Fox Run Management L.L.C. Sells 15,154 Shares of Itron, Inc. $ITRI

Fox Run Management L.L.C. lowered its position in shares of Itron, Inc. (NASDAQ:ITRI) by 87.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,216 shares of the scientific and technical instruments company’s stock after selling 15,154 shares during the quarter. Fox Run Management L.L.C.’s holdings in Itron were worth $292,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ITRI. Louisiana State Employees Retirement System lifted its position in Itron by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 21,300 shares of the scientific and technical instruments company’s stock valued at $2,804,000 after acquiring an additional 100 shares during the period. Amalgamated Bank increased its stake in shares of Itron by 0.9% during the second quarter. Amalgamated Bank now owns 12,974 shares of the scientific and technical instruments company’s stock valued at $1,708,000 after purchasing an additional 115 shares in the last quarter. Evergreen Capital Management LLC lifted its holdings in shares of Itron by 3.7% during the first quarter. Evergreen Capital Management LLC now owns 3,586 shares of the scientific and technical instruments company’s stock valued at $376,000 after purchasing an additional 127 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Itron by 125.7% during the second quarter. Bessemer Group Inc. now owns 255 shares of the scientific and technical instruments company’s stock valued at $34,000 after purchasing an additional 142 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in shares of Itron by 2.0% in the 1st quarter. HighTower Advisors LLC now owns 7,501 shares of the scientific and technical instruments company’s stock worth $786,000 after purchasing an additional 146 shares in the last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Itron

In related news, SVP Christopher E. Ware sold 351 shares of the firm’s 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 $43,983.81. Following the sale, the senior vice president owned 19,117 shares in the company, valued at approximately $2,395,551.27. This trade represents a 1.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Justin K. Patrick sold 388 shares of the business’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $125.31, for a total transaction of $48,620.28. Following the sale, the senior vice president owned 20,761 shares of the company’s stock, valued at approximately $2,601,560.91. This represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,037 shares of company stock valued at $380,566 over the last quarter. 1.51% of the stock is owned by company insiders.

Itron Trading Down 5.2%

Itron stock opened at $99.47 on Friday. Itron, Inc. has a one year low of $90.11 and a one year high of $142.00. The business’s fifty day moving average is $121.39 and its 200 day moving average is $122.95. The stock has a market capitalization of $4.56 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 0.76 and a beta of 1.52. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.04 and a quick ratio of 1.75.

Itron (NASDAQ:ITRI) last posted its earnings results on Thursday, October 30th. The scientific and technical instruments company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.06. The business had revenue of $581.63 million for 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 business’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 business earned $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, sell-side analysts predict that Itron, Inc. will post 5.33 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ITRI shares. Johnson Rice lowered Itron from a “buy” rating to an “accumulate” rating in a research report on Friday, August 1st. Argus restated a “hold” rating on shares of Itron in a report on Tuesday, November 4th. Zacks Research raised Itron from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. Wall Street Zen raised shares of Itron from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, Robert W. Baird restated a “neutral” rating and set a $118.00 price objective (down from $137.00) on shares of Itron in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Itron has a consensus rating of “Moderate Buy” and a consensus target price of $139.00.

Itron Company 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.