Hsbc Holdings PLC Acquires 226,580 Shares of Itron, Inc. $ITRI

Hsbc Holdings PLC grew its holdings in Itron, Inc. (NASDAQ:ITRI) by 3,377.3% during the first quarter, HoldingsChannel.com reports. The firm owned 233,289 shares of the scientific and technical instruments company’s stock after acquiring an additional 226,580 shares during the quarter. Hsbc Holdings PLC’s holdings in Itron were worth $20,656,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Employees Retirement System of Texas purchased a new stake in shares of Itron in the third quarter valued at approximately $32,000. Private Trust Co. NA lifted its holdings in Itron by 112.4% during the fourth quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company’s stock worth $25,000 after buying an additional 145 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Itron by 343.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 346 shares of the scientific and technical instruments company’s stock valued at $46,000 after acquiring an additional 268 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Itron in the 3rd quarter worth $49,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Itron by 25.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock worth $53,000 after acquiring an additional 81 shares in the last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Itron

In other news, SVP Donald L. Reeves III sold 319 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 $26,914.03. Following the completion of the transaction, the senior vice president owned 29,100 shares of the company’s stock, valued at $2,455,167. The trade was a 1.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 company’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 completion of the sale, the chief financial officer owned 117,478 shares in the company, valued at $9,911,618.86. The trade was a 0.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 3,946 shares of company stock worth $324,420. Insiders own 1.77% of the company’s stock.

Itron Stock Down 0.3%

NASDAQ:ITRI opened at $84.14 on Wednesday. The firm has a market capitalization of $3.73 billion, a P/E ratio of 13.42, a PEG ratio of 0.74 and a beta of 1.32. Itron, Inc. has a 1-year low of $77.77 and a 1-year high of $142.00. The company’s fifty day moving average price is $82.79 and its 200-day moving average price is $90.05. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.66 and a quick ratio of 2.24.

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

Analyst Ratings Changes

ITRI has been the topic of a number of recent research reports. Oppenheimer raised their price objective on Itron from $133.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Itron in a research report on Friday, May 8th. TD Cowen lowered their price target 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. Zacks Research downgraded shares of Itron from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. Finally, Raymond James Financial assumed coverage on shares of Itron in a research report on Tuesday, April 21st. They set an “underperform” rating for the company. Eight research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Itron has a consensus rating of “Hold” and an average price target of $131.22.

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.