Itron, Inc. $ITRI Shares Sold by Algert Global LLC

Algert Global LLC lessened its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 53.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 108,682 shares of the scientific and technical instruments company’s stock after selling 123,349 shares during the period. Algert Global LLC owned 0.24% of Itron worth $13,537,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings in shares of Itron by 25.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock worth $53,000 after buying an additional 81 shares during the last quarter. Amalgamated Bank raised its position in Itron by 0.7% in the third quarter. Amalgamated Bank now owns 13,060 shares of the scientific and technical instruments company’s stock valued at $1,627,000 after purchasing an additional 86 shares during the period. PFG Investments LLC lifted its stake in shares of Itron by 4.8% in the 3rd quarter. PFG Investments LLC now owns 2,059 shares of the scientific and technical instruments company’s stock valued at $256,000 after purchasing an additional 94 shares during the last quarter. Elevation Point Wealth Partners LLC grew its holdings in shares of Itron by 3.5% during the 2nd quarter. Elevation Point Wealth Partners LLC now owns 3,398 shares of the scientific and technical instruments company’s stock worth $447,000 after purchasing an additional 115 shares during the period. Finally, Xponance Inc. increased its position in shares of Itron by 3.2% during the 3rd quarter. Xponance Inc. now owns 3,757 shares of the scientific and technical instruments company’s stock worth $468,000 after purchasing an additional 115 shares during the last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

Itron Stock Down 0.7%

Shares of NASDAQ:ITRI opened at $90.00 on Monday. The firm has a market capitalization of $4.04 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 0.78 and a beta of 1.44. Itron, Inc. has a 1 year low of $88.57 and a 1 year high of $142.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.80 and a quick ratio of 1.56. The firm’s 50-day moving average is $97.33 and its two-hundred day moving average is $106.59.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $2.46 EPS for the quarter, beating the consensus estimate of $2.19 by $0.27. Itron had a net margin of 12.72% and a return on equity of 20.04%. The business had revenue of $571.66 million during the quarter, compared to analyst estimates of $561.31 million. During the same quarter last year, the firm posted $1.35 earnings per share. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year. Itron has set its Q1 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 5.750-6.250 EPS. Analysts predict that Itron, Inc. will post 5.33 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on ITRI shares. Oppenheimer upped their target price on shares of Itron from $125.00 to $133.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Zacks Research upgraded shares of Itron from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Wall Street Zen downgraded shares of Itron from a “buy” rating to a “hold” rating in a research note on Wednesday, January 14th. Weiss Ratings cut shares of Itron from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Finally, Guggenheim set a $155.00 target price on shares of Itron in a report on Friday, February 13th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $137.10.

Insiders Place Their Bets

In related news, SVP Donald L. Reeves III sold 5,419 shares of Itron stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $99.54, for a total value of $539,407.26. Following the completion of the transaction, the senior vice president directly owned 33,140 shares in the company, valued at approximately $3,298,755.60. This trade represents a 14.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Christopher E. Ware sold 4,486 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $99.54, for a total value of $446,536.44. Following the transaction, the senior vice president directly owned 31,806 shares of the company’s stock, valued at $3,165,969.24. The trade was a 12.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 51,180 shares of company stock valued at $5,085,475. Corporate insiders own 1.51% of the company’s stock.

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.