Itron, Inc. $ITRI Stock Holdings Lifted by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. increased its position in shares of Itron, Inc. (NASDAQ:ITRI) by 81.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 77,998 shares of the scientific and technical instruments company’s stock after purchasing an additional 35,089 shares during the quarter. Itron makes up about 3.2% of Peregrine Asset Advisers Inc.’s holdings, making the stock its 6th biggest position. Peregrine Asset Advisers Inc.’s holdings in Itron were worth $10,267,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Burney Co. boosted its holdings in Itron by 74.2% during the second quarter. Burney Co. now owns 14,661 shares of the scientific and technical instruments company’s stock worth $1,930,000 after purchasing an additional 6,244 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Itron during the second quarter worth about $234,000. Wolverine Asset Management LLC bought a new stake in Itron in the second quarter worth about $377,000. Amalgamated Bank raised its position in Itron by 0.9% in the second quarter. Amalgamated Bank now owns 12,974 shares of the scientific and technical instruments company’s stock worth $1,708,000 after acquiring an additional 115 shares during the period. Finally, Atria Investments Inc raised its position in Itron by 9.2% in the second quarter. Atria Investments Inc now owns 2,839 shares of the scientific and technical instruments company’s stock worth $374,000 after acquiring an additional 240 shares during the period. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Itron

In other Itron news, SVP Donald L. Reeves III sold 547 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $125.31, for a total transaction of $68,544.57. Following the completion of the sale, the senior vice president owned 19,604 shares of the company’s stock, valued at $2,456,577.24. This represents a 2.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP John F. Marcolini sold 565 shares of the firm’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 $70,800.15. Following the completion of the sale, the senior vice president directly owned 14,396 shares of the company’s stock, valued at approximately $1,803,962.76. This represents a 3.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,037 shares of company stock worth $380,566 over the last ninety days. 1.45% of the stock is owned by company insiders.

Itron Trading Down 7.9%

Shares of ITRI opened at $100.33 on Monday. The stock has a market capitalization of $4.59 billion, a P/E ratio of 17.15, a PEG ratio of 0.76 and a beta of 1.48. 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 firm has a fifty day simple moving average of $124.67 and a two-hundred day simple moving average of $123.25. Itron, Inc. has a twelve month low of $90.11 and a twelve month high of $142.00.

Itron (NASDAQ:ITRI) last announced its quarterly earnings results on Thursday, October 30th. The scientific and technical instruments company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.06. The business 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 for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the prior 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. On average, research analysts anticipate that Itron, Inc. will post 5.33 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Itron from $145.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Robert W. Baird reaffirmed a “neutral” rating and set a $118.00 target price (down previously from $137.00) on shares of Itron in a report on Friday. Guggenheim reissued a “buy” rating and issued a $155.00 price target (up previously from $133.00) on shares of Itron in a research note on Monday, July 14th. Baird R W cut shares of Itron from a “strong-buy” rating to a “hold” rating in a research note on Friday. Finally, 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 note on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Itron has an average rating of “Moderate Buy” and a consensus price target of $139.00.

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.