8,697 Shares in Itron, Inc. $ITRI Purchased by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. bought a new stake in Itron, Inc. (NASDAQ:ITRI) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,697 shares of the scientific and technical instruments company’s stock, valued at approximately $1,145,000.

Other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its position in shares of 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 valued at $8,073,000 after acquiring an additional 41,984 shares during the period. Cerity Partners LLC increased its position in Itron by 52.7% during the first quarter. Cerity Partners LLC now owns 4,928 shares of the scientific and technical instruments company’s stock worth $516,000 after acquiring an additional 1,701 shares during the period. Xponance Inc. raised its stake in Itron by 5.7% during the 1st 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 during the last quarter. Segall Bryant & Hamill LLC bought a new stake in Itron in the 1st quarter valued at $7,219,000. Finally, Bailard Inc. grew its position in Itron by 2.8% in the 1st quarter. Bailard Inc. now owns 29,801 shares of the scientific and technical instruments company’s stock worth $3,122,000 after purchasing an additional 800 shares during the last quarter. 96.19% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Donald L. Reeves III sold 547 shares of Itron stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $125.31, for a total value of $68,544.57. Following the completion of the transaction, the senior vice president 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 legal filing with the SEC, which is accessible through this link. Also, CFO Joan S. Hooper sold 970 shares of the business’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 completion of the transaction, the chief financial officer directly owned 88,394 shares in the company, valued at $11,076,652.14. The trade was a 1.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 3,037 shares of company stock worth $380,566 over the last ninety days. Corporate insiders own 1.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ITRI. Roth Capital upped 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. Zacks Research upgraded Itron from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Wall Street Zen upgraded Itron from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings restated a “buy (b)” rating on shares of Itron in a research note on Wednesday, October 8th. Finally, Baird R W lowered shares of Itron from a “strong-buy” rating to a “hold” rating in a 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $139.00.

Itron Stock Performance

Shares of NASDAQ:ITRI opened at $100.91 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.04 and a quick ratio of 1.75. The business’s fifty day moving average price is $122.49 and its two-hundred day moving average price is $123.29. Itron, Inc. has a fifty-two week low of $90.11 and a fifty-two week high of $142.00. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 0.76 and a beta of 1.52.

Itron (NASDAQ:ITRI) last issued its quarterly earnings data on Thursday, October 30th. The scientific and technical instruments company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.06. Itron had a return on equity of 19.69% and a net margin of 11.05%.The company had revenue of $581.63 million during the quarter, compared to analysts’ expectations of $578.49 million. During the same period last year, the business earned $1.84 earnings per share. The business’s revenue was down 5.5% on a year-over-year basis. 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, analysts predict that Itron, Inc. will post 5.33 EPS for the current fiscal year.

Itron 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.