Great Lakes Advisors LLC Takes Position in Itron, Inc. $ITRI

Key Points

• Great Lakes Advisors acquired 29,779 Itron shares in the second quarter, worth approximately $2.58 million and representing about 0.07% of the company. Institutional investors collectively own 96.19% of Itron.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $131.33; individual targets range from $130 to $150.
• Itron exceeded quarterly earnings expectations, reporting $1.59 in EPS versus the $1.29 consensus, although revenue fell 7.2% year over year to $562.9 million. Shares opened at $100.03, within a 12-month range of $77.77 to $142.00.

Great Lakes Advisors LLC bought a new position in Itron, Inc. (NASDAQ:ITRI - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 29,779 shares of the scientific and technical instruments company's stock, valued at approximately $2,577,000. Great Lakes Advisors LLC owned approximately 0.07% of Itron as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of ITRI. Norges Bank purchased a new stake in shares of Itron during the 4th quarter valued at $63,990,000. Soros Fund Management LLC acquired a new stake in Itron in the 4th quarter valued at approximately $34,843,000. Millennium Management LLC boosted its holdings in Itron by 269.3% during the 4th quarter. Millennium Management LLC now owns 506,867 shares of the scientific and technical instruments company's stock valued at $47,068,000 after acquiring an additional 369,617 shares during the period. Merewether Investment Management LP increased its stake in Itron by 1,552.7% during the 2nd quarter. Merewether Investment Management LP now owns 300,787 shares of the scientific and technical instruments company's stock worth $39,593,000 after buying an additional 282,587 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Itron by 20.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,536,081 shares of the scientific and technical instruments company's stock valued at $137,659,000 after purchasing an additional 265,039 shares during the period. 96.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ITRI shares. Zacks Research raised shares of Itron from a "strong sell" rating to a "hold" rating in a research report on Wednesday, July 29th. Roth Capital reaffirmed a "buy" rating and set a $136.00 price target on shares of Itron in a report on Wednesday, April 29th. Stephens restated an "overweight" rating and set a $130.00 target price on shares of Itron in a research note on Wednesday, May 20th. Weiss Ratings reissued a "hold (c)" rating on shares of Itron in a research report on Wednesday, August 5th. Finally, Seaport Research Partners reaffirmed a "buy" rating and issued a $150.00 target price on shares of Itron in a report on Wednesday, July 29th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Itron has a consensus rating of "Moderate Buy" and an average target price of $131.33.

Itron Stock Performance

Shares of ITRI stock opened at $100.03 on Friday. The company has a current ratio of 2.75, a quick ratio of 2.29 and a debt-to-equity ratio of 0.96. Itron, Inc. has a 12-month low of $77.77 and a 12-month high of $142.00. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 1.18 and a beta of 1.30. The stock has a 50 day simple moving average of $90.52 and a 200-day simple moving average of $90.18.

Itron (NASDAQ:ITRI - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.30. Itron had a return on equity of 19.26% and a net margin of 11.90%.The business had revenue of $562.90 million for the quarter, compared to analysts' expectations of $566.34 million. During the same quarter in the prior year, the firm posted $1.62 EPS. The company's revenue 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. On average, equities analysts forecast that Itron, Inc. will post 6.4 EPS for the current year.

Insider Buying and Selling at Itron

In related news, SVP John F. Marcolini sold 322 shares of the company's stock in a transaction that occurred 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 transaction, the senior vice president owned 24,689 shares of the company's stock, valued at approximately $2,083,010.93. This represents a 1.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 firm'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 sale, the senior vice president 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. 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 90 days, insiders have sold 2,035 shares of company stock worth $171,731. 1.77% of the stock is owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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