Itron, Inc. $ITRI Stock Sold by Vontobel Holding Ltd.

Key Points

• Vontobel Holding reduced its Itron stake by 23.1% in the third quarter, selling 12,538 shares and retaining 41,701 shares worth approximately $3.6 million. Institutional investors collectively own 96.19% of Itron.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $131.33. Recent targets range from $125 to $150.
• Itron’s latest quarterly earnings beat expectations, reporting $1.59 EPS versus $1.29 expected, although revenue declined 7.2% year over year. Shares opened at $83.04, near the lower end of their 52-week range of $77.77 to $142.00.

Vontobel Holding Ltd. lowered its stake in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 23.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,701 shares of the scientific and technical instruments company's stock after selling 12,538 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.10% of Itron worth $3,600,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ITRI. Assenagon Asset Management S.A. grew its position in shares of Itron by 160.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 336,710 shares of the scientific and technical instruments company's stock worth $29,136,000 after buying an additional 207,416 shares during the period. Readystate Asset Management LP bought a new stake in Itron in the second quarter valued at about $1,809,000. Arrowstreet Capital Limited Partnership lifted its stake in Itron by 12.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 673,420 shares of the scientific and technical instruments company's stock valued at $60,359,000 after buying an additional 73,020 shares during the period. WCM Investment Management LLC grew its position in shares of Itron by 49.5% during the 1st quarter. WCM Investment Management LLC now owns 87,175 shares of the scientific and technical instruments company's stock worth $7,312,000 after buying an additional 28,857 shares during the period. Finally, Pacer Advisors Inc. bought a new stake in shares of Itron in the 4th quarter valued at about $12,864,000. Institutional investors own 96.19% of the company's stock.

Wall Street Analyst Weigh In

ITRI has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Itron from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, October 12th. Robert W. Baird set a $125.00 price target on shares of Itron in a research note on Wednesday, July 29th. Needham & Company LLC increased their target price on Itron from $116.00 to $128.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Zacks Research upgraded Itron from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 27th. Finally, Seaport Research Partners reaffirmed a "buy" rating and set a $150.00 price target on shares of Itron in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.33.

Insider Buying and Selling at Itron

In other Itron news, SVP John Marcolini sold 331 shares of the firm's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $98.79, for a total value of $32,699.49. Following the transaction, the senior vice president directly owned 12,683 shares of the company's stock, valued at $1,252,953.57. This trade represents a 2.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Justin K. Patrick sold 10,210 shares of the business's stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $97.36, for a total transaction of $994,045.60. Following the completion of the transaction, the senior vice president owned 22,065 shares of the company's stock, valued at $2,148,248.40. The trade was a 31.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 17,903 shares of company stock valued at $1,753,521 over the last ninety days. Company insiders own 1.77% of the company's stock.

Itron Price Performance

Shares of ITRI opened at $83.04 on Monday. The firm has a market capitalization of $3.64 billion, a PE ratio of 13.86, a PEG ratio of 1.00 and a beta of 1.32. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.75 and a quick ratio of 2.29. The company's 50-day moving average is $93.27 and its 200-day moving average is $89.18. Itron, Inc. has a fifty-two week low of $77.77 and a fifty-two week high of $142.00.

Itron (NASDAQ:ITRI - Get Free Report) last announced its 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. The company had revenue of $562.90 million for the quarter, compared to analyst estimates of $566.34 million. Itron had a return on equity of 19.26% and a net margin of 11.90%. The firm's quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.62 earnings per share. 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 6.41 EPS for the current year.

About Itron

Itron, Inc NASDAQ: ITRI provides technology and services that help utilities and cities manage electricity, natural gas, and water resources. Its solutions are designed to improve the measurement, collection, and analysis of usage data while supporting grid modernization, operational efficiency, and resource conservation.

The company's offerings include smart meters, advanced metering infrastructure, communications networks, sensors, data-management software, and analytics platforms.

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