Voya Investment Management LLC Has $9.78 Million Holdings in Itron, Inc. $ITRI

Key Points

• Voya Investment Management LLC has reduced its stake in Itron, Inc. by 5.6% during the first quarter, selling 5,511 shares and owning approximately 0.20% of the company, valued at $9,779,000.
• Itron's stock is down 2.2%, with a current market cap of $5.37 billion, and the company reported earnings exceeding expectations with an EPS of $1.62 for the last quarter.
• Analysts' ratings for Itron remain positive, with ten analysts rating the stock as a "Buy" and an average target price of $136.55.

Voya Investment Management LLC lessened its holdings in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 5.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 93,345 shares of the scientific and technical instruments company's stock after selling 5,511 shares during the period. Voya Investment Management LLC owned 0.20% of Itron worth $9,779,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Wayfinding Financial LLC purchased a new stake in shares of Itron in the 1st quarter valued at approximately $45,000. Quarry LP grew its position in Itron by 155.6% in the 1st quarter. Quarry LP now owns 910 shares of the scientific and technical instruments company's stock worth $95,000 after purchasing an additional 554 shares during the last quarter. Contravisory Investment Management Inc. boosted its position in shares of Itron by 98.0% during the 1st quarter. Contravisory Investment Management Inc. now owns 1,711 shares of the scientific and technical instruments company's stock valued at $179,000 after acquiring an additional 847 shares in the last quarter. Captrust Financial Advisors lifted its holdings in Itron by 6.3% during the 4th quarter. Captrust Financial Advisors now owns 2,144 shares of the scientific and technical instruments company's stock valued at $233,000 after purchasing an additional 128 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of Itron by 7.3% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,345 shares of the scientific and technical instruments company's stock worth $246,000 after acquiring an additional 160 shares during the last quarter. 96.19% of the stock is owned by institutional investors and hedge funds.

Itron Price Performance

ITRI traded down $0.46 during trading on Friday, reaching $120.63. 2,016,155 shares of the company traded hands, compared to its average volume of 605,363. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.75 and a current ratio of 2.04. The company has a market cap of $5.52 billion, a P/E ratio of 20.62, a PEG ratio of 0.66 and a beta of 1.46. Itron, Inc. has a 12-month low of $90.11 and a 12-month high of $140.04. The firm has a fifty day simple moving average of $126.37 and a 200 day simple moving average of $117.83.

Itron (NASDAQ:ITRI - Get Free Report) last posted 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 company had revenue of $606.76 million during the quarter, compared to analyst estimates of $610.36 million. During the same period in the previous year, the firm earned $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, equities analysts forecast that Itron, Inc. will post 5.33 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on ITRI. 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. Stephens set a $130.00 target price on shares of Itron in a report on Monday, August 4th. Guggenheim restated a "buy" rating and issued a $155.00 price target (up previously from $133.00) on shares of Itron in a research report on Monday, July 14th. Wall Street Zen lowered shares of Itron from a "buy" rating to a "hold" rating in a research note on Saturday. 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 research report on Friday, June 20th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Itron currently has an average rating of "Moderate Buy" and an average price target of $136.55.

Insiders Place Their Bets

In other Itron news, SVP Donald L. Reeves III sold 547 shares of the firm's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $125.31, for a total value of $68,544.57. Following the completion of the sale, the senior vice president directly owned 19,604 shares of the company's stock, valued at $2,456,577.24. This trade represents a 2.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value 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 $11,076,652.14. The trade was a 1.09% decrease in their position. 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. Corporate insiders own 1.45% of the company's stock.

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.