Great Lakes Advisors LLC Invests $2.58 Million in Itron, Inc. $ITRI

Great Lakes Advisors LLC purchased a new stake in shares of Itron, Inc. (NASDAQ:ITRI) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 29,779 shares of the scientific and technical instruments company’s stock, valued at approximately $2,577,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Flputnam Investment Management Co. acquired a new position in shares of Itron in the second quarter worth about $327,000. Global Retirement Partners LLC purchased a new stake in shares of Itron in the second quarter valued at $115,000. State of Wyoming acquired a new stake in shares of Itron in the second quarter worth $189,000. Summit Global Investments acquired a new stake in shares of Itron in the second quarter worth $302,000. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Itron by 160.4% during the second quarter. Assenagon Asset Management S.A. now owns 336,710 shares of the scientific and technical instruments company’s stock valued at $29,136,000 after buying an additional 207,416 shares in the last quarter. 96.19% of the stock is currently owned by institutional investors.

Itron Stock Performance

Shares of NASDAQ ITRI opened at $100.03 on Friday. The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 1.18 and a beta of 1.30. Itron, Inc. has a one year low of $77.77 and a one year high of $142.00. The business has a fifty day simple moving average of $90.52 and a 200 day simple moving average of $90.18. The company has a current ratio of 2.75, a quick ratio of 2.29 and a debt-to-equity ratio of 0.96.

Itron (NASDAQ:ITRI) last announced its quarterly earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.30. Itron had a net margin of 11.90% and a return on equity of 19.26%. The firm had revenue of $562.90 million for the quarter, compared to analyst estimates of $566.34 million. During the same quarter in the previous year, the firm posted $1.62 EPS. The business’s revenue for the quarter was down 7.2% on a year-over-year basis. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. Sell-side analysts expect that Itron, Inc. will post 6.4 EPS for the current year.

Insider Buying and Selling

In other news, SVP John F. Marcolini sold 322 shares of the company’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 sale, the senior vice president directly owned 24,689 shares in the company, valued at approximately $2,083,010.93. This represents a 1.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Joan S. Hooper sold 442 shares of the 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 $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 approximately $9,911,618.86. The trade was a 0.37% 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. Insiders sold 2,035 shares of company stock valued at $171,731 over the last quarter. Corporate insiders own 1.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Stephens reiterated an “overweight” rating and issued a $130.00 target price on shares of Itron in a report on Wednesday, May 20th. Needham & Company LLC lifted their price objective on Itron from $116.00 to $128.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. TD Cowen dropped 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. Robert W. Baird set a $125.00 price target on Itron in a research note on Wednesday, July 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Itron in a research note on Wednesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $131.33.

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.