Vanguard Group Inc. Cuts Stock Holdings in Itron, Inc. $ITRI

Key Points

• Vanguard Group cut its Itron stake by 0.3% in Q4 (sold 14,992 shares) but still owns 5,860,161 shares — about a 12.80% stake valued at roughly $544.2 million.
• Company insiders have sold 51,180 shares worth $5.09M over the last 90 days (including two SVPs who reduced their positions by ~12–21%), leaving insiders with 1.77% ownership.
• Itron beat Q1 EPS estimates ($1.49 vs. $1.26) and revenue ($587M vs. $572M) despite a 3.3% y/y revenue decline; management guided Q2 EPS to $1.25–1.35 and analysts’ consensus is a "Moderate Buy" with an average target of $131.22 versus the current ~$84.22 share price.

Vanguard Group Inc. reduced its position in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 0.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,860,161 shares of the scientific and technical instruments company's stock after selling 14,992 shares during the period. Vanguard Group Inc. owned approximately 12.80% of Itron worth $544,175,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Peregrine Capital Management LLC raised its holdings in Itron by 19.3% during the fourth quarter. Peregrine Capital Management LLC now owns 103,474 shares of the scientific and technical instruments company's stock worth $9,609,000 after purchasing an additional 16,742 shares in the last quarter. Graphene Investments SAS raised its holdings in Itron by 13.1% during the fourth quarter. Graphene Investments SAS now owns 29,400 shares of the scientific and technical instruments company's stock worth $2,730,000 after purchasing an additional 3,400 shares in the last quarter. Private Trust Co. NA raised 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 purchasing an additional 145 shares in the last quarter. PFG Investments LLC raised its holdings in Itron by 14.6% during the fourth quarter. PFG Investments LLC now owns 2,359 shares of the scientific and technical instruments company's stock worth $219,000 after purchasing an additional 300 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in Itron by 1.3% during the fourth quarter. State of Alaska Department of Revenue now owns 23,296 shares of the scientific and technical instruments company's stock worth $2,163,000 after purchasing an additional 291 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 Christopher E. Ware sold 4,486 shares of the firm's stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $99.54, for a total transaction of $446,536.44. Following the completion of the transaction, the senior vice president directly owned 31,806 shares of the company's stock, valued at $3,165,969.24. This trade represents a 12.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP John F. Marcolini sold 6,948 shares of the firm's stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $99.54, for a total transaction of $691,603.92. Following the transaction, the senior vice president directly owned 26,912 shares of the company's stock, valued at approximately $2,678,820.48. This trade represents a 20.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 51,180 shares of company stock worth $5,085,475. 1.77% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on ITRI shares. Guggenheim set a $155.00 target price on shares of Itron in a report on Friday, February 13th. TD Cowen dropped their price objective on Itron from $145.00 to $130.00 and set a "buy" rating for the company in a research note on Wednesday, April 29th. Needham & Company LLC started coverage on Itron in a research note on Friday, March 6th. They issued a "buy" rating and a $124.00 price objective for the company. Robert W. Baird set a $128.00 target price on Itron and gave the stock an "outperform" rating in a research report on Wednesday, February 18th. Finally, Oppenheimer boosted their target price on Itron from $133.00 to $135.00 and gave the stock an "outperform" rating in a research report on Thursday, April 16th. Eight research 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $131.22.

Itron Stock Down 1.4%

ITRI stock opened at $84.22 on Tuesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.66 and a quick ratio of 2.24. The company's 50 day simple moving average is $92.12 and its 200-day simple moving average is $99.03. Itron, Inc. has a 12 month low of $78.53 and a 12 month high of $142.00. The firm has a market capitalization of $3.73 billion, a PE ratio of 13.43, a P/E/G ratio of 0.75 and a beta of 1.36.

Itron (NASDAQ:ITRI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share for the quarter, topping 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 business had revenue of $586.98 million during the quarter, compared to analysts' expectations of $572.04 million. During the same period last year, the company posted $1.52 EPS. The company's revenue was down 3.3% on a year-over-year basis. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. Equities analysts expect that Itron, Inc. will post 6.01 earnings per share for the current fiscal year.

About Itron

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.

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