PGGM Investments Boosts Position in Itron, Inc. $ITRI

PGGM Investments boosted its position in shares of Itron, Inc. (NASDAQ:ITRI) by 6.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 362,558 shares of the scientific and technical instruments company’s stock after purchasing an additional 21,381 shares during the quarter. PGGM Investments owned approximately 0.80% of Itron worth $47,724,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ITRI. Wealth Enhancement Advisory Services LLC boosted its position in Itron by 41.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,955 shares of the scientific and technical instruments company’s stock worth $321,000 after purchasing an additional 867 shares in the last quarter. GAMMA Investing LLC boosted its position in Itron by 10,278.1% during the first quarter. GAMMA Investing LLC now owns 122,150 shares of the scientific and technical instruments company’s stock worth $12,796,000 after purchasing an additional 120,973 shares in the last quarter. Merit Financial Group LLC lifted its position in shares of Itron by 6.7% in the first quarter. Merit Financial Group LLC now owns 2,962 shares of the scientific and technical instruments company’s stock valued at $310,000 after acquiring an additional 187 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Itron by 10.5% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 6,721 shares of the scientific and technical instruments company’s stock valued at $704,000 after acquiring an additional 638 shares in the last quarter. Finally, Contravisory Investment Management Inc. lifted its position in shares of Itron by 98.0% in the first quarter. Contravisory Investment Management Inc. now owns 1,711 shares of the scientific and technical instruments company’s stock valued at $179,000 after acquiring an additional 847 shares in the last quarter. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ITRI shares. Johnson Rice downgraded Itron from a “buy” rating to an “accumulate” rating in a research report on Friday, August 1st. Wall Street Zen downgraded Itron from a “buy” rating to a “hold” rating in a research report on Saturday, September 20th. JPMorgan Chase & Co. upgraded Itron from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $128.00 to $145.00 in a research report on Thursday, July 31st. Roth Capital upped their price objective on Itron from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. Finally, Stephens set a $130.00 price objective on Itron in a research report on Monday, August 4th. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $137.10.

Itron Stock Performance

NASDAQ ITRI opened at $124.56 on Wednesday. The business’s 50-day moving average price is $124.71 and its 200 day moving average price is $118.86. Itron, Inc. has a twelve month low of $90.11 and a twelve month high of $140.04. The company has a market capitalization of $5.69 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 0.68 and a beta of 1.46. The company has a current ratio of 2.04, a quick ratio of 1.75 and a debt-to-equity ratio of 0.48.

Itron (NASDAQ:ITRI) last released its earnings results on Thursday, July 31st. The scientific and technical instruments company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.29. Itron had a return on equity of 19.69% and a net margin of 11.05%.The firm had revenue of $606.76 million for the quarter, compared to the consensus estimate of $610.36 million. During the same period in the prior year, the business posted $1.21 earnings per share. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. Itron has set its FY 2025 guidance at 6.000-6.200 EPS. Q3 2025 guidance at 1.450-1.550 EPS. On average, research analysts predict that Itron, Inc. will post 5.33 earnings per share for the current year.

Insider Activity at Itron

In other Itron news, SVP Donald L. Reeves III sold 547 shares of the company’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 $68,544.57. Following the completion of the sale, the senior vice president directly owned 19,604 shares in the company, valued at $2,456,577.24. This represents a 2.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Justin K. Patrick sold 388 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $125.31, for a total value of $48,620.28. Following the sale, the senior vice president owned 20,761 shares of the company’s stock, valued at $2,601,560.91. This represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,037 shares of company stock valued at $380,566 over the last three months. Insiders own 1.51% 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.