Y Intercept Hong Kong Ltd Has $3.52 Million Stock Position in Itron, Inc. $ITRI

Y Intercept Hong Kong Ltd lessened its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 19.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,260 shares of the scientific and technical instruments company’s stock after selling 6,978 shares during the quarter. Y Intercept Hong Kong Ltd owned 0.06% of Itron worth $3,520,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Resona Asset Management Co. Ltd. bought a new position in shares of Itron during the third quarter valued at $381,000. UniSuper Management Pty Ltd increased its position in shares of Itron by 16.5% during the 3rd quarter. UniSuper Management Pty Ltd now owns 31,375 shares of the scientific and technical instruments company’s stock worth $3,908,000 after purchasing an additional 4,451 shares in the last quarter. iA Global Asset Management Inc. lifted its holdings in Itron by 48.1% during the 3rd quarter. iA Global Asset Management Inc. now owns 10,220 shares of the scientific and technical instruments company’s stock valued at $1,273,000 after purchasing an additional 3,320 shares during the last quarter. Amalgamated Bank boosted its position in Itron by 0.7% in the third quarter. Amalgamated Bank now owns 13,060 shares of the scientific and technical instruments company’s stock valued at $1,627,000 after buying an additional 86 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in Itron by 6.0% during the third quarter. Sequoia Financial Advisors LLC now owns 30,769 shares of the scientific and technical instruments company’s stock worth $3,833,000 after buying an additional 1,745 shares during the last quarter. 96.19% of the stock is currently owned by institutional investors.

Itron Stock Performance

Shares of NASDAQ:ITRI opened at $98.38 on Tuesday. The company has a current ratio of 2.17, a quick ratio of 1.91 and a debt-to-equity ratio of 0.46. Itron, Inc. has a 1-year low of $90.11 and a 1-year high of $142.00. The stock has a market capitalization of $4.51 billion, a P/E ratio of 17.69, a P/E/G ratio of 0.54 and a beta of 1.49. The business has a 50-day moving average price of $96.97 and a two-hundred day moving average price of $114.45.

Itron (NASDAQ:ITRI) last announced its quarterly earnings data 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. Itron had a net margin of 10.69% and a return on equity of 17.82%. The business had revenue of $581.63 million for the quarter, compared to analyst estimates of $578.49 million. During the same period in the prior year, the business posted $1.84 earnings per share. Itron’s revenue was down 5.5% compared to the same quarter last year. Itron has set its FY 2025 guidance at 6.840-6.940 EPS and its Q4 2025 guidance at 2.150-2.250 EPS. Equities analysts predict that Itron, Inc. will post 5.33 earnings per share for the current year.

Insider Activity at Itron

In related news, SVP Justin K. Patrick sold 379 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $96.51, for a total value of $36,577.29. Following the sale, the senior vice president directly owned 20,382 shares in the company, valued at $1,967,066.82. This trade represents a 1.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Christopher E. Ware sold 343 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $96.51, for a total transaction of $33,102.93. Following the transaction, the senior vice president owned 18,774 shares of the company’s stock, valued at approximately $1,811,878.74. This represents a 1.79% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 2,971 shares of company stock worth $286,731. 1.45% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ITRI shares. Robert W. Baird reissued a “neutral” rating and issued a $118.00 target price (down from $137.00) on shares of Itron in a report on Friday, October 31st. Johnson Rice raised Itron from an “accumulate” rating to a “buy” rating and set a $130.00 price objective on the stock in a research note on Monday, January 5th. JPMorgan Chase & Co. raised their target price on Itron from $145.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Oppenheimer reissued an “outperform” rating and set a $125.00 price objective (down previously from $145.00) on shares of Itron in a report on Tuesday. Finally, Stephens upgraded shares of Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 price objective for the company in a research report on Monday, November 3rd. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Itron currently has an average rating of “Moderate Buy” and an average price target of $136.10.

Itron Profile

Itron, Inc (NASDAQ: ITRI) is a global technology company that develops innovative solutions to measure, manage and analyze the use of energy and water. Its comprehensive portfolio includes smart meters, data collection devices, communication networks and advanced software applications designed to optimize utility operations and foster sustainable resource management. The company’s offerings enable utilities and cities to accurately monitor consumption patterns, streamline billing processes and improve grid reliability.

Itron’s product lineup spans a range of hardware and software solutions, from residential and commercial smart meters to meter data management systems (MDMS), networked communication platforms and analytics tools.