WCM Investment Management LLC Boosts Stock Position in Itron, Inc. $ITRI

WCM Investment Management LLC raised its holdings in Itron, Inc. (NASDAQ:ITRI) by 49.5% during the first quarter, Holdings Channel reports. The institutional investor owned 87,175 shares of the scientific and technical instruments company’s stock after buying an additional 28,857 shares during the period. WCM Investment Management LLC’s holdings in Itron were worth $7,312,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ITRI. Capital World Investors purchased a new position in shares of Itron in the 4th quarter valued at $10,460,000. Peregrine Capital Management LLC lifted its position in Itron by 19.3% in the fourth quarter. Peregrine Capital Management LLC now owns 103,474 shares of the scientific and technical instruments company’s stock valued at $9,609,000 after acquiring an additional 16,742 shares during the last quarter. DNB Asset Management AS purchased a new stake in Itron in the fourth quarter valued at $12,191,000. WINTON GROUP Ltd acquired a new position in Itron in the fourth quarter valued at $5,795,000. Finally, Tema Etfs LLC boosted its stake in Itron by 88.6% in the fourth quarter. Tema Etfs LLC now owns 96,566 shares of the scientific and technical instruments company’s stock valued at $8,967,000 after acquiring an additional 45,360 shares in the last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

Itron Trading Down 1.9%

Shares of Itron stock opened at $84.37 on Tuesday. Itron, Inc. has a 1 year low of $77.77 and a 1 year high of $142.00. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.24 and a current ratio of 2.66. The company has a market capitalization of $3.74 billion, a P/E ratio of 13.46, a PEG ratio of 0.75 and a beta of 1.32. The company’s fifty day moving average is $82.73 and its two-hundred day moving average is $90.11.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 EPS for the quarter, beating 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 company had revenue of $586.98 million for the quarter, compared to analyst estimates of $572.04 million. During the same period in the previous year, the business posted $1.52 earnings per share. Itron’s quarterly revenue was down 3.3% on a year-over-year basis. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. Analysts forecast that Itron, Inc. will post 6.01 earnings per share for the current year.

Insider Activity at Itron

In other Itron news, SVP Donald L. Reeves III sold 319 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total transaction of $26,914.03. Following the completion of the sale, the senior vice president directly owned 29,100 shares of the company’s stock, valued at approximately $2,455,167. This trade represents a 1.08% decrease in their position. The transaction was disclosed in a legal 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, CFO Joan S. Hooper sold 442 shares of Itron stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total value of $37,291.54. Following the completion of the transaction, the chief financial officer owned 117,478 shares in the company, valued at $9,911,618.86. This trade represents a 0.37% 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 3,946 shares of company stock worth $324,420 in the last quarter. Company insiders own 1.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ITRI. JPMorgan Chase & Co. cut their target price on Itron from $133.00 to $113.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Raymond James Financial assumed coverage on Itron in a research report on Tuesday, April 21st. They issued an “underperform” rating for the company. Weiss Ratings restated a “hold (c)” rating on shares of Itron in a research note on Friday, May 8th. Stephens reaffirmed an “overweight” rating and set a $130.00 price target on shares of Itron in a research report on Wednesday, May 20th. Finally, TD Cowen cut 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. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.22.

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.