Itron, Inc. $ITRI Shares Bought by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP increased its stake in Itron, Inc. by 22.7% during the 1st quarter, owning a total of 10,889 shares valued at approximately $1.14 million.
• Itron's latest quarterly earnings report revealed earnings per share (EPS) of $1.62, exceeding analysts' expectations of $1.33, with a net margin of 11.05%.
• Several analysts have set target prices for Itron, with Roth Capital increasing its target to $150.00, reflecting a generally positive outlook for the company's stock.

Quantbot Technologies LP increased its stake in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 22.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,889 shares of the scientific and technical instruments company's stock after purchasing an additional 2,011 shares during the period. Quantbot Technologies LP's holdings in Itron were worth $1,141,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Invesco Ltd. raised its position in shares of Itron by 2.7% during the 1st quarter. Invesco Ltd. now owns 2,310,769 shares of the scientific and technical instruments company's stock worth $242,076,000 after purchasing an additional 59,962 shares during the last quarter. Northern Trust Corp raised its holdings in Itron by 11.4% in the 4th quarter. Northern Trust Corp now owns 572,266 shares of the scientific and technical instruments company's stock valued at $62,137,000 after acquiring an additional 58,546 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in Itron by 21.5% in the 4th 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 acquiring an additional 99,142 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Itron by 2.4% in the 4th quarter. Janus Henderson Group PLC now owns 536,288 shares of the scientific and technical instruments company's stock valued at $58,233,000 after acquiring an additional 12,810 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in Itron by 15.2% in the 1st quarter. Wellington Management Group LLP now owns 384,152 shares of the scientific and technical instruments company's stock valued at $40,244,000 after acquiring an additional 50,789 shares during the last quarter. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Guggenheim reiterated a "buy" rating and issued a $155.00 price target (up from $133.00) on shares of Itron in a report on Monday, July 14th. TD Cowen boosted their price target on Itron from $139.00 to $145.00 and gave the company a "buy" rating in a report on Friday, June 20th. Piper Sandler dropped their price objective on Itron from $124.00 to $121.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Stephens set a $130.00 price target on shares of Itron in a research report on Monday, August 4th. Finally, Wall Street Zen raised shares of Itron from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Itron has an average rating of "Moderate Buy" and an average price target of $136.25.

Insider Activity

In related news, CFO Joan S. Hooper sold 970 shares of the 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 $11,076,652.14. This represents a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Christopher E. Ware sold 351 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $125.31, for a total transaction of $43,983.81. Following the sale, the senior vice president owned 19,117 shares in the company, valued at approximately $2,395,551.27. This trade represents a 1.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,856 shares of company stock valued at $1,922,470 over the last quarter. Corporate insiders own 1.45% of the company's stock.

Itron Stock Down 0.8%

Shares of Itron stock traded down $0.94 during trading on Thursday, reaching $122.99. The company had a trading volume of 271,245 shares, compared to its average volume of 588,476. The company has a market cap of $5.62 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 0.68 and a beta of 1.35. The firm's fifty day moving average is $130.50 and its 200-day moving average is $115.52. 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.

Itron (NASDAQ:ITRI - Get Free Report) last issued its earnings results 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 analyst estimates of $610.36 million. Itron had a net margin of 11.05% and a return on equity of 19.69%. The company's revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the business 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 anticipate that Itron, Inc. will post 5.33 EPS for the current 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.