Itron, Inc. $ITRI Shares Purchased by Ion Asset Management Ltd.

Ion Asset Management Ltd. raised its stake in Itron, Inc. (NASDAQ:ITRI) by 20.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,000 shares of the scientific and technical instruments company’s stock after acquiring an additional 12,000 shares during the period. Itron accounts for approximately 0.5% of Ion Asset Management Ltd.’s portfolio, making the stock its 21st largest position. Ion Asset Management Ltd.’s holdings in Itron were worth $7,543,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wayfinding Financial LLC acquired a new stake in shares of Itron in the 1st quarter valued at about $45,000. CoreCap Advisors LLC lifted its stake in Itron by 25.5% in the fourth quarter. CoreCap Advisors LLC now owns 616 shares of the scientific and technical instruments company’s stock valued at $67,000 after buying an additional 125 shares during the last quarter. Quarry LP boosted its holdings in shares of Itron by 155.6% in the first quarter. Quarry LP now owns 910 shares of the scientific and technical instruments company’s stock valued at $95,000 after acquiring an additional 554 shares during the period. Contravisory Investment Management Inc. grew its position in shares of Itron by 98.0% during the first quarter. Contravisory Investment Management Inc. now owns 1,711 shares of the scientific and technical instruments company’s stock worth $179,000 after acquiring an additional 847 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in shares of Itron by 6.3% during the fourth quarter. Captrust Financial Advisors now owns 2,144 shares of the scientific and technical instruments company’s stock worth $233,000 after acquiring an additional 128 shares during the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on ITRI shares. TD Cowen increased their price target on shares of Itron from $139.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, June 20th. JPMorgan Chase & Co. upgraded shares of Itron from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $128.00 to $145.00 in a research note on Thursday, July 31st. Wall Street Zen upgraded shares of Itron from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Johnson Rice lowered Itron from a “buy” rating to an “accumulate” rating in a report on Friday, August 1st. Finally, Guggenheim reiterated a “buy” rating and issued a $155.00 target price (up from $133.00) on shares of Itron in a research note on Monday, July 14th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Itron currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.55.

Insider Activity at Itron

In other Itron news, SVP Donald L. Reeves III sold 547 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president directly owned 19,604 shares in the company, valued at approximately $2,456,577.24. This trade represents a 2.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Justin K. Patrick sold 388 shares of Itron stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $125.31, for a total transaction of $48,620.28. Following the transaction, the senior vice president owned 20,761 shares of the company’s stock, valued at approximately $2,601,560.91. The trade was a 1.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,073 shares of company stock valued at $1,480,880 in the last 90 days. 1.45% of the stock is owned by corporate insiders.

Itron Price Performance

Shares of NASDAQ ITRI opened at $121.12 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.75 and a current ratio of 2.04. Itron, Inc. has a one year low of $90.11 and a one year high of $140.04. The company’s fifty day moving average is $129.57 and its two-hundred day moving average is $116.47. The firm has a market capitalization of $5.54 billion, a P/E ratio of 20.70, a PEG ratio of 0.66 and a beta of 1.46.

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

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.