Wellington Management Group LLP Purchases 50,789 Shares of Itron, Inc. $ITRI

Key Points

• Wellington Management Group LLP increased its stake in Itron, Inc. by 15.2%, acquiring an additional 50,789 shares, bringing its total holdings to 384,152 shares valued at approximately $40.2 million.
• In the latest quarter, insider transactions included CFO Joan S. Hooper selling 938 shares and SVP Justin K. Patrick selling 9,036 shares, indicating notable activity among executives.
• Equities analysts have shown positive sentiment towards Itron, with several upgrades and a consensus rating of "Moderate Buy", alongside an average price target of $136.25.

Wellington Management Group LLP boosted its stake in Itron, Inc. (NASDAQ:ITRI - Free Report) by 15.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 384,152 shares of the scientific and technical instruments company's stock after acquiring an additional 50,789 shares during the quarter. Wellington Management Group LLP owned 0.84% of Itron worth $40,244,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ITRI. GeoWealth Management LLC lifted its position in Itron by 4,580.0% in the 4th quarter. GeoWealth Management LLC now owns 234 shares of the scientific and technical instruments company's stock valued at $25,000 after acquiring an additional 229 shares in the last quarter. Wayfinding Financial LLC bought a new stake in Itron during the 1st quarter worth about $45,000. CoreCap Advisors LLC lifted its position in Itron by 25.5% during the 4th quarter. CoreCap Advisors LLC now owns 616 shares of the scientific and technical instruments company's stock worth $67,000 after buying an additional 125 shares in the last quarter. Contravisory Investment Management Inc. lifted its position in 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 worth $179,000 after buying an additional 847 shares in the last quarter. Finally, Hancock Whitney Corp bought a new stake in Itron during the 4th quarter worth about $220,000. 96.19% of the stock is owned by institutional investors.

Insider Activity

In other Itron news, CFO Joan S. Hooper sold 970 shares of the 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 transaction, the chief financial officer owned 88,394 shares in the company, valued at $11,076,652.14. This represents a 1.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Christopher E. Ware sold 351 shares of the stock in a transaction that occurred 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 transaction, the senior vice president owned 19,117 shares in the company, valued at approximately $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 90 days, insiders have sold 15,856 shares of company stock worth $1,922,470. Insiders own 1.45% of the company's stock.

Itron Stock Performance

ITRI traded down $1.37 on Friday, reaching $122.11. The company had a trading volume of 62,668 shares, compared to its average volume of 587,574. Itron, Inc. has a fifty-two week low of $90.11 and a fifty-two week high of $140.04. The stock has a market cap of $5.58 billion, a P/E ratio of 20.87, a P/E/G ratio of 0.68 and a beta of 1.35. The company's fifty day moving average is $130.46 and its 200 day moving average is $115.64. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.75 and a current ratio of 2.04.

Itron (NASDAQ:ITRI - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The scientific and technical instruments company reported $1.62 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $610.36 million. During the same quarter in the prior year, the business earned $1.21 EPS. Itron'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. As a group, analysts predict that Itron, Inc. will post 5.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Roth Capital boosted their price target on shares of Itron from $130.00 to $150.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Guggenheim reaffirmed a "buy" rating and issued a $155.00 target price (up from $133.00) on shares of Itron in a report on Monday, July 14th. Wall Street Zen raised shares of Itron from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. TD Cowen upped their target price on shares of Itron from $139.00 to $145.00 and gave the company a "buy" rating in a report on Friday, June 20th. Finally, JPMorgan Chase & Co. raised shares of Itron from a "neutral" rating to an "overweight" rating and upped their target price for the company from $128.00 to $145.00 in a report on Thursday, July 31st. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Itron currently has a consensus rating of "Moderate Buy" and a consensus price target of $136.25.

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.