Inspire Investing LLC Has $1.17 Million Stake in Itron, Inc. $ITRI

Inspire Investing LLC trimmed its position in shares of Itron, Inc. (NASDAQ:ITRI) by 4.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,157 shares of the scientific and technical instruments company’s stock after selling 568 shares during the period. Inspire Investing LLC’s holdings in Itron were worth $1,169,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ITRI. Captrust Financial Advisors increased its holdings in Itron by 6.3% during the fourth quarter. Captrust Financial Advisors now owns 2,144 shares of the scientific and technical instruments company’s stock worth $233,000 after buying an additional 128 shares during the last quarter. Ethic Inc. increased its holdings in Itron by 21.2% during the fourth quarter. Ethic Inc. now owns 3,846 shares of the scientific and technical instruments company’s stock worth $418,000 after buying an additional 673 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Itron by 276.6% during the fourth quarter. Lazard Asset Management LLC now owns 26,408 shares of the scientific and technical instruments company’s stock worth $2,867,000 after buying an additional 19,395 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in Itron by 21.5% during the fourth quarter. Nuveen Asset Management LLC now owns 560,478 shares of the scientific and technical instruments company’s stock worth $60,857,000 after buying an additional 99,142 shares during the last quarter. Finally, ProShare Advisors LLC increased its holdings in Itron by 42.4% during the fourth quarter. ProShare Advisors LLC now owns 13,613 shares of the scientific and technical instruments company’s stock worth $1,478,000 after buying an additional 4,050 shares during the last quarter. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Christopher E. Ware sold 351 shares of the business’s 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 owned 19,117 shares of the company’s stock, valued at approximately $2,395,551.27. The trade was a 1.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Justin K. Patrick sold 388 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $125.31, for a total transaction of $48,620.28. Following the completion of the sale, the senior vice president directly 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 3,037 shares of company stock valued at $380,566 in the last 90 days. 1.45% of the stock is currently owned by corporate insiders.

Itron Trading Down 0.8%

Shares of Itron stock opened at $119.54 on Friday. The firm has a 50-day moving average of $127.88 and a 200-day moving average of $117.41. The stock has a market cap of $5.47 billion, a PE ratio of 20.43, a PEG ratio of 0.66 and a beta of 1.46. Itron, Inc. has a 52-week low of $90.11 and a 52-week high of $140.04. 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 announced its earnings results on Thursday, July 31st. The scientific and technical instruments company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.29. The company had revenue of $606.76 million during the quarter, compared to analysts’ expectations of $610.36 million. Itron had a net margin of 11.05% and a return on equity of 19.69%. Itron’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.21 earnings per share. Itron has set its FY 2025 guidance at 6.000-6.200 EPS. Q3 2025 guidance at 1.450-1.550 EPS. As a group, sell-side analysts forecast that Itron, Inc. will post 5.33 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ITRI shares. Johnson Rice downgraded shares of Itron from a “buy” rating to an “accumulate” rating in a report on Friday, August 1st. Wall Street Zen raised shares of Itron from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Roth Capital lifted their price objective 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. JPMorgan Chase & Co. raised shares of Itron from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $128.00 to $145.00 in a research report on Thursday, July 31st. Finally, TD Cowen lifted their price objective on shares of Itron from $139.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, June 20th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $136.55.

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.