Intech Investment Management LLC Decreases Stake in Itron, Inc. $ITRI

Intech Investment Management LLC lowered its position in Itron, Inc. (NASDAQ:ITRI) by 14.1% in the 4th quarter, HoldingsChannel reports. The fund owned 137,249 shares of the scientific and technical instruments company’s stock after selling 22,571 shares during the period. Intech Investment Management LLC’s holdings in Itron were worth $12,745,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. DLD Asset Management LP grew its holdings in Itron by 49.9% during the 3rd quarter. DLD Asset Management LP now owns 63,400 shares of the scientific and technical instruments company’s stock valued at $7,897,000 after buying an additional 21,100 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in Itron by 78.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 77,488 shares of the scientific and technical instruments company’s stock valued at $9,653,000 after buying an additional 34,027 shares in the last quarter. Elo Mutual Pension Insurance Co purchased a new position in Itron during the 3rd quarter valued at about $1,672,000. Peregrine Capital Management LLC grew its holdings in Itron by 19.3% during the 4th quarter. Peregrine Capital Management LLC now owns 103,474 shares of the scientific and technical instruments company’s stock valued at $9,609,000 after buying an additional 16,742 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Itron by 34.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 148,317 shares of the scientific and technical instruments company’s stock valued at $18,474,000 after buying an additional 37,634 shares in the last quarter. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Raymond James Financial assumed coverage on Itron in a report on Tuesday, April 21st. They set an “underperform” rating for the company. Zacks Research raised Itron from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Guggenheim set a $155.00 target price on Itron in a report on Friday, February 13th. Needham & Company LLC assumed coverage on Itron in a report on Friday, March 6th. They set a “buy” rating and a $124.00 target price for the company. Finally, Roth Mkm reaffirmed a “buy” rating and set a $136.00 target price on shares of Itron in a report on Wednesday, April 29th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Itron presently has a consensus rating of “Moderate Buy” and an average price target of $131.22.

Insider Activity

In related news, SVP Donald L. Reeves III sold 319 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total value of $26,914.03. Following the completion of the sale, the senior vice president owned 29,100 shares in the company, valued at $2,455,167. The trade was a 1.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP John F. Marcolini sold 322 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total value of $27,167.14. Following the completion of the sale, the senior vice president owned 24,689 shares of the company’s stock, valued at $2,083,010.93. The trade was a 1.29% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 3,946 shares of company stock worth $324,420. 1.77% of the stock is currently owned by insiders.

Itron Stock Performance

Shares of ITRI opened at $82.48 on Friday. The company has a market cap of $3.66 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 0.73 and a beta of 1.35. The company has a current ratio of 2.66, a quick ratio of 2.24 and a debt-to-equity ratio of 0.97. The stock has a 50-day moving average price of $87.71 and a 200-day moving average price of $93.73. Itron, Inc. has a 12-month low of $77.77 and a 12-month high of $142.00.

Itron (NASDAQ:ITRI) last issued its quarterly earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.23. The firm had revenue of $586.98 million during the quarter, compared to the consensus estimate of $572.04 million. Itron had a return on equity of 19.54% and a net margin of 12.31%.The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the company posted $1.52 EPS. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. As a group, equities analysts forecast that Itron, Inc. will post 6.01 earnings per share for the current fiscal year.

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.