Banco Santander S.A. Has $32.20 Million Stake in Itron, Inc. $ITRI

Banco Santander S.A. increased its stake in Itron, Inc. (NASDAQ:ITRI) by 33.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 258,500 shares of the scientific and technical instruments company’s stock after acquiring an additional 64,500 shares during the quarter. Banco Santander S.A. owned 0.56% of Itron worth $32,199,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Campbell & CO Investment Adviser LLC bought a new stake in Itron in the 3rd quarter valued at about $1,300,000. Robeco Schweiz AG increased its holdings in shares of Itron by 31.2% during the third quarter. Robeco Schweiz AG now owns 372,176 shares of the scientific and technical instruments company’s stock valued at $46,358,000 after acquiring an additional 88,504 shares in the last quarter. Schroder Investment Management Group raised its position in shares of Itron by 23.6% during the second quarter. Schroder Investment Management Group now owns 376,087 shares of the scientific and technical instruments company’s stock worth $49,504,000 after purchasing an additional 71,702 shares during the period. J. Safra Sarasin Holding AG bought a new position in shares of Itron in the 3rd quarter worth $4,673,000. Finally, Envestnet Asset Management Inc. grew its position in Itron by 34.0% in 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 purchasing an additional 37,634 shares during the period. 96.19% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Joan S. Hooper sold 1,426 shares of Itron stock in a transaction on Friday, February 20th. The stock was sold at an average price of $100.17, for a total transaction of $142,842.42. Following the sale, the chief financial officer directly owned 122,770 shares in the company, valued at $12,297,870.90. The trade was a 1.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Donald L. Reeves III sold 1,071 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $100.17, for a total transaction of $107,282.07. Following the completion of the transaction, the senior vice president directly owned 32,069 shares in the company, valued at $3,212,351.73. This trade represents a 3.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 47,128 shares of company stock worth $4,695,811. 1.45% of the stock is owned by insiders.

Itron Trading Down 1.1%

NASDAQ:ITRI opened at $96.08 on Friday. Itron, Inc. has a 52 week low of $88.57 and a 52 week high of $142.00. The firm has a 50-day moving average price of $97.85 and a two-hundred day moving average price of $109.35. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.56 and a current ratio of 1.80. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 14.76, a price-to-earnings-growth ratio of 0.84 and a beta of 1.48.

Itron (NASDAQ:ITRI) last released its earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.27. The company had revenue of $571.66 million during the quarter, compared to analyst estimates of $561.31 million. Itron had a return on equity of 20.04% and a net margin of 12.72%.Itron’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.35 earnings per share. 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, equities analysts expect that Itron, Inc. will post 5.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Johnson Rice upgraded shares of Itron from an “accumulate” rating to a “buy” rating and set a $130.00 price objective on the stock in a report on Monday, January 5th. Robert W. Baird set a $128.00 target price on shares of Itron and gave the stock an “outperform” rating in a report on Wednesday, February 18th. Weiss Ratings cut shares of Itron from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Stephens raised Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 price objective for the company in a report on Monday, November 3rd. Finally, Zacks Research lowered Itron from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 28th. Seven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $138.56.

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.