Banco Santander S.A. Lowers Stock Position in Itron, Inc. $ITRI

Banco Santander S.A. cut its position in shares of Itron, Inc. (NASDAQ:ITRI) by 12.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 225,697 shares of the scientific and technical instruments company’s stock after selling 32,803 shares during the quarter. Banco Santander S.A.’s holdings in Itron were worth $20,958,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in ITRI. Norges Bank purchased a new stake in Itron during the fourth quarter worth $63,990,000. Merewether Investment Management LP boosted its holdings in Itron by 1,552.7% during the second quarter. Merewether Investment Management LP now owns 300,787 shares of the scientific and technical instruments company’s stock worth $39,593,000 after buying an additional 282,587 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Itron by 18.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,271,042 shares of the scientific and technical instruments company’s stock worth $118,034,000 after buying an additional 194,768 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Itron by 42.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 604,580 shares of the scientific and technical instruments company’s stock valued at $75,306,000 after buying an additional 180,366 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Itron by 1,925.5% during the 3rd quarter. Marshall Wace LLP now owns 186,873 shares of the scientific and technical instruments company’s stock valued at $23,277,000 after buying an additional 177,647 shares in the last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Itron

In other Itron news, SVP John F. Marcolini sold 322 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total value of $27,167.14. Following the sale, the senior vice president owned 24,689 shares of the company’s stock, valued at $2,083,010.93. This trade represents a 1.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Donald L. Reeves III sold 319 shares of the stock in a transaction dated Tuesday, May 26th. The shares were 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 directly owned 29,100 shares in the company, valued at $2,455,167. This represents a 1.08% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 3,946 shares of company stock valued at $324,420 in the last quarter. Corporate insiders own 1.77% of the company’s stock.

Itron Stock Down 0.2%

Itron stock opened at $80.56 on Friday. Itron, Inc. has a twelve month low of $77.77 and a twelve month high of $142.00. The stock’s fifty day simple moving average is $86.02 and its 200-day simple moving average is $92.55. 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 firm has a market capitalization of $3.57 billion, a P/E ratio of 12.85, a P/E/G ratio of 0.71 and a beta of 1.33.

Itron (NASDAQ:ITRI) last posted 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 company had revenue of $586.98 million for the quarter, compared to analyst estimates of $572.04 million. Itron had a return on equity of 19.54% and a net margin of 12.31%.Itron’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.52 EPS. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. As a group, equities analysts expect that Itron, Inc. will post 6.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ITRI shares. Guggenheim set a $155.00 target price on Itron in a research report on Friday, February 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Itron in a research note on Friday, May 8th. Robert W. Baird set a $128.00 target price on shares of Itron and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Stephens reiterated an “overweight” rating and issued a $130.00 target price on shares of Itron in a report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Itron from $133.00 to $113.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Itron presently has an average rating of “Moderate Buy” and an average target price of $131.22.

About Itron

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.