Walleye Capital LLC Takes Position in Itron, Inc. $ITRI

Key Points

• Walleye Capital LLC invested approximately $344,000 in Itron, Inc., acquiring 3,288 shares in the first quarter.
• Itron's quarterly earnings report showed an EPS of $1.62, surpassing estimates, with a revenue of $606.76 million, slightly below expectations.
• Analysts have a consensus rating of "Moderate Buy" for Itron, with price targets ranging from $130.00 to $150.00.

Walleye Capital LLC bought a new stake in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,288 shares of the scientific and technical instruments company's stock, valued at approximately $344,000.

Other large investors have also recently made changes to their positions in the company. Raiffeisen Bank International AG acquired a new position in Itron in the 4th quarter valued at about $27,619,000. Wellington Management Group LLP lifted its stake in shares of Itron by 180.7% in the 4th quarter. Wellington Management Group LLP now owns 333,363 shares of the scientific and technical instruments company's stock valued at $36,197,000 after purchasing an additional 214,600 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Itron during the fourth quarter worth approximately $14,563,000. GAMMA Investing LLC increased its stake in Itron by 10,278.1% in the 1st quarter. GAMMA Investing LLC now owns 122,150 shares of the scientific and technical instruments company's stock valued at $12,796,000 after buying an additional 120,973 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in shares of Itron by 21.5% during the 4th quarter. Nuveen Asset Management LLC now owns 560,478 shares of the scientific and technical instruments company's stock worth $60,857,000 after buying an additional 99,142 shares during the period. 96.19% of the stock is owned by institutional investors.

Itron Stock Performance

Shares of ITRI stock traded down $0.23 during mid-day trading on Monday, hitting $120.22. The stock had a trading volume of 235,099 shares, compared to its average volume of 588,050. Itron, Inc. has a fifty-two week low of $90.11 and a fifty-two week high of $140.04. The company's 50-day simple moving average is $129.33 and its 200-day simple moving average is $116.89. The firm has a market cap of $5.50 billion, a PE ratio of 20.52, a PEG ratio of 0.66 and a beta of 1.46. 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 (NASDAQ:ITRI - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The scientific and technical instruments company reported $1.62 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $606.76 million for the quarter, compared to analysts' expectations of $610.36 million. During the same period in the prior year, the company posted $1.21 earnings per share. The firm's quarterly revenue was down .4% on a year-over-year basis. Itron has set its FY 2025 guidance at 6.000-6.200 EPS. Q3 2025 guidance at 1.450-1.550 EPS. Sell-side analysts anticipate that Itron, Inc. will post 5.33 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Donald L. Reeves III sold 547 shares of the company'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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP John F. Marcolini sold 565 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $125.31, for a total value of $70,800.15. Following the sale, the senior vice president directly owned 14,396 shares of the company's stock, valued at $1,803,962.76. This represents a 3.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,073 shares of company stock valued at $1,480,880 over the last ninety days. Insiders own 1.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Johnson Rice downgraded shares of Itron from a "buy" rating to an "accumulate" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. upgraded shares of Itron from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $128.00 to $145.00 in a research report on Thursday, July 31st. Guggenheim reiterated 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. Stephens set a $130.00 target price on Itron in a research report on Monday, August 4th. Finally, Wall Street Zen upgraded Itron from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $136.55.

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.