Oppenheimer & Co. Inc. Sells 9,049 Shares of Itron, Inc. $ITRI

Oppenheimer & Co. Inc. cut its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 37.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 15,167 shares of the scientific and technical instruments company’s stock after selling 9,049 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Itron were worth $1,408,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Impax Asset Management Group plc lifted its stake in Itron by 127.3% in the third quarter. Impax Asset Management Group plc now owns 1,588,950 shares of the scientific and technical instruments company’s stock worth $197,153,000 after acquiring an additional 890,040 shares during the period. Merewether Investment Management LP increased its position in Itron by 1,552.7% during the 2nd quarter. Merewether Investment Management LP now owns 300,787 shares of the scientific and technical instruments company’s stock valued at $39,593,000 after purchasing an additional 282,587 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Itron by 42.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 604,580 shares of the scientific and technical instruments company’s stock worth $75,306,000 after purchasing an additional 180,366 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Itron by 1,925.5% in the 3rd quarter. Marshall Wace LLP now owns 186,873 shares of the scientific and technical instruments company’s stock worth $23,277,000 after purchasing an additional 177,647 shares during the period. Finally, Balyasny Asset Management L.P. lifted its position in shares of Itron by 287.8% in the 3rd quarter. Balyasny Asset Management L.P. now owns 197,052 shares of the scientific and technical instruments company’s stock worth $24,545,000 after purchasing an additional 146,235 shares during the period. Institutional investors own 96.19% of the company’s stock.

Itron Price Performance

ITRI opened at $84.42 on Wednesday. The firm has a market cap of $3.74 billion, a PE ratio of 13.46, a P/E/G ratio of 0.74 and a beta of 1.35. The stock has a 50-day moving average price of $91.81 and a 200-day moving average price of $98.68. Itron, Inc. has a 1 year low of $78.53 and a 1 year high of $142.00. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.66 and a quick ratio of 2.24.

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. The company had revenue of $586.98 million for the quarter, compared to the consensus estimate of $572.04 million. Itron had a net margin of 12.31% and a return on equity of 19.54%. Itron’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.52 EPS. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. Sell-side analysts predict that Itron, Inc. will post 6.01 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Laurie Ann Pulatie-Hahn sold 729 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $100.17, for a total value of $73,023.93. Following the transaction, the senior vice president directly owned 32,950 shares of the company’s stock, valued at approximately $3,300,601.50. This represents a 2.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO David Marshall Wright sold 264 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $100.17, for a total value of $26,444.88. Following the sale, the chief accounting officer owned 9,124 shares in the company, valued at approximately $913,951.08. This represents a 2.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 51,180 shares of company stock valued at $5,085,475. Company insiders own 1.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Raymond James Financial began coverage on shares of Itron in a research report on Tuesday, April 21st. They set an “underperform” rating on the stock. Robert W. Baird set a $128.00 price objective on Itron and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Needham & Company LLC started coverage on Itron in a report on Friday, March 6th. They set a “buy” rating and a $124.00 target price on the stock. Wall Street Zen lowered Itron from a “buy” rating to a “hold” rating in a research report on Wednesday, January 14th. Finally, Roth Mkm restated a “buy” rating and issued a $136.00 target price on shares of Itron in a research note on Wednesday, April 29th. Eight analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.