Sanctuary Advisors LLC Sells 11,975 Shares of Itron, Inc. $ITRI

Sanctuary Advisors LLC decreased its position in Itron, Inc. (NASDAQ:ITRI) by 80.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,998 shares of the scientific and technical instruments company’s stock after selling 11,975 shares during the quarter. Sanctuary Advisors LLC’s holdings in Itron were worth $278,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted 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 worth $731,809,000 after buying an additional 132,329 shares during the last quarter. Impax Asset Management Group plc lifted 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 worth $197,153,000 after buying an additional 890,040 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Itron by 1.5% in 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 buying an additional 16,261 shares during the last quarter. Handelsbanken Fonder AB lifted its position in Itron by 6.0% in 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 buying an additional 56,318 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in Itron by 0.6% in the 3rd quarter. First Trust Advisors LP now owns 762,087 shares of the scientific and technical instruments company’s stock worth $94,926,000 after buying an additional 4,368 shares during the last quarter. Institutional investors own 96.19% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Robert W. Baird set a $128.00 price objective on Itron and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Weiss Ratings downgraded Itron from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Raymond James Financial assumed coverage on Itron in a research report on Tuesday, April 21st. They issued an “underperform” rating for the company. TD Cowen lowered their price objective on Itron from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. lowered their price objective on Itron from $133.00 to $113.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Eight analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.22.

Insider Buying and Selling

In related news, CAO David Marshall Wright sold 264 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $100.17, for a total value of $26,444.88. Following the sale, the chief accounting officer directly owned 9,124 shares of the company’s stock, valued at $913,951.08. This represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Laurie Ann Pulatie-Hahn sold 729 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $100.17, for a total value of $73,023.93. Following the completion of the sale, the senior vice president directly owned 32,950 shares in the company, valued at approximately $3,300,601.50. The trade was a 2.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 51,180 shares of company stock valued at $5,085,475 over the last 90 days. 1.77% of the stock is currently owned by company insiders.

Itron Price Performance

ITRI opened at $81.71 on Tuesday. The stock has a market capitalization of $3.62 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 0.72 and a beta of 1.35. The stock’s 50 day moving average price is $90.64 and its 200-day moving average price is $97.23. Itron, Inc. has a 52-week low of $78.53 and a 52-week high of $142.00. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.24 and a current ratio of 2.66.

Itron (NASDAQ:ITRI) last issued its quarterly earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share for the quarter, topping the consensus estimate 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 firm’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.52 earnings per share. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. On average, equities research analysts predict that Itron, Inc. will post 6.01 EPS 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.