Fox Run Management L.L.C. Sells 15,154 Shares of Itron, Inc. $ITRI

Fox Run Management L.L.C. trimmed its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 87.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,216 shares of the scientific and technical instruments company’s stock after selling 15,154 shares during the quarter. Fox Run Management L.L.C.’s holdings in Itron were worth $292,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ITRI. Envestnet Asset Management Inc. raised its position in Itron by 119.7% in the first quarter. Envestnet Asset Management Inc. now owns 77,060 shares of the scientific and technical instruments company’s stock worth $8,073,000 after acquiring an additional 41,984 shares during the period. Cerity Partners LLC raised its holdings in 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 worth $516,000 after purchasing an additional 1,701 shares during the period. Xponance Inc. lifted its position in Itron by 5.7% during the first quarter. Xponance Inc. now owns 3,533 shares of the scientific and technical instruments company’s stock valued at $370,000 after purchasing an additional 192 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in Itron during the first quarter valued at $7,219,000. Finally, Bailard Inc. grew its holdings in Itron by 2.8% during the first quarter. Bailard Inc. now owns 29,801 shares of the scientific and technical instruments company’s stock valued at $3,122,000 after purchasing an additional 800 shares during the period. 96.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Itron

In related news, SVP Donald L. Reeves III sold 547 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $2,456,577.24. The trade was a 2.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Christopher E. Ware sold 351 shares of Itron 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 $43,983.81. Following the completion of the sale, the senior vice president directly owned 19,117 shares in the company, valued at approximately $2,395,551.27. The trade was a 1.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 3,037 shares of company stock worth $380,566. Insiders own 1.51% of the company’s stock.

Itron Trading Down 5.2%

Shares of ITRI opened at $99.47 on Friday. The firm has a market cap of $4.56 billion, a P/E ratio of 17.00, a price-to-earnings-growth ratio of 0.76 and a beta of 1.52. 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, Inc. has a 1 year low of $90.11 and a 1 year high of $142.00. The company has a 50 day simple moving average of $121.39 and a two-hundred day simple moving average of $122.95.

Itron (NASDAQ:ITRI) last issued its earnings results 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 firm had revenue of $581.63 million during the quarter, compared to analyst estimates of $578.49 million. Itron had a net margin of 11.05% and a return on equity of 19.69%. Itron’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.84 earnings per share. Itron has set its FY 2025 guidance at 6.840-6.940 EPS. Q4 2025 guidance at 2.150-2.250 EPS. On average, equities analysts expect that Itron, Inc. will post 5.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Itron in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on shares of Itron from $145.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. Stephens raised shares of Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 price target on the stock in a report on Monday, November 3rd. Roth Capital upped 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. Finally, Baird R W downgraded shares of Itron from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 31st. One 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 company has a consensus rating of “Moderate Buy” and an average price target of $139.00.

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.