Voya Investment Management LLC Sells 5,511 Shares of Itron, Inc. $ITRI

Voya Investment Management LLC reduced its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 5.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 93,345 shares of the scientific and technical instruments company’s stock after selling 5,511 shares during the quarter. Voya Investment Management LLC owned about 0.20% of Itron worth $9,779,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Sowell Financial Services LLC bought a new stake in Itron during the first quarter worth approximately $266,000. Envestnet Asset Management Inc. increased its stake in Itron by 119.7% during the first quarter. Envestnet Asset Management Inc. now owns 77,060 shares of the scientific and technical instruments company’s stock worth $8,073,000 after acquiring an additional 41,984 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Itron by 54.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 6,278 shares of the scientific and technical instruments company’s stock worth $658,000 after acquiring an additional 2,201 shares during the last quarter. Principal Financial Group Inc. increased its stake in Itron by 2.5% during the first quarter. Principal Financial Group Inc. now owns 270,672 shares of the scientific and technical instruments company’s stock worth $28,356,000 after acquiring an additional 6,700 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in Itron by 42.7% during the first 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 during the last quarter. 96.19% of the stock is owned by institutional investors.

Itron Stock Down 2.2%

Shares of NASDAQ:ITRI opened at $117.47 on Wednesday. Itron, Inc. has a 52-week low of $90.11 and a 52-week high of $140.04. The stock has a market cap of $5.37 billion, a P/E ratio of 20.08, a price-to-earnings-growth ratio of 0.66 and a beta of 1.46. The business’s 50 day moving average is $127.28 and its 200 day moving average is $117.62. The company has a quick ratio of 1.75, a current ratio of 2.04 and a debt-to-equity ratio of 0.48.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ITRI. JPMorgan Chase & Co. raised Itron from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $128.00 to $145.00 in a research note on Thursday, July 31st. Guggenheim reissued a “buy” rating and set a $155.00 price objective (up from $133.00) on shares of Itron in a research note on Monday, July 14th. Roth Capital upped their target price on Itron from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Johnson Rice cut Itron from a “buy” rating to an “accumulate” rating in a research note on Friday, August 1st. Finally, Stephens set a $130.00 target price on Itron in a research note on Monday, August 4th. Ten 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $136.55.

Insider Buying and Selling

In related news, CFO Joan S. Hooper sold 970 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $125.31, for a total value of $121,550.70. Following the transaction, the chief financial officer owned 88,394 shares of the company’s stock, valued at $11,076,652.14. This represents a 1.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Justin K. Patrick sold 388 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $125.31, for a total value of $48,620.28. Following the completion of the transaction, the senior vice president directly owned 20,761 shares in the company, valued at approximately $2,601,560.91. This trade represents a 1.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,037 shares of company stock valued at $380,566 over the last 90 days. 1.51% of the stock is owned by insiders.

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.