EFG International AG Acquires New Shares in Itron, Inc. $ITRI

EFG International AG acquired a new position in shares of Itron, Inc. (NASDAQ:ITRI) during the second quarter, Holdings Channel.com reports. The fund acquired 8,721 shares of the scientific and technical instruments company’s stock, valued at approximately $755,000.

Other large investors have also added to or reduced their stakes in the company. Employees Retirement System of Texas purchased a new position in Itron during the 3rd quarter valued at about $32,000. Quantbot Technologies LP purchased a new stake in shares of Itron in the second quarter worth about $36,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Itron by 29.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the scientific and technical instruments company’s stock worth $41,000 after buying an additional 101 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Itron in the third quarter valued at approximately $49,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Itron by 25.3% in the second quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock valued at $53,000 after acquiring an additional 81 shares during the period. Institutional investors own 96.19% of the company’s stock.

Analyst Upgrades and Downgrades

ITRI has been the subject of several recent analyst reports. Stephens reaffirmed an “overweight” rating and set a $130.00 price objective on shares of Itron in a research note on Wednesday, May 20th. Seaport Research Partners reissued a “buy” rating and issued a $150.00 price target on shares of Itron in a report on Wednesday, July 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Itron in a report on Wednesday, August 5th. Robert W. Baird set a $125.00 price target on shares of Itron in a research report on Wednesday, July 29th. Finally, Needham & Company LLC upped their price target on shares of Itron from $116.00 to $128.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Itron currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.33.

Insider Buying and Selling at Itron

In other news, SVP Donald L. Reeves III sold 283 shares of the company’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $99.99, for a total value of $28,297.17. Following the completion of the transaction, the senior vice president directly owned 27,662 shares in the company, valued at approximately $2,765,923.38. This represents a 1.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP John F. Marcolini sold 331 shares of the 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 owned 12,683 shares in the company, valued at $1,252,953.57. This trade represents a 2.54% 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. Insiders have sold 7,693 shares of company stock worth $759,475 over the last 90 days. Corporate insiders own 1.77% of the company’s stock.

Itron Price Performance

Shares of NASDAQ:ITRI opened at $99.27 on Friday. The company’s fifty day moving average price is $91.99 and its 200-day moving average price is $90.03. 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 firm has a market capitalization of $4.35 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 1.19 and a beta of 1.30. Itron, Inc. has a one year low of $77.77 and a one year high of $142.00.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.30. Itron had a net margin of 11.90% and a return on equity of 19.26%. The company had revenue of $562.90 million during the quarter, compared to the consensus estimate of $566.34 million. During the same period in the previous year, the firm posted $1.62 EPS. The firm’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 research analysts anticipate that Itron, Inc. will post 6.41 earnings per share for the current fiscal year.

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.