5,225 Shares in Itron, Inc. $ITRI Acquired by Bosun Asset Management LLC

Bosun Asset Management LLC acquired a new position in shares of Itron, Inc. (NASDAQ:ITRI) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 5,225 shares of the scientific and technical instruments company’s stock, valued at approximately $688,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Tema Etfs LLC raised its holdings in Itron by 34.6% during the second quarter. Tema Etfs LLC now owns 42,026 shares of the scientific and technical instruments company’s stock worth $5,532,000 after purchasing an additional 10,800 shares in the last quarter. Walleye Capital LLC grew its position in shares of Itron by 633.2% in the 2nd quarter. Walleye Capital LLC now owns 24,107 shares of the scientific and technical instruments company’s stock valued at $3,173,000 after buying an additional 20,819 shares during the last quarter. First Trust Advisors LP raised its stake in Itron by 2.6% during the 2nd quarter. First Trust Advisors LP now owns 757,719 shares of the scientific and technical instruments company’s stock worth $99,739,000 after acquiring an additional 19,476 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Itron by 25.3% in the second quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock valued at $53,000 after acquiring an additional 81 shares during the last quarter. Finally, 1832 Asset Management L.P. purchased a new stake in Itron in the second quarter valued at $638,000. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wall Street Zen upgraded Itron from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Robert W. Baird restated a “neutral” rating and set a $118.00 price target (down previously from $137.00) on shares of Itron in a research note on Friday, October 31st. Stephens upgraded Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 price objective for the company in a research note on Monday, November 3rd. Zacks Research downgraded Itron from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Itron in a research report on Monday, December 1st. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Itron has an average rating of “Moderate Buy” and a consensus price target of $139.00.

Itron Stock Down 1.3%

Itron stock opened at $97.87 on Friday. The stock has a 50 day moving average of $113.82 and a two-hundred day moving average of $121.52. Itron, Inc. has a twelve month low of $90.11 and a twelve month high of $142.00. The stock has a market capitalization of $4.48 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 0.48 and a beta of 1.52. The company has a current ratio of 2.17, a quick ratio of 1.91 and a debt-to-equity ratio of 0.46.

Itron (NASDAQ:ITRI) last released its quarterly earnings results on Thursday, October 30th. The scientific and technical instruments company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.48 by $0.06. The business had revenue of $581.63 million during the quarter, compared to analysts’ expectations of $578.49 million. Itron had a return on equity of 17.82% and a net margin of 10.69%.The company’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.84 earnings per share. 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 expect that Itron, Inc. will post 5.33 earnings per share for the current year.

Insider Buying and Selling at Itron

In related news, CFO Joan S. Hooper sold 948 shares of the stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $96.51, for a total transaction of $91,491.48. Following the completion of the transaction, the chief financial officer directly owned 87,446 shares of the company’s stock, valued at $8,439,413.46. This represents a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP John F. Marcolini sold 553 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $96.51, for a total transaction of $53,370.03. Following the completion of the sale, the senior vice president owned 13,843 shares of the company’s stock, valued at approximately $1,335,987.93. The trade was a 3.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 2,971 shares of company stock valued at $286,731. Insiders own 1.45% 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.