Pacer Advisors Inc. Makes New $12.86 Million Investment in Itron, Inc. $ITRI

Pacer Advisors Inc. acquired a new stake in Itron, Inc. (NASDAQ:ITRI) in the fourth quarter, Holdings Channel reports. The fund acquired 138,533 shares of the scientific and technical instruments company’s stock, valued at approximately $12,864,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Itron by 2.3% during the third quarter. Vanguard Group Inc. now owns 5,875,153 shares of the scientific and technical instruments company’s stock worth $731,809,000 after purchasing an additional 132,329 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Itron by 18.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,271,042 shares of the scientific and technical instruments company’s stock valued at $118,034,000 after buying an additional 194,768 shares during the period. Geode Capital Management LLC grew its position in Itron by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 1,144,982 shares of the scientific and technical instruments company’s stock worth $106,340,000 after buying an additional 6,598 shares in the last quarter. Handelsbanken Fonder AB grew its position in Itron by 6.0% during the third quarter. Handelsbanken Fonder AB now owns 999,882 shares of the scientific and technical instruments company’s stock worth $124,545,000 after buying an additional 56,318 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in Itron by 4.1% during the 4th quarter. First Trust Advisors LP now owns 793,175 shares of the scientific and technical instruments company’s stock worth $73,654,000 after acquiring an additional 31,088 shares during the period. Institutional investors and hedge funds own 96.19% of the company’s stock.

Insider Activity

In other news, CFO Joan S. Hooper sold 442 shares of Itron stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total value of $37,291.54. Following the transaction, the chief financial officer owned 117,478 shares in the company, valued at approximately $9,911,618.86. This trade represents a 0.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total value of $26,914.03. Following the transaction, the senior vice president directly owned 29,100 shares of the company’s stock, valued at $2,455,167. This trade represents a 1.08% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 3,946 shares of company stock worth $324,420. Insiders own 1.77% of the company’s stock.

Itron Stock Performance

NASDAQ ITRI opened at $80.81 on Friday. The firm’s 50 day simple moving average is $85.04 and its 200 day simple moving average is $91.94. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of 12.89, a P/E/G ratio of 0.71 and a beta of 1.33. The company has a current ratio of 2.66, a quick ratio of 2.24 and a debt-to-equity ratio of 0.97. Itron, Inc. has a 1 year low of $77.77 and a 1 year high of $142.00.

Itron (NASDAQ:ITRI) last announced its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $572.04 million. During the same period in the previous year, the business earned $1.52 earnings per share. 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. As a group, research analysts expect that Itron, Inc. will post 6.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on ITRI. Needham & Company LLC started coverage on Itron in a report on Friday, March 6th. They issued a “buy” rating and a $124.00 price objective for the company. Stephens reissued an “overweight” rating and set a $130.00 target price on shares of Itron in a report on Wednesday, May 20th. TD Cowen decreased their price target on Itron from $145.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Zacks Research raised Itron from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Finally, Oppenheimer upped their price objective on shares of Itron from $133.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Itron presently has a consensus rating of “Moderate Buy” and an average price target of $131.22.

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.