J. Safra Sarasin Holding AG Makes New Investment in Itron, Inc. $ITRI

J. Safra Sarasin Holding AG bought a new stake in Itron, Inc. (NASDAQ:ITRI) during the 3rd quarter, HoldingsChannel reports. The firm bought 37,519 shares of the scientific and technical instruments company’s stock, valued at approximately $4,673,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Farther Finance Advisors LLC raised its holdings in shares of Itron by 52.5% during the second quarter. Farther Finance Advisors LLC now owns 1,240 shares of the scientific and technical instruments company’s stock valued at $163,000 after acquiring an additional 427 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Itron in the third quarter worth approximately $1,300,000. Schroder Investment Management Group increased its position in shares of Itron by 23.6% during the second quarter. Schroder Investment Management Group now owns 376,087 shares of the scientific and technical instruments company’s stock worth $49,504,000 after purchasing an additional 71,702 shares in the last quarter. Robeco Schweiz AG raised its stake in Itron by 31.2% in the 3rd quarter. Robeco Schweiz AG now owns 372,176 shares of the scientific and technical instruments company’s stock valued at $46,358,000 after purchasing an additional 88,504 shares during the last quarter. Finally, Arvin Capital Management LP purchased a new position in Itron in the 2nd quarter valued at $8,331,000. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Itron Trading Up 0.6%

Shares of Itron stock opened at $99.00 on Wednesday. The stock has a 50 day moving average of $97.03 and a 200 day moving average of $114.20. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.91 and a current ratio of 2.17. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 0.55 and a beta of 1.49. Itron, Inc. has a fifty-two week low of $90.11 and a fifty-two week high of $142.00.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.06. Itron had a return on equity of 17.82% and a net margin of 10.69%.The firm had revenue of $581.63 million during the quarter, compared to the consensus estimate of $578.49 million. During the same period last year, the company earned $1.84 EPS. 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. As a group, research analysts predict that Itron, Inc. will post 5.33 earnings per share for the current year.

Wall Street Analyst Weigh In

ITRI has been the subject of a number of research reports. Weiss Ratings lowered shares of Itron from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Robert W. Baird reiterated a “neutral” rating and issued a $118.00 price objective (down previously from $137.00) on shares of Itron in a report on Friday, October 31st. Argus restated a “hold” rating on shares of Itron in a report on Tuesday, November 4th. Wall Street Zen lowered Itron from a “buy” rating to a “hold” rating in a research report on Wednesday, January 14th. Finally, JPMorgan Chase & Co. lifted their price objective on Itron from $145.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Itron has a consensus rating of “Moderate Buy” and an average target price of $136.10.

Insider Transactions at Itron

In related news, SVP Donald L. Reeves III sold 536 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $96.51, for a total transaction of $51,729.36. Following the completion of the transaction, the senior vice president owned 19,068 shares of the company’s stock, valued at approximately $1,840,252.68. This trade represents a 2.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP John F. 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 completion of the sale, the senior vice president directly owned 13,843 shares in the company, valued at approximately $1,335,987.93. The trade was a 3.84% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 2,971 shares of company stock worth $286,731. 1.51% of the stock is owned by company insiders.

Itron Company Profile

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.