Itron, Inc. $ITRI Shares Sold by Bailard Inc.

Bailard Inc. lowered its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 10.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,738 shares of the scientific and technical instruments company’s stock after selling 3,063 shares during the quarter. Bailard Inc.’s holdings in Itron were worth $3,520,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its stake in Itron by 119.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 77,060 shares of the scientific and technical instruments company’s stock valued at $8,073,000 after acquiring an additional 41,984 shares during the last quarter. Cerity Partners LLC raised its stake in shares of Itron by 52.7% in the 1st quarter. Cerity Partners LLC now owns 4,928 shares of the scientific and technical instruments company’s stock valued at $516,000 after purchasing an additional 1,701 shares in the last quarter. Xponance Inc. lifted its position in shares of Itron by 5.7% during the first quarter. Xponance Inc. now owns 3,533 shares of the scientific and technical instruments company’s stock worth $370,000 after purchasing an additional 192 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in Itron in the first quarter worth about $7,219,000. Finally, Jennison Associates LLC increased its holdings in Itron by 3.8% in the first quarter. Jennison Associates LLC now owns 13,972 shares of the scientific and technical instruments company’s stock valued at $1,464,000 after buying an additional 509 shares during the last quarter. Institutional investors own 96.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on ITRI shares. Baird R W downgraded Itron from a “strong-buy” rating to a “hold” rating in a report on Friday, October 31st. Oppenheimer set a $145.00 price objective on shares of Itron and gave the stock an “outperform” rating in a report on Friday, October 31st. Roth Capital boosted their target price on shares of Itron from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Johnson Rice downgraded shares of Itron from a “buy” rating to an “accumulate” rating in a research report on Friday, August 1st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Itron in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.00.

Itron Stock Performance

ITRI stock opened at $104.88 on Thursday. Itron, Inc. has a 1 year low of $90.11 and a 1 year high of $142.00. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 0.76 and a beta of 1.52. 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 stock’s fifty day moving average is $121.82 and its two-hundred day moving average is $123.11.

Itron (NASDAQ:ITRI) last released its quarterly earnings data on Thursday, October 30th. The scientific and technical instruments company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.06. The business had revenue of $581.63 million for the quarter, compared to analysts’ expectations of $578.49 million. Itron had a net margin of 11.05% and a return on equity of 19.69%. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.84 EPS. Itron has set its FY 2025 guidance at 6.840-6.940 EPS. Q4 2025 guidance at 2.150-2.250 EPS. On average, research analysts predict that Itron, Inc. will post 5.33 EPS for the current year.

Insider Buying and Selling

In related news, CFO Joan S. Hooper sold 970 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 $121,550.70. Following the sale, the chief financial officer directly owned 88,394 shares in the company, valued at $11,076,652.14. This trade represents a 1.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Justin K. Patrick sold 388 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 value of $48,620.28. Following the transaction, the senior vice president owned 20,761 shares of the company’s stock, valued at $2,601,560.91. This trade represents a 1.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 3,037 shares of company stock valued at $380,566 in the last ninety days. Insiders own 1.51% 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.