Itron (NASDAQ:ITRI) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Itron (NASDAQ:ITRI) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

A number of other equities analysts have also weighed in on ITRI. Zacks Research upgraded shares of Itron from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. Roth Capital lifted their price objective 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. TD Cowen lifted their price objective on shares of Itron from $139.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, June 20th. JPMorgan Chase & Co. lifted their price objective on shares of Itron from $145.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Finally, Guggenheim reiterated a “buy” rating and issued a $155.00 price objective (up from $133.00) on shares of Itron in a research report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $138.10.

Itron Stock Performance

Shares of Itron stock opened at $134.03 on Friday. The firm’s fifty day simple moving average is $124.28 and its 200-day simple moving average is $121.18. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 0.72 and a beta of 1.48. Itron has a 12 month low of $90.11 and a 12 month high of $140.04. 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) last announced its 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. The business had revenue of $606.76 million for the quarter, compared to analysts’ expectations of $610.36 million. Itron had a net margin of 11.05% and a return on equity of 19.69%. The company’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $1.21 EPS. 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, equities analysts forecast that Itron will post 5.33 earnings per share for the current year.

Insider Activity at Itron

In other Itron news, SVP Justin K. Patrick sold 388 shares of the business’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $125.31, for a total transaction of $48,620.28. Following the sale, the senior vice president directly owned 20,761 shares in the company, valued at approximately $2,601,560.91. The trade was a 1.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Christopher E. Ware sold 351 shares of the business’s 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 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,037 shares of company stock worth $380,566. 1.51% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Itron during the 2nd quarter worth $30,000. Bessemer Group Inc. raised its stake in shares of Itron by 125.7% during the 2nd quarter. Bessemer Group Inc. now owns 255 shares of the scientific and technical instruments company’s stock worth $34,000 after buying an additional 142 shares during the last quarter. Wayfinding Financial LLC acquired a new position in shares of Itron during the 1st quarter worth $45,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Itron by 343.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 346 shares of the scientific and technical instruments company’s stock worth $46,000 after buying an additional 268 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Itron by 25.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock worth $53,000 after buying an additional 81 shares during the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.

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.