Itron (NASDAQ:ITRI) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Itron (NASDAQ:ITRI) from a strong sell rating to a hold rating in a research report released on Thursday,Zacks.com reports.

ITRI has been the topic of a number of other reports. Weiss Ratings lowered shares of Itron from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Oppenheimer upped their price target on shares of Itron from $125.00 to $133.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Robert W. Baird set a $128.00 price objective on Itron and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Stephens upgraded Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 target price on the stock in a research report on Monday, November 3rd. Finally, Wall Street Zen cut Itron from a “buy” rating to a “hold” rating in a research note on Wednesday, January 14th. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $138.56.

Itron Trading Down 2.2%

NASDAQ:ITRI traded down $2.13 during trading hours on Thursday, hitting $93.95. 959,692 shares of the company were exchanged, compared to its average volume of 1,361,386. The stock has a market capitalization of $4.22 billion, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 0.84 and a beta of 1.48. Itron has a one year low of $88.57 and a one year high of $142.00. The company has a fifty day simple moving average of $97.80 and a 200 day simple moving average of $109.14. The company has a current ratio of 1.80, a quick ratio of 1.56 and a debt-to-equity ratio of 0.45.

Itron (NASDAQ:ITRI) last issued its quarterly earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.27. The company had revenue of $571.66 million during the quarter, compared to analysts’ expectations of $561.31 million. Itron had a return on equity of 20.04% and a net margin of 12.72%.The business’s quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.35 earnings per share. Itron has set its Q1 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 5.750-6.250 EPS. Sell-side analysts expect that Itron will post 5.33 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Donald L. Reeves III sold 5,419 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $99.54, for a total transaction of $539,407.26. Following the completion of the sale, the senior vice president directly owned 33,140 shares of the company’s stock, valued at $3,298,755.60. The trade was a 14.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Joan S. Hooper sold 15,293 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $99.54, for a total transaction of $1,522,265.22. Following the completion of the sale, the chief financial officer owned 124,196 shares in the company, valued at $12,362,469.84. This represents a 10.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 47,647 shares of company stock worth $4,746,590 over the last quarter. Corporate insiders own 1.45% of the company’s stock.

Institutional Trading of Itron

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. bought a new stake in Itron during the fourth quarter worth $12,864,000. Mercer Global Advisors Inc. ADV boosted its holdings in Itron by 18.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,787 shares of the scientific and technical instruments company’s stock worth $259,000 after acquiring an additional 441 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Itron in the 4th quarter worth $1,032,000. Voloridge Investment Management LLC raised its holdings in shares of Itron by 164.1% in the fourth quarter. Voloridge Investment Management LLC now owns 197,536 shares of the scientific and technical instruments company’s stock valued at $18,343,000 after purchasing an additional 122,733 shares during the last quarter. Finally, Symmetry Investments LP bought a new position in shares of Itron during the fourth quarter valued at about $3,334,000. 96.19% of the stock is owned by institutional investors.

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.