Ardsley Advisory Partners LP Invests $1.30 Million in Itron, Inc. $ITRI

Ardsley Advisory Partners LP bought a new position in shares of Itron, Inc. (NASDAQ:ITRI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 14,000 shares of the scientific and technical instruments company’s stock, valued at approximately $1,300,000.

Several other large investors also recently modified their holdings of ITRI. EverSource Wealth Advisors LLC boosted its stake in Itron by 25.3% in the second quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock valued at $53,000 after buying an additional 81 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Itron by 29.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the scientific and technical instruments company’s stock valued at $41,000 after buying an additional 101 shares in the last quarter. Xponance Inc. boosted its stake in Itron by 3.2% in the third quarter. Xponance Inc. now owns 3,757 shares of the scientific and technical instruments company’s stock valued at $468,000 after buying an additional 115 shares in the last quarter. Xponance LLC boosted its stake in Itron by 3.2% in the fourth quarter. Xponance LLC now owns 3,877 shares of the scientific and technical instruments company’s stock valued at $360,000 after buying an additional 120 shares in the last quarter. Finally, Oliver Luxxe Assets LLC boosted its stake in Itron by 0.5% in the fourth quarter. Oliver Luxxe Assets LLC now owns 24,960 shares of the scientific and technical instruments company’s stock valued at $2,318,000 after buying an additional 127 shares in the last quarter. 96.19% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Itron

In other Itron news, SVP John F. Marcolini sold 322 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total value of $27,167.14. Following the completion of the transaction, the senior vice president directly owned 24,689 shares in the company, valued at approximately $2,083,010.93. This trade represents a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Joan S. Hooper sold 442 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total value of $37,291.54. Following the completion of the transaction, the chief financial officer owned 117,478 shares of the company’s stock, valued at $9,911,618.86. This represents a 0.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 3,946 shares of company stock worth $324,420. 1.77% of the stock is currently owned by insiders.

Itron Price Performance

Itron stock opened at $79.26 on Thursday. The company has a current ratio of 2.66, a quick ratio of 2.24 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $3.51 billion, a PE ratio of 12.64, a P/E/G ratio of 0.71 and a beta of 1.33. Itron, Inc. has a 12 month low of $77.77 and a 12 month high of $142.00. The stock has a 50-day moving average price of $85.47 and a two-hundred day moving average price of $92.15.

Itron (NASDAQ:ITRI) last posted its earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.26 by $0.23. The firm had revenue of $586.98 million during the quarter, compared to the consensus estimate of $572.04 million. Itron had a return on equity of 19.54% and a net margin of 12.31%.The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period last year, the company earned $1.52 earnings per share. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. Analysts expect that Itron, Inc. will post 6.01 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ITRI shares. Needham & Company LLC started coverage on Itron in a research note on Friday, March 6th. They issued a “buy” rating and a $124.00 price objective on the stock. Raymond James Financial started coverage on Itron in a research note on Tuesday, April 21st. They issued an “underperform” rating on the stock. JPMorgan Chase & Co. reduced their price objective on Itron from $133.00 to $113.00 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. Zacks Research raised Itron from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Finally, Oppenheimer raised their price objective on Itron from $133.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $131.22.

Itron 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.