Raiffeisen Bank International AG Has $31.37 Million Holdings in Itron, Inc. $ITRI

Raiffeisen Bank International AG trimmed its position in shares of Itron, Inc. (NASDAQ:ITRI) by 0.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 239,000 shares of the scientific and technical instruments company’s stock after selling 1,772 shares during the period. Raiffeisen Bank International AG’s holdings in Itron were worth $31,369,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its holdings in shares of 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 worth $8,073,000 after buying an additional 41,984 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Itron by 52.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,240 shares of the scientific and technical instruments company’s stock valued at $163,000 after purchasing an additional 427 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Itron by 42.7% during the first quarter. Hsbc Holdings PLC now owns 31,610 shares of the scientific and technical instruments company’s stock worth $3,277,000 after buying an additional 9,461 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Itron by 12.6% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 34,073 shares of the scientific and technical instruments company’s stock valued at $3,569,000 after acquiring an additional 3,813 shares in the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in Itron in the first quarter valued at about $737,000. Institutional investors own 96.19% of the company’s stock.

Itron Stock Down 1.0%

Shares of NASDAQ:ITRI opened at $98.46 on Monday. The firm has a market cap of $4.51 billion, a P/E ratio of 16.83, a PEG ratio of 0.76 and a beta of 1.52. Itron, Inc. has a 52-week low of $90.11 and a 52-week high of $142.00. The business’s 50 day simple moving average is $120.95 and its two-hundred day simple moving average is $123.04. 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) last issued its earnings results on Thursday, October 30th. The scientific and technical instruments company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.06. The company had revenue of $581.63 million for the quarter, compared to analysts’ expectations of $578.49 million. Itron had a return on equity of 19.69% and a net margin of 11.05%.Itron’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period last year, the business 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. As a group, research analysts forecast that Itron, Inc. will post 5.33 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Baird R W downgraded shares of Itron from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 31st. Zacks Research cut Itron from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. JPMorgan Chase & Co. raised their price target on shares of Itron from $145.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. Robert W. Baird reiterated a “neutral” rating and set a $118.00 price objective (down from $137.00) on shares of Itron in a research report on Friday, October 31st. Finally, Argus reissued a “hold” rating on shares of Itron in a research report on Tuesday, November 4th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Itron presently has a consensus rating of “Moderate Buy” and a consensus price target of $139.00.

Insider Activity at Itron

In other Itron news, SVP Justin K. Patrick sold 388 shares of Itron stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $125.31, for a total value of $48,620.28. Following the sale, the senior vice president owned 20,761 shares of the company’s stock, valued at approximately $2,601,560.91. The trade was a 1.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP John F. Marcolini sold 565 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 transaction of $70,800.15. Following the completion of the sale, the senior vice president directly owned 14,396 shares in the company, valued at $1,803,962.76. This trade represents a 3.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,037 shares of company stock valued at $380,566 over the last three months. Insiders own 1.45% 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.