLC raised its position in shares of Itron by 52.5% in the second quarter. Farther Finance Advisors LLC now owns 1,240 shares of the scientific and technical instruments company's stock valued at $163,000 after purchasing an additional 427 shares during the period. Finally, ST Germain D J Co. Inc. acquired a new stake in shares of Itron in the second quarter worth $170,000. Institutional investors and hedge funds own 96.19% of the company's stock.

Insider Buying and Selling

In other news, SVP Justin K. Patrick sold 388 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 transaction of $48,620.28. Following the completion of 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Joan S. Hooper sold 970 shares of Itron stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $125.31, for a total transaction of $121,550.70. Following the sale, the chief financial officer owned 88,394 shares in the company, valued at approximately $11,076,652.14. This trade represents a 1.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,037 shares of company stock worth $380,566. Insiders own 1.51% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on ITRI shares. Guggenheim reiterated 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. Roth Capital upped their price target on shares of Itron from $130.00 to $150.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Wall Street Zen downgraded Itron from a "buy" rating to a "hold" rating in a research report on Saturday. Stephens reiterated an "equal weight" rating and issued a $130.00 price objective on shares of Itron in a research note on Tuesday, October 7th. Finally, JPMorgan Chase & Co. increased their target price on Itron from $145.00 to $155.00 and gave the company an "overweight" rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $138.10.

Itron Price Performance

Shares of ITRI stock opened at $131.33 on Monday. Itron, Inc. has a 12 month low of $90.11 and a 12 month high of $140.04. The company has a market capitalization of $6.00 billion, a P/E ratio of 22.45, a P/E/G ratio of 0.72 and a beta of 1.48. The stock has a 50 day moving average of $124.08 and a two-hundred day moving average of $120.90. 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 released 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. The business had revenue of $606.76 million for the quarter, compared to analysts' expectations of $610.36 million. Itron had a return on equity of 19.69% and a net margin of 11.05%.Itron's quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the business posted $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. As a group, equities analysts expect that Itron, Inc. will post 5.33 EPS for the current year.

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.

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