Zacks Research Upgrades Itron (NASDAQ:ITRI) to Hold

Itron (NASDAQ:ITRI) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

ITRI has been the topic of a number of other research reports. Weiss Ratings downgraded Itron from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Stephens raised shares of Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 target price on the stock in a report on Monday, November 3rd. Johnson Rice upgraded shares of Itron from an “accumulate” rating to a “buy” rating and set a $130.00 price target for the company in a research report on Monday, January 5th. Argus reissued a “hold” rating on shares of Itron in a research report on Tuesday, November 4th. Finally, Guggenheim set a $155.00 price objective on shares of Itron in a research note on Friday, February 13th. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $138.56.

Itron Stock Down 2.2%

Shares of NASDAQ:ITRI traded down $2.13 during trading on Thursday, hitting $93.95. 959,692 shares of the company were exchanged, compared to its average volume of 1,361,386. The firm’s 50 day moving average price is $97.80 and its 200-day moving average price is $109.14. Itron has a 12-month low of $88.57 and a 12-month high of $142.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.80 and a quick ratio of 1.56. The stock has a market capitalization of $4.22 billion, a P/E ratio of 14.43, a PEG ratio of 0.84 and a beta of 1.48.

Itron (NASDAQ:ITRI) last announced its quarterly earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $2.46 EPS for the quarter, topping the consensus estimate of $2.19 by $0.27. Itron had a net margin of 12.72% and a return on equity of 20.04%. The firm had revenue of $571.66 million for the quarter, compared to analyst estimates of $561.31 million. During the same period last year, the business earned $1.35 EPS. Itron’s revenue for the quarter was down 6.7% compared to the same quarter last year. Itron has set its Q1 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 5.750-6.250 EPS. On average, research analysts predict that Itron will post 5.33 earnings per share for the current fiscal year.

Insider Activity at Itron

In other news, SVP John F. Marcolini sold 6,948 shares of Itron stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $99.54, for a total value of $691,603.92. Following the sale, the senior vice president owned 26,912 shares of the company’s stock, valued at $2,678,820.48. The trade was a 20.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Joan S. Hooper sold 15,293 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $99.54, for a total transaction of $1,522,265.22. Following the transaction, the chief financial officer owned 124,196 shares in the company, valued at approximately $12,362,469.84. This trade represents a 10.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 47,647 shares of company stock worth $4,746,590 in the last 90 days. Corporate insiders own 1.45% of the company’s stock.

Institutional Trading of Itron

Several hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. purchased a new stake in shares of Itron in the fourth quarter valued at approximately $12,864,000. Mercer Global Advisors Inc. ADV lifted its holdings in Itron by 18.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,787 shares of the scientific and technical instruments company’s stock valued at $259,000 after acquiring an additional 441 shares during the period. XTX Topco Ltd purchased a new stake in shares of Itron during the 4th quarter worth $1,032,000. Voloridge Investment Management LLC boosted its position in shares of Itron by 164.1% during the 4th quarter. Voloridge Investment Management LLC now owns 197,536 shares of the scientific and technical instruments company’s stock worth $18,343,000 after purchasing an additional 122,733 shares in the last quarter. Finally, Symmetry Investments LP acquired a new position in shares of Itron during the 4th quarter worth $3,334,000. 96.19% of the stock is owned by institutional investors and hedge funds.

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.