Insider Selling: Itron (NASDAQ:ITRI) SVP Sells 553 Shares of Stock

Itron, Inc. (NASDAQ:ITRI) SVP John Marcolini sold 553 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 value of $53,370.03. Following the transaction, the senior vice president owned 13,843 shares of the company’s stock, valued at $1,335,987.93. This represents a 3.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Itron Stock Performance

NASDAQ ITRI traded up $0.21 during trading hours on Tuesday, hitting $96.98. The company had a trading volume of 1,110,135 shares, compared to its average volume of 687,927. 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 market cap of $4.44 billion, a P/E ratio of 16.58, a price-to-earnings-growth ratio of 0.76 and a beta of 1.52. Itron, Inc. has a fifty-two week low of $90.11 and a fifty-two week high of $142.00. The business has a fifty day simple moving average of $118.11 and a 200-day simple moving average of $122.55.

Itron (NASDAQ:ITRI) last issued 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. The firm had revenue of $581.63 million for the quarter, compared to the consensus estimate of $578.49 million. Itron had a net margin of 11.05% and a return on equity of 19.69%. Itron’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period last year, the firm 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. Equities analysts predict that Itron, Inc. will post 5.33 EPS for the current year.

Wall Street Analyst Weigh In

ITRI has been the subject of a number of research analyst reports. Argus reaffirmed a “hold” rating on shares of Itron in a research note on Tuesday, November 4th. Oppenheimer set a $145.00 price objective on shares of Itron and gave the stock an “outperform” rating in a research note on Friday, October 31st. Stephens raised shares of Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 target price for the company in a research note on Monday, November 3rd. Johnson Rice lowered shares of Itron from a “buy” rating to an “accumulate” rating in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. upped their price target on Itron from $145.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $139.00.

Hedge Funds Weigh In On Itron

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in shares of Itron by 52.5% in the second quarter. Farther Finance Advisors LLC now owns 1,240 shares of the scientific and technical instruments company’s stock worth $163,000 after buying an additional 427 shares during the period. Hsbc Holdings PLC lifted its stake in Itron by 42.7% in the 1st quarter. Hsbc Holdings PLC now owns 31,610 shares of the scientific and technical instruments company’s stock worth $3,277,000 after acquiring an additional 9,461 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Itron by 12.6% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 34,073 shares of the scientific and technical instruments company’s stock worth $3,569,000 after acquiring an additional 3,813 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in Itron during the 1st quarter worth about $737,000. Finally, Wolverine Asset Management LLC purchased a new position in Itron during the 2nd quarter valued at about $377,000. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

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.