WINTON GROUP Ltd Purchases New Stake in Itron, Inc. $ITRI

WINTON GROUP Ltd purchased a new stake in Itron, Inc. (NASDAQ:ITRI) in the 4th quarter, HoldingsChannel reports. The fund purchased 62,407 shares of the scientific and technical instruments company’s stock, valued at approximately $5,795,000.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its position in Itron by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 5,875,153 shares of the scientific and technical instruments company’s stock valued at $731,809,000 after purchasing an additional 132,329 shares during the period. Impax Asset Management Group plc grew its position in Itron by 127.3% in the 3rd quarter. Impax Asset Management Group plc now owns 1,588,950 shares of the scientific and technical instruments company’s stock valued at $197,153,000 after purchasing an additional 890,040 shares during the period. Geode Capital Management LLC grew its position in Itron by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 1,144,982 shares of the scientific and technical instruments company’s stock valued at $106,340,000 after purchasing an additional 6,598 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Itron by 1.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,076,274 shares of the scientific and technical instruments company’s stock worth $134,058,000 after acquiring an additional 16,261 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in Itron by 6.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 999,882 shares of the scientific and technical instruments company’s stock worth $124,545,000 after acquiring an additional 56,318 shares during the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.

Insider Activity at Itron

In related news, CFO Joan S. Hooper sold 442 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total value of $37,291.54. Following the sale, the chief financial officer directly owned 117,478 shares in the company, valued at approximately $9,911,618.86. The trade was a 0.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Donald L. Reeves III sold 319 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total value of $26,914.03. Following the completion of the sale, the senior vice president owned 29,100 shares in the company, valued at $2,455,167. This represents a 1.08% 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. In the last three months, insiders have sold 3,946 shares of company stock worth $324,420. Company insiders own 1.77% of the company’s stock.

Wall Street Analysts Forecast Growth

ITRI has been the topic of a number of analyst reports. TD Cowen cut their price objective on shares of Itron from $145.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Itron in a report on Friday, May 8th. Raymond James Financial initiated coverage on shares of Itron in a report on Tuesday, April 21st. They set an “underperform” rating on the stock. Zacks Research raised shares of Itron from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Finally, Stephens reaffirmed an “overweight” rating and set a $130.00 price objective on shares of Itron in a report on Wednesday, May 20th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Itron currently has an average rating of “Moderate Buy” and an average price target of $131.22.

Itron Trading Down 1.2%

NASDAQ ITRI opened at $80.07 on Friday. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 0.70 and a beta of 1.33. Itron, Inc. has a one year low of $77.77 and a one year high of $142.00. 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 business’s fifty day moving average is $86.67 and its 200-day moving average is $93.06.

Itron (NASDAQ:ITRI) last released its earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.23. The company had revenue of $586.98 million for the quarter, compared to analysts’ expectations of $572.04 million. Itron had a return on equity of 19.54% and a net margin of 12.31%.The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.52 EPS. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. Equities research analysts predict that Itron, Inc. will post 6.01 EPS for the current year.

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.