Insider Selling: Itron (NASDAQ:ITRI) SVP Sells 189 Shares of Stock

by · The Cerbat Gem

Itron, Inc. (NASDAQ:ITRI – Get Free Report) SVP Christopher Ware sold 189 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $79.60, for a total transaction of $15,044.40. Following the completion of the sale, the senior vice president directly owned 30,506 shares in the company, valued at $2,428,277.60. This trade represents a 0.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Price Performance

Shares of NASDAQ ITRI traded up $0.93 on Thursday, hitting $82.28. The company’s stock had a trading volume of 376,875 shares, compared to its average volume of 937,478. Itron, Inc. has a 12-month low of $77.77 and a 12-month high of $142.00. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of 0.68 and a beta of 1.35. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.66 and a quick ratio of 2.24. The stock has a 50 day moving average of $88.85 and a 200-day moving average of $94.73.

Itron (NASDAQ:ITRI – Get Free Report) last announced 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 the consensus estimate of $1.26 by $0.23. The business had revenue of $586.98 million for the quarter, compared to the consensus estimate of $572.04 million. Itron had a net margin of 12.31% and a return on equity of 19.54%. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.52 earnings per share. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. As a group, research analysts predict that Itron, Inc. will post 6.01 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on ITRI. Raymond James Financial began coverage on shares of Itron in a research note on Tuesday, April 21st. They set an “underperform” rating on the stock. Robert W. Baird set a $128.00 price objective on shares of Itron and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Zacks Research raised shares of Itron from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. TD Cowen reduced their price objective on shares of Itron from $145.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Finally, Oppenheimer upped their price objective on shares of Itron from $133.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $131.22.

Check Out Our Latest Analysis on Itron

Hedge Funds Weigh In On Itron

A number of large investors have recently bought and sold shares of ITRI. Northwestern Mutual Wealth Management Co. raised its stake in Itron by 343.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 346 shares of the scientific and technical instruments company’s stock worth $46,000 after purchasing an additional 268 shares during the period. M&T Bank Corp raised its stake in Itron by 10.0% during the second quarter. M&T Bank Corp now owns 2,141 shares of the scientific and technical instruments company’s stock worth $282,000 after purchasing an additional 194 shares during the period. EverSource Wealth Advisors LLC raised its stake in Itron by 25.3% during the second quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock worth $53,000 after purchasing an additional 81 shares during the period. Jump Financial LLC purchased a new position in Itron during the second quarter worth approximately $1,609,000. Finally, Cerity Partners LLC raised its stake in Itron by 10.2% during the second quarter. Cerity Partners LLC now owns 5,431 shares of the scientific and technical instruments company’s stock worth $715,000 after purchasing an additional 503 shares during the period. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Itron Company Profile

(Get Free Report)

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.

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