Itron, Inc. $ITRI Shares Acquired by Legal & General Group Plc

Legal & General Group Plc lifted its position in shares of Itron, Inc. (NASDAQ:ITRI) by 8.5% in the second quarter, Holdings Channel reports. The firm owned 268,270 shares of the scientific and technical instruments company’s stock after purchasing an additional 21,049 shares during the period. Legal & General Group Plc’s holdings in Itron were worth $35,312,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Farther Finance Advisors LLC raised its stake in shares of 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 acquiring an additional 427 shares during the period. Hsbc Holdings PLC boosted its position in Itron by 42.7% during the 1st quarter. Hsbc Holdings PLC now owns 31,610 shares of the scientific and technical instruments company’s stock worth $3,277,000 after purchasing an additional 9,461 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Itron by 12.6% in 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 purchasing an additional 3,813 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in Itron in the first quarter valued at about $737,000. Finally, Wolverine Asset Management LLC acquired a new position in shares of Itron during the second quarter worth about $377,000. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Itron Stock Performance

Shares of ITRI opened at $98.56 on Thursday. The firm has a market cap of $4.51 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 0.76 and a beta of 1.52. The company has a quick ratio of 1.75, a current ratio of 2.04 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $117.31 and its two-hundred day moving average is $122.31. Itron, Inc. has a 52-week low of $90.11 and a 52-week high of $142.00.

Itron (NASDAQ:ITRI) last issued its quarterly 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 business 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%. The business’s revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. Analysts forecast that Itron, Inc. will post 5.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ITRI shares. Oppenheimer set a $145.00 target price on Itron and gave the company an “outperform” rating in a research note on Friday, October 31st. Argus restated a “hold” rating on shares of Itron in a report on Tuesday, November 4th. Baird R W lowered shares of Itron from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 31st. Robert W. Baird reissued a “neutral” rating and set a $118.00 target price (down from $137.00) on shares of Itron in a research report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Itron in a report on Tuesday. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Itron presently has an average rating of “Moderate Buy” and an average price target of $139.00.

Insiders Place Their Bets

In other news, SVP Christopher E. Ware sold 343 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $96.51, for a total value of $33,102.93. Following the sale, the senior vice president owned 18,774 shares in the company, valued at approximately $1,811,878.74. This represents a 1.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Justin K. Patrick sold 379 shares of Itron stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $96.51, for a total value of $36,577.29. Following the completion of the transaction, the senior vice president owned 20,382 shares of the company’s stock, valued at $1,967,066.82. This trade represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 2,971 shares of company stock worth $286,731. Company insiders own 1.45% of the company’s stock.

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.