Green Alpha Advisors LLC Buys Shares of 5,588 Itron, Inc. $ITRI

Green Alpha Advisors LLC purchased a new stake in shares of Itron, Inc. (NASDAQ:ITRI) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,588 shares of the scientific and technical instruments company’s stock, valued at approximately $484,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP acquired a new position in shares of Itron in the second quarter valued at approximately $67,000. Great Lakes Advisors LLC acquired a new stake in Itron during the 2nd quarter worth approximately $2,577,000. Flputnam Investment Management Co. bought a new stake in Itron during the 2nd quarter worth approximately $327,000. Global Retirement Partners LLC bought a new stake in Itron during the 2nd quarter worth approximately $115,000. Finally, State of Wyoming acquired a new position in Itron in the 2nd quarter valued at approximately $189,000. 96.19% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Itron

In other Itron news, SVP Donald L. Reeves III sold 319 shares of Itron stock in a transaction that occurred on Tuesday, May 26th. The stock was 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 directly owned 29,100 shares in the company, valued at approximately $2,455,167. The trade was a 1.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP John F. Marcolini sold 322 shares of Itron stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total transaction of $27,167.14. Following the completion of the sale, the senior vice president owned 24,689 shares of the company’s stock, valued at $2,083,010.93. This represents a 1.29% decrease in their position. 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 quarter, insiders have sold 2,035 shares of company stock valued at $171,731. 1.77% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ITRI has been the topic of a number of recent research reports. Seaport Research Partners reiterated a “buy” rating and set a $150.00 price target on shares of Itron in a report on Wednesday, July 29th. Weiss Ratings restated a “hold (c)” rating on shares of Itron in a report on Wednesday, August 5th. Stephens reaffirmed an “overweight” rating and set a $130.00 target price on shares of Itron in a research report on Wednesday, May 20th. TD Cowen cut their target price on Itron from $145.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Finally, Zacks Research upgraded Itron from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. Eight investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $131.33.

Itron Stock Up 1.6%

Shares of NASDAQ ITRI opened at $100.03 on Friday. The company’s 50 day moving average price is $90.52 and its 200-day moving average price is $90.18. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.29 and a current ratio of 2.75. Itron, Inc. has a 52-week low of $77.77 and a 52-week high of $142.00. The company has a market capitalization of $4.38 billion, a P/E ratio of 16.70, a price-to-earnings-growth ratio of 1.18 and a beta of 1.30.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.30. Itron had a net margin of 11.90% and a return on equity of 19.26%. The company had revenue of $562.90 million during the quarter, compared to analysts’ expectations of $566.34 million. During the same period in the prior year, the company posted $1.62 earnings per share. Itron’s revenue for the quarter was down 7.2% compared to the same quarter last year. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. Equities analysts forecast that Itron, Inc. will post 6.4 earnings per share for the current year.

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.