Itron, Inc. $ITRI Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd reduced its position in Itron, Inc. (NASDAQ:ITRI) by 68.5% in the 1st quarter, Holdings Channel reports. The fund owned 18,992 shares of the scientific and technical instruments company’s stock after selling 41,374 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Itron were worth $1,702,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ITRI. Private Trust Co. NA lifted its position in Itron by 112.4% during the fourth quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company’s stock worth $25,000 after buying an additional 145 shares during the period. Employees Retirement System of Texas acquired a new position in Itron during the third quarter worth approximately $32,000. Northwestern Mutual Wealth Management Co. raised its stake in Itron by 29.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the scientific and technical instruments company’s stock worth $41,000 after purchasing an additional 101 shares during the period. Advisory Services Network LLC acquired a new position in shares of Itron in the 3rd quarter valued at $49,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Itron by 25.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock valued at $53,000 after purchasing an additional 81 shares during the last quarter. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Itron

In other Itron news, CFO Joan S. Hooper sold 442 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total value of $37,291.54. Following the completion of the transaction, the chief financial officer directly owned 117,478 shares of the company’s stock, valued at $9,911,618.86. This represents a 0.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 firm’s 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 sale, the senior vice president owned 29,100 shares of the company’s stock, valued at $2,455,167. This represents a 1.08% decrease in their ownership of the stock. 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. In the last three months, insiders sold 3,946 shares of company stock valued at $324,420. Corporate insiders own 1.77% of the company’s stock.

Itron Stock Up 1.1%

NASDAQ ITRI opened at $84.99 on Friday. The stock has a market cap of $3.77 billion, a PE ratio of 13.56, a P/E/G ratio of 0.74 and a beta of 1.32. Itron, Inc. has a fifty-two week low of $77.77 and a fifty-two week high of $142.00. The business has a 50 day moving average price of $82.46 and a two-hundred day moving average price of $90.65. The company has a quick ratio of 2.24, a current ratio of 2.66 and a debt-to-equity ratio of 0.97.

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ITRI shares. TD Cowen cut their target price on Itron from $145.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Oppenheimer upped their price target on Itron from $133.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Stephens restated an “overweight” rating and issued a $130.00 price objective on shares of Itron in a report on Wednesday, May 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Itron in a research note on Friday, May 8th. Finally, Raymond James Financial began coverage on Itron in a report on Tuesday, April 21st. They set an “underperform” rating for the company. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Itron currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.22.

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.