3,026 Shares in Itron, Inc. $ITRI Bought by United Services Automobile Association

Key Points

• United Services Automobile Association acquired a new position in Itron, Inc. by purchasing 3,026 shares valued at approximately $314,000.
• Itron reported $1.62 earnings per share for the recent quarter, exceeding analyst expectations and setting FY 2025 guidance at 6.000-6.200 EPS.
• JPMorgan Chase & Co. upgraded Itron from "neutral" to "overweight" and raised the target price to $145.00, reflecting a significant positive outlook from several analysts.

United Services Automobile Association acquired a new stake in Itron, Inc. (NASDAQ:ITRI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,026 shares of the scientific and technical instruments company's stock, valued at approximately $314,000.

Several other hedge funds have also recently modified their holdings of the business. Janney Montgomery Scott LLC lifted its position in Itron by 0.7% during the first quarter. Janney Montgomery Scott LLC now owns 16,795 shares of the scientific and technical instruments company's stock valued at $1,759,000 after acquiring an additional 121 shares during the last quarter. Evergreen Capital Management LLC lifted its position in Itron by 3.7% during the first quarter. Evergreen Capital Management LLC now owns 3,586 shares of the scientific and technical instruments company's stock valued at $376,000 after acquiring an additional 127 shares during the last quarter. Captrust Financial Advisors lifted 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 valued at $233,000 after acquiring an additional 128 shares during the last quarter. HighTower Advisors LLC lifted its position in Itron by 2.0% during the first quarter. HighTower Advisors LLC now owns 7,501 shares of the scientific and technical instruments company's stock valued at $786,000 after acquiring an additional 146 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC lifted its position in Itron by 7.3% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,345 shares of the scientific and technical instruments company's stock valued at $246,000 after acquiring an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 96.19% of the company's stock.

Insider Transactions at Itron

In other news, SVP Justin K. Patrick sold 388 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $125.31, for a total value of $48,620.28. Following the sale, the senior vice president owned 20,761 shares in the company, valued at $2,601,560.91. This represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Christopher E. Ware sold 351 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $125.31, for a total transaction of $43,983.81. Following the completion of the sale, the senior vice president owned 19,117 shares in the company, valued at $2,395,551.27. The trade was a 1.80% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,037 shares of company stock valued at $380,566. 1.45% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ITRI has been the subject of a number of analyst reports. Stephens set a $130.00 target price on shares of Itron in a research report on Monday, August 4th. Wall Street Zen raised shares of Itron from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. TD Cowen upped their price target on shares of Itron from $139.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, June 20th. JPMorgan Chase & Co. upgraded shares of Itron from a "neutral" rating to an "overweight" rating and upped their price target for the company from $128.00 to $145.00 in a research note on Thursday, July 31st. Finally, 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 research note on Tuesday, July 22nd. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $136.55.

Itron Stock Performance

Shares of NASDAQ:ITRI traded up $3.18 during midday trading on Thursday, reaching $121.09. The company's stock had a trading volume of 578,092 shares, compared to its average volume of 597,535. The firm has a market capitalization of $5.54 billion, a PE ratio of 20.70, a P/E/G ratio of 0.65 and a beta of 1.46. Itron, Inc. has a twelve month low of $90.11 and a twelve month high of $140.04. The stock has a fifty day moving average of $126.65 and a 200 day moving average of $117.73. The company has a quick ratio of 1.75, a current ratio of 2.04 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 for the quarter, topping analysts' consensus estimates of $1.33 by $0.29. The firm 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 business's quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business 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 expect that Itron, Inc. will post 5.33 EPS for the current fiscal 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.