Vontobel Holding Ltd. Cuts Position in Itron, Inc. $ITRI

Vontobel Holding Ltd. lessened its holdings in Itron, Inc. (NASDAQ:ITRI - Free Report) by 17.0% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 374,156 shares of the scientific and technical instruments company's stock after selling 76,757 shares during the period. Vontobel Holding Ltd. owned approximately 0.82% of Itron worth $49,250,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its holdings in Itron by 41.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,955 shares of the scientific and technical instruments company's stock valued at $321,000 after acquiring an additional 867 shares during the period. Merit Financial Group LLC boosted its position in Itron by 6.7% during the first quarter. Merit Financial Group LLC now owns 2,962 shares of the scientific and technical instruments company's stock valued at $310,000 after buying an additional 187 shares during the period. Park Avenue Securities LLC purchased a new stake in Itron during the first quarter valued at about $356,000. Harbor Capital Advisors Inc. purchased a new stake in Itron during the first quarter valued at about $1,239,000. Finally, SG Americas Securities LLC boosted its position in Itron by 398.8% during the first quarter. SG Americas Securities LLC now owns 6,833 shares of the scientific and technical instruments company's stock valued at $716,000 after buying an additional 5,463 shares during the period. Institutional investors own 96.19% of the company's stock.

Insider Buying and Selling at Itron

In other Itron news, CFO Joan S. Hooper sold 970 shares of the firm's stock in a transaction that occurred 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 owned 88,394 shares of the company's stock, valued at approximately $11,076,652.14. This trade represents a 1.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Donald L. Reeves III sold 547 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $125.31, for a total transaction of $68,544.57. Following the transaction, the senior vice president directly owned 19,604 shares of the company's stock, valued at $2,456,577.24. This represents a 2.71% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,037 shares of company stock valued at $380,566. 1.45% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. 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 report on Tuesday, July 22nd. 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 report on Thursday, July 31st. Stephens restated an "equal weight" rating and set a $130.00 price target on shares of Itron in a research report on Tuesday. Wall Street Zen upgraded shares of Itron from a "hold" rating to a "buy" rating in a report on Friday, October 3rd. Finally, TD Cowen increased their target price on shares of Itron from $139.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, June 20th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $137.10.

Itron Stock Performance

Shares of ITRI opened at $127.52 on Thursday. 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 one year low of $90.11 and a one year high of $140.04. The company has a 50-day simple moving average of $123.40 and a two-hundred day simple moving average of $119.55. The firm has a market capitalization of $5.83 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 0.69 and a beta of 1.48.

Itron (NASDAQ:ITRI - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The scientific and technical instruments company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.33 by $0.29. Itron had a net margin of 11.05% and a return on equity of 19.69%. The business had revenue of $606.76 million during the quarter, compared to analyst estimates of $610.36 million. During the same period last year, the business posted $1.21 earnings per share. Itron's quarterly revenue 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. On average, analysts anticipate that Itron, Inc. will post 5.33 EPS for the current fiscal year.

About Itron

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.