Hsbc Holdings PLC Has $3.28 Million Holdings in Itron, Inc. $ITRI

Hsbc Holdings PLC grew its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 42.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,610 shares of the scientific and technical instruments company’s stock after purchasing an additional 9,461 shares during the period. Hsbc Holdings PLC owned about 0.07% of Itron worth $3,277,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Invesco Ltd. lifted its holdings in shares of Itron by 2.7% during the 1st quarter. Invesco Ltd. now owns 2,310,769 shares of the scientific and technical instruments company’s stock worth $242,076,000 after acquiring an additional 59,962 shares during the period. Northern Trust Corp lifted its holdings in shares of Itron by 11.4% during the 4th quarter. Northern Trust Corp now owns 572,266 shares of the scientific and technical instruments company’s stock worth $62,137,000 after acquiring an additional 58,546 shares during the period. Nuveen Asset Management LLC lifted its holdings in shares of Itron by 21.5% during the 4th quarter. Nuveen Asset Management LLC now owns 560,478 shares of the scientific and technical instruments company’s stock worth $60,857,000 after acquiring an additional 99,142 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Itron by 2.4% during the 4th quarter. Janus Henderson Group PLC now owns 536,288 shares of the scientific and technical instruments company’s stock worth $58,233,000 after acquiring an additional 12,810 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of Itron by 15.2% during the 1st quarter. Wellington Management Group LLP now owns 384,152 shares of the scientific and technical instruments company’s stock worth $40,244,000 after acquiring an additional 50,789 shares during the period. Institutional investors and hedge funds own 96.19% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ITRI shares. Stephens set a $130.00 price target on shares of Itron in a report on Monday, August 4th. Roth Capital upped their price target on shares of Itron from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Johnson Rice downgraded shares of Itron from a “buy” rating to an “accumulate” rating in a report on Friday, August 1st. Piper Sandler cut their price target on shares of Itron from $124.00 to $121.00 and set a “neutral” rating for the company in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. raised shares of Itron from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $128.00 to $145.00 in a report on Thursday, July 31st. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $136.25.

Insider Activity

In other news, CFO Joan S. Hooper sold 970 shares of the firm’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $125.31, for a total transaction of $121,550.70. Following the completion of the transaction, the chief financial officer owned 88,394 shares of the company’s stock, valued at approximately $11,076,652.14. This trade represents a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Donald L. Reeves III sold 547 shares of the firm’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $125.31, for a total transaction of $68,544.57. Following the transaction, the senior vice president directly owned 19,604 shares of the company’s stock, valued at $2,456,577.24. The trade was a 2.71% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,856 shares of company stock valued at $1,922,470. 1.51% of the stock is currently owned by company insiders.

Itron Price Performance

Shares of NASDAQ:ITRI opened at $124.06 on Wednesday. The company has a market cap of $5.67 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 0.68 and a beta of 1.35. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.04 and a quick ratio of 1.75. The firm has a 50 day simple moving average of $130.54 and a 200 day simple moving average of $115.46. Itron, Inc. has a one year low of $90.11 and a one year high of $140.04.

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

Itron Company 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.