New York State Teachers Retirement System Acquires 8,061 Shares of Itron, Inc. $ITRI

New York State Teachers Retirement System lifted its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 14.6% in the third quarter, Holdings Channel.com reports. The fund owned 63,125 shares of the scientific and technical instruments company’s stock after purchasing an additional 8,061 shares during the period. New York State Teachers Retirement System’s holdings in Itron were worth $7,863,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Geode Capital Management LLC raised its position in shares of Itron by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,109,851 shares of the scientific and technical instruments company’s stock worth $146,107,000 after acquiring an additional 21,925 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in Itron by 21.2% in the 2nd quarter. Handelsbanken Fonder AB now owns 943,564 shares of the scientific and technical instruments company’s stock worth $124,201,000 after purchasing an additional 165,300 shares in the last quarter. First Trust Advisors LP raised its holdings in Itron by 2.6% in the second quarter. First Trust Advisors LP now owns 757,719 shares of the scientific and technical instruments company’s stock worth $99,739,000 after buying an additional 19,476 shares during the last quarter. Impax Asset Management Group plc purchased a new position in Itron in the 2nd quarter worth approximately $91,998,000. Finally, Norges Bank bought a new position in Itron in the 2nd quarter valued at approximately $71,727,000. 96.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ITRI. Argus reissued a “hold” rating on shares of Itron in a report on Tuesday, November 4th. Wall Street Zen downgraded Itron from a “buy” rating to a “hold” rating in a report on Wednesday. Oppenheimer set a $145.00 target price on Itron and gave the stock an “outperform” rating in a research report on Friday, October 31st. Zacks Research downgraded shares of Itron from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Finally, Weiss Ratings cut shares of Itron from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.10.

Insider Buying and Selling at Itron

In other news, SVP Donald L. Reeves III sold 536 shares of Itron stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $96.51, for a total transaction of $51,729.36. Following the transaction, the senior vice president directly owned 19,068 shares of the company’s stock, valued at $1,840,252.68. The trade was a 2.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Justin K. Patrick sold 379 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 $36,577.29. Following the transaction, the senior vice president owned 20,382 shares of the company’s stock, valued at approximately $1,967,066.82. This trade represents a 1.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,971 shares of company stock valued at $286,731 in the last ninety days. 1.45% of the stock is currently owned by company insiders.

Itron Trading Up 2.6%

Shares of NASDAQ:ITRI opened at $100.91 on Friday. The stock’s 50-day simple moving average is $97.33 and its two-hundred day simple moving average is $116.45. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 0.55 and a beta of 1.49. Itron, Inc. has a 52-week low of $90.11 and a 52-week high of $142.00. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.91 and a current ratio of 2.17.

Itron (NASDAQ:ITRI) last released its quarterly earnings results on Thursday, October 30th. The scientific and technical instruments company reported $1.54 earnings per share for the quarter, topping 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 the consensus estimate of $578.49 million. During the same period last year, the firm earned $1.84 earnings per share. The company’s quarterly revenue was down 5.5% on a year-over-year basis. Itron has set its FY 2025 guidance at 6.840-6.940 EPS and its Q4 2025 guidance at 2.150-2.250 EPS. Analysts expect that Itron, Inc. will post 5.33 EPS for the current year.

About Itron

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.