Donald Reeves III Sells 286 Shares of Itron (NASDAQ:ITRI) Stock

Itron, Inc. (NASDAQ:ITRI) SVP Donald Reeves III sold 286 shares of Itron stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $97.83, for a total transaction of $27,979.38. Following the completion of the transaction, the senior vice president directly owned 28,521 shares in the company, valued at approximately $2,790,209.43. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Trading Down 1.4%

NASDAQ:ITRI traded down $1.36 during midday trading on Monday, reaching $98.67. 67,883 shares of the stock traded hands, compared to its average volume of 879,781. The stock has a market capitalization of $4.32 billion, a P/E ratio of 16.45, a PEG ratio of 1.20 and a beta of 1.30. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.29 and a current ratio of 2.75. The company has a fifty day moving average of $90.52 and a 200 day moving average of $90.11. Itron, Inc. has a 12 month low of $77.77 and a 12 month high of $142.00.

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, topping analysts’ consensus estimates of $1.29 by $0.30. Itron had a net margin of 11.90% and a return on equity of 19.26%. The business had revenue of $562.90 million for the quarter, compared to analyst estimates of $566.34 million. During the same quarter last year, the firm earned $1.62 EPS. The company’s revenue 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. On average, research analysts predict that Itron, Inc. will post 6.4 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on ITRI. 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 note on Wednesday, April 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Itron in a report on Wednesday, August 5th. Stephens reiterated an “overweight” rating and issued a $130.00 price objective on shares of Itron in a research report on Wednesday, May 20th. Roth Capital reissued a “buy” rating and set a $136.00 target price on shares of Itron in a research note on Wednesday, April 29th. Finally, Seaport Research Partners reaffirmed a “buy” rating and issued a $150.00 price target on shares of Itron in a research note on Wednesday, July 29th. Eight investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Itron currently has a consensus rating of “Moderate Buy” and an average price target of $131.33.

Institutional Trading of Itron

Institutional investors and hedge funds have recently bought and sold shares of the stock. Capital World Investors purchased a new position in shares of Itron in the fourth quarter worth $10,460,000. Assenagon Asset Management S.A. boosted its position 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 during the last quarter. DNB Asset Management AS bought a new stake in Itron in the 4th quarter worth about $12,191,000. WINTON GROUP Ltd purchased a new position in Itron in the 4th quarter worth about $5,795,000. Finally, Fieldview Capital Management LLC raised its position in Itron by 54.1% in the 4th quarter. Fieldview Capital Management LLC now owns 40,095 shares of the scientific and technical instruments company’s stock worth $3,723,000 after buying an additional 14,079 shares during the last quarter. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

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.