Itron, Inc. $ITRI Shares Acquired by Tema Etfs LLC

Key Points

• Tema Etfs LLC increased its holdings in Itron, Inc. by 556.0% during the first quarter, owning 31,226 shares valued at approximately $3.27 million.
• Itron reported earnings per share of $1.62, surpassing expectations, although its revenue was slightly down by 0.4% compared to the previous year's quarter.
• Analyst reactions have varied, with JPMorgan upgrading Itron's stock to an "overweight" rating and increasing its price target to $145.00.

Tema Etfs LLC grew its holdings in Itron, Inc. (NASDAQ:ITRI - Free Report) by 556.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,226 shares of the scientific and technical instruments company's stock after buying an additional 26,466 shares during the period. Itron accounts for about 1.0% of Tema Etfs LLC's holdings, making the stock its 27th biggest holding. Tema Etfs LLC owned 0.07% of Itron worth $3,271,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Wayfinding Financial LLC acquired a new stake in Itron during the first quarter worth about $45,000. CoreCap Advisors LLC increased its position in 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 last quarter. Contravisory Investment Management Inc. increased its position in 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 last quarter. NewEdge Advisors LLC acquired a new stake in Itron during the fourth quarter worth about $229,000. Finally, Captrust Financial Advisors increased its position in 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 purchasing an additional 128 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 stock. Stephens set a $130.00 target price on shares of Itron in a research note on Monday, August 4th. Wall Street Zen raised shares of Itron from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Piper Sandler lowered their target price on shares of Itron from $124.00 to $121.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Roth Capital increased their target price on shares of Itron from $130.00 to $150.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Finally, Johnson Rice lowered shares of Itron from a "buy" rating to an "accumulate" rating in a research note on Friday, August 1st. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $136.25.

Insiders Place Their Bets

In other news, SVP Justin K. Patrick sold 9,036 shares of Itron stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $121.77, for a total value of $1,100,313.72. Following the transaction, the senior vice president directly owned 21,149 shares of the company's stock, valued at $2,575,313.73. The trade was a 29.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Joan S. Hooper sold 970 shares of Itron stock in a transaction on Monday, August 25th. The shares were sold at an average price of $125.31, for a total transaction of $121,550.70. Following the completion of the transaction, the chief financial officer directly owned 88,394 shares in the company, valued at $11,076,652.14. The trade was a 1.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,856 shares of company stock worth $1,922,470. Corporate insiders own 1.51% of the company's stock.

Itron Stock Down 0.4%

Shares of NASDAQ ITRI traded down $0.54 during midday trading on Monday, hitting $122.94. The company's stock had a trading volume of 650,643 shares, compared to its average volume of 565,093. The business's fifty day simple moving average is $130.36 and its two-hundred day simple moving average is $116.06. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.04 and a quick ratio of 1.75. Itron, Inc. has a 1 year low of $90.11 and a 1 year high of $140.04. The firm has a market capitalization of $5.62 billion, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 0.67 and a beta of 1.46.

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 for the quarter, beating the consensus estimate of $1.33 by $0.29. The firm had revenue of $606.76 million for the quarter, compared to analysts' expectations of $610.36 million. Itron had a net margin of 11.05% and a return on equity of 19.69%. The firm's revenue was down .4% compared to the same quarter last year. During the same quarter last year, the company earned $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. On average, equities analysts predict 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.