Trillium Asset Management LLC Makes New Investment in Itron, Inc. $ITRI

Trillium Asset Management LLC purchased a new stake in Itron, Inc. (NASDAQ:ITRI) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 1,794 shares of the scientific and technical instruments company’s stock, valued at approximately $236,000.

Several other institutional investors have also recently made changes to their positions in ITRI. Bessemer Group Inc. lifted its holdings in Itron by 125.7% in the second quarter. Bessemer Group Inc. now owns 255 shares of the scientific and technical instruments company’s stock valued at $34,000 after acquiring an additional 142 shares during the last quarter. REAP Financial Group LLC lifted its stake in shares of Itron by 168.4% in the 2nd quarter. REAP Financial Group LLC now owns 424 shares of the scientific and technical instruments company’s stock valued at $56,000 after purchasing an additional 266 shares during the last quarter. Quarry LP grew its holdings in shares of Itron by 155.6% during the 1st quarter. Quarry LP now owns 910 shares of the scientific and technical instruments company’s stock worth $95,000 after purchasing an additional 554 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Itron by 20.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,008 shares of the scientific and technical instruments company’s stock worth $133,000 after purchasing an additional 168 shares during the period. Finally, Farther Finance Advisors LLC increased its position in shares of Itron by 52.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,240 shares of the scientific and technical instruments company’s stock worth $163,000 after purchasing an additional 427 shares during the last quarter. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Insider Activity

In other Itron news, CFO Joan S. Hooper sold 970 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $125.31, for a total transaction of $121,550.70. Following the sale, 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 Securities & Exchange Commission, which is available through this link. Also, SVP Christopher E. Ware sold 351 shares of the stock in a transaction dated Monday, August 25th. The shares were 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 $2,395,551.27. This represents a 1.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,037 shares of company stock worth $380,566 over the last three months. Company insiders own 1.45% of the company’s stock.

Itron Trading Up 0.6%

Shares of ITRI stock opened at $107.15 on Thursday. Itron, Inc. has a fifty-two week low of $90.11 and a fifty-two week high of $142.00. The company has a 50 day moving average price of $123.64 and a 200 day moving average price of $123.18. The stock has a market capitalization of $4.91 billion, a P/E ratio of 18.32, 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 quick ratio of 1.75 and a current ratio of 2.04.

Itron (NASDAQ:ITRI) last issued its quarterly earnings results on Thursday, October 30th. The scientific and technical instruments company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.48 by $0.06. The company had revenue of $581.63 million during 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 firm’s revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $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. Equities research analysts predict that Itron, Inc. will post 5.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ITRI. Roth Capital upped their target price 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. Zacks Research raised shares of Itron from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Baird R W cut shares of Itron from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 31st. Robert W. Baird reissued a “neutral” rating and issued a $118.00 target price (down previously from $137.00) on shares of Itron in a research report on Friday, October 31st. Finally, Stephens upgraded Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 price target for the company in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $139.00.

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.