SG Americas Securities LLC Has $557,000 Holdings in Itron, Inc. $ITRI

SG Americas Securities LLC trimmed its position in shares of Itron, Inc. (NASDAQ:ITRIFree Report) by 82.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,209 shares of the scientific and technical instruments company’s stock after selling 29,201 shares during the quarter. SG Americas Securities LLC’s holdings in Itron were worth $557,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Norges Bank acquired a new stake in Itron in the 4th quarter valued at $63,990,000. Soros Fund Management LLC acquired a new position in Itron during the fourth quarter worth $34,843,000. Millennium Management LLC lifted its stake in shares of Itron by 269.3% in the fourth quarter. Millennium Management LLC now owns 506,867 shares of the scientific and technical instruments company’s stock valued at $47,068,000 after buying an additional 369,617 shares in the last quarter. Merewether Investment Management LP grew its holdings in shares of Itron by 1,552.7% during the second 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 buying an additional 282,587 shares during the last quarter. Finally, Schroder Investment Management Group grew its holdings in shares of Itron by 65.2% during the fourth quarter. Schroder Investment Management Group now owns 588,872 shares of the scientific and technical instruments company’s stock valued at $54,683,000 after buying an additional 232,341 shares during the last quarter. 96.19% of the stock is currently owned by institutional investors.

Itron Stock Down 2.7%

Itron stock opened at $84.44 on Wednesday. Itron, Inc. has a fifty-two week low of $77.77 and a fifty-two week 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 firm’s 50-day simple moving average is $82.56 and its 200 day simple moving average is $90.81. The stock has a market cap of $3.74 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 0.76 and a beta of 1.32.

Itron (NASDAQ:ITRIGet Free Report) last posted 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 firm had revenue of $586.98 million during the quarter, compared to analyst estimates of $572.04 million. During the same quarter last year, the business posted $1.52 EPS. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. Research analysts predict that Itron, Inc. will post 6.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ITRI. TD Cowen lowered their target price on shares of Itron from $145.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Oppenheimer lifted their price target on Itron from $133.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Itron in a report on Friday, May 8th. JPMorgan Chase & Co. lowered their price objective on Itron from $133.00 to $113.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Finally, Roth Capital restated a “buy” rating and issued a $136.00 target price on shares of Itron in a report on Wednesday, April 29th. Eight equities research 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.22.

Get Our Latest Research Report on Itron

Insider Activity at Itron

In other Itron news, 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 owned 29,100 shares of the company’s stock, valued at approximately $2,455,167. The trade was a 1.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP John F. Marcolini sold 322 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total transaction of $27,167.14. Following the sale, the senior vice president owned 24,689 shares of the company’s stock, valued at $2,083,010.93. This trade represents a 1.29% decrease in their position. 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. Over the last three months, insiders sold 3,946 shares of company stock valued at $324,420. 1.77% of the stock is owned by insiders.

Itron Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding ITRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Itron, Inc. (NASDAQ:ITRIFree Report).

Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

Receive News & Ratings for Itron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Itron and related companies with MarketBeat.com's FREE daily email newsletter.