Peregrine Capital Management LLC Purchases 16,742 Shares of Itron, Inc. $ITRI

Peregrine Capital Management LLC raised its position in Itron, Inc. (NASDAQ:ITRI) by 19.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,474 shares of the scientific and technical instruments company’s stock after buying an additional 16,742 shares during the quarter. Peregrine Capital Management LLC’s holdings in Itron were worth $9,609,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ITRI. Graphene Investments SAS lifted its holdings in shares of Itron by 13.1% during the fourth quarter. Graphene Investments SAS now owns 29,400 shares of the scientific and technical instruments company’s stock worth $2,730,000 after buying an additional 3,400 shares in the last quarter. Private Trust Co. NA grew its stake in shares of Itron by 112.4% in the fourth quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company’s stock valued at $25,000 after acquiring an additional 145 shares in the last quarter. PFG Investments LLC raised its stake in Itron by 14.6% in the 4th quarter. PFG Investments LLC now owns 2,359 shares of the scientific and technical instruments company’s stock worth $219,000 after purchasing an additional 300 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in Itron by 1.3% in the 4th quarter. State of Alaska Department of Revenue now owns 23,296 shares of the scientific and technical instruments company’s stock valued at $2,163,000 after purchasing an additional 291 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new stake in shares of Itron in the fourth quarter valued at approximately $12,948,000. Institutional investors own 96.19% of the company’s stock.

Itron Stock Performance

Itron stock traded down $1.36 during mid-day trading on Thursday, reaching $88.33. 35,096 shares of the company’s stock were exchanged, compared to its average volume of 924,727. The business’s fifty day simple moving average is $93.16 and its 200 day simple moving average is $100.92. The company has a quick ratio of 1.56, a current ratio of 1.80 and a debt-to-equity ratio of 0.45. Itron, Inc. has a one year low of $83.51 and a one year high of $142.00. The firm has a market capitalization of $3.91 billion, a PE ratio of 13.57, a P/E/G ratio of 0.81 and a beta of 1.50.

Itron (NASDAQ:ITRI) last announced its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $2.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $0.27. Itron had a return on equity of 20.04% and a net margin of 12.72%.The firm had revenue of $571.66 million during the quarter, compared to the consensus estimate of $561.31 million. During the same quarter in the prior year, the company earned $1.35 EPS. The business’s revenue for the quarter was down 6.7% on a year-over-year basis. Itron has set its Q1 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 5.750-6.250 EPS. On average, sell-side analysts expect that Itron, Inc. will post 6.09 earnings per share for the current year.

Insiders Place Their Bets

In other Itron news, SVP Justin K. Patrick sold 4,930 shares of Itron stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $99.54, for a total transaction of $490,732.20. Following the completion of the transaction, the senior vice president owned 34,344 shares of the company’s stock, valued at $3,418,601.76. The trade was a 12.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Joan S. Hooper sold 15,293 shares of the 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 directly owned 124,196 shares in the company, valued at approximately $12,362,469.84. The trade was a 10.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 51,180 shares of company stock worth $5,085,475 over the last quarter. Insiders own 1.77% of the company’s stock.

Analyst Upgrades and Downgrades

ITRI has been the subject of a number of recent analyst reports. Needham & Company LLC assumed coverage on shares of Itron in a report on Friday, March 6th. They set a “buy” rating and a $124.00 price target for the company. Wall Street Zen downgraded Itron from a “buy” rating to a “hold” rating in a research report on Wednesday, January 14th. Johnson Rice upgraded shares of Itron from an “accumulate” rating to a “buy” rating and set a $130.00 price target on the stock in a report on Monday, January 5th. Guggenheim set a $155.00 price objective on Itron in a research note on Friday, February 13th. Finally, Weiss Ratings cut shares of Itron from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Eight equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Itron has a consensus rating of “Moderate Buy” and an average target price of $133.10.

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.