Systematic Financial Management LP Has $17.40 Million Stake in Itron, Inc. $ITRI

Systematic Financial Management LP grew its holdings in Itron, Inc. (NASDAQ:ITRI) by 75.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 194,099 shares of the scientific and technical instruments company’s stock after acquiring an additional 83,301 shares during the quarter. Systematic Financial Management LP’s holdings in Itron were worth $17,397,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ITRI. Capital World Investors bought a new position in Itron during the fourth quarter worth about $10,460,000. Peregrine Capital Management LLC grew its position in shares of Itron by 19.3% during the 4th quarter. Peregrine Capital Management LLC now owns 103,474 shares of the scientific and technical instruments company’s stock worth $9,609,000 after buying an additional 16,742 shares during the period. DNB Asset Management AS bought a new stake in shares of Itron in the 4th quarter valued at about $12,191,000. WINTON GROUP Ltd acquired a new stake in shares of Itron in the 4th quarter valued at approximately $5,795,000. Finally, Tema Etfs LLC boosted its stake in Itron by 88.6% during the 4th quarter. Tema Etfs LLC now owns 96,566 shares of the scientific and technical instruments company’s stock worth $8,967,000 after acquiring an additional 45,360 shares during the last quarter. Institutional investors own 96.19% of the company’s stock.

Insider Buying and Selling

In other Itron news, SVP John F. Marcolini sold 322 shares of the 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 completion of the transaction, the senior vice president owned 24,689 shares in the company, valued at approximately $2,083,010.93. This represents a 1.29% decrease in their position. 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, CFO Joan S. Hooper sold 442 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total value of $37,291.54. Following the transaction, the chief financial officer owned 117,478 shares of the company’s stock, valued at approximately $9,911,618.86. This trade represents a 0.37% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 3,946 shares of company stock worth $324,420 over the last ninety days. Company insiders own 1.77% of the company’s stock.

Itron Price Performance

NASDAQ ITRI opened at $83.93 on Friday. 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 stock has a market cap of $3.72 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 0.73 and a beta of 1.32. The business has a 50 day simple moving average of $82.86 and a 200 day simple moving average of $89.91. Itron, Inc. has a 52-week low of $77.77 and a 52-week high of $142.00.

Itron (NASDAQ:ITRI) last announced its quarterly earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.23. The firm had revenue of $586.98 million for the quarter, compared to analyst estimates of $572.04 million. Itron had a net margin of 12.31% and a return on equity of 19.54%. The business’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.52 earnings per share. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. Analysts anticipate that Itron, Inc. will post 6.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Itron in a report on Friday, May 8th. Stephens reissued an “overweight” rating and issued a $130.00 price target on shares of Itron in a report on Wednesday, May 20th. Roth Capital restated a “buy” rating and issued a $136.00 price objective on shares of Itron in a research report on Wednesday, April 29th. Zacks Research downgraded Itron from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. Finally, JPMorgan Chase & Co. reduced their target price on Itron from $133.00 to $113.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Eight research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $131.22.

About Itron

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.