Vontobel Holding Ltd. Reduces Stock Holdings in Itron, Inc. $ITRI

by · The Markets Daily

Vontobel Holding Ltd. decreased its position in shares of Itron, Inc. (NASDAQ:ITRI – Free Report) by 13.0% in the 3rd quarter, Holdings Channel reports. The fund owned 325,680 shares of the scientific and technical instruments company’s stock after selling 48,476 shares during the quarter. Vontobel Holding Ltd.’s holdings in Itron were worth $40,567,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in Itron by 52.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,240 shares of the scientific and technical instruments company’s stock worth $163,000 after purchasing an additional 427 shares in the last quarter. Hsbc Holdings PLC grew 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 buying an additional 9,461 shares in the last quarter. Schroder Investment Management Group increased its stake in Itron by 23.6% in the second quarter. Schroder Investment Management Group now owns 376,087 shares of the scientific and technical instruments company’s stock valued at $49,504,000 after acquiring an additional 71,702 shares during the last quarter. Arvin Capital Management LP purchased a new stake in Itron during the second quarter valued at about $8,331,000. Finally, Wolverine Asset Management LLC bought a new stake in Itron during the second quarter worth about $377,000. Institutional investors own 96.19% of the company’s stock.

Insider Buying and Selling

In other Itron news, SVP John F. Marcolini sold 553 shares of the stock in a transaction on 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 transaction, the senior vice president owned 13,843 shares in the company, valued at $1,335,987.93. This trade represents a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 approximately $8,439,413.46. The trade was a 1.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,971 shares of company stock valued at $286,731 in the last ninety days. Company insiders own 1.51% of the company’s stock.

Itron Stock Performance

NASDAQ:ITRI opened at $96.98 on Wednesday. Itron, Inc. has a 52-week low of $90.11 and a 52-week high of $142.00. The firm has a market capitalization of $4.44 billion, a PE ratio of 17.26, a P/E/G ratio of 0.46 and a beta of 1.52. The stock has a 50-day simple moving average of $106.74 and a two-hundred day simple moving average of $119.89. 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 – Get Free Report) last posted its quarterly earnings results on Thursday, October 30th. The scientific and technical instruments company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $578.49 million. During the same period in the prior year, the business posted $1.84 earnings per share. The company’s 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 forecast that Itron, Inc. will post 5.33 EPS for the current year.

Analyst Upgrades and Downgrades

ITRI has been the subject of a number of research reports. Oppenheimer set a $145.00 price objective on shares of Itron and gave the company an “outperform” rating in a research note on Friday, October 31st. Robert W. Baird restated a “neutral” rating and issued a $118.00 price objective (down from $137.00) on shares of Itron in a report on Friday, October 31st. Wall Street Zen upgraded Itron from a “hold” rating to a “buy” rating in a research note on Sunday. Stephens raised shares of Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 price objective on the stock in a research note on Monday, November 3rd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Itron in a report on Monday. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $139.00.

Read Our Latest Stock Analysis on Itron

Itron Company Profile

(Free Report)

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.

See Also

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