Caxton Associates LLP Makes New Investment in Itron, Inc. $ITRI

Caxton Associates LLP purchased a new position in shares of Itron, Inc. (NASDAQ:ITRI) during the 1st quarter, HoldingsChannel reports. The firm purchased 24,674 shares of the scientific and technical instruments company’s stock, valued at approximately $2,212,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Northwestern Mutual Wealth Management Co. boosted its holdings in Itron by 343.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 346 shares of the scientific and technical instruments company’s stock worth $46,000 after purchasing an additional 268 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Itron by 10.0% during the 2nd quarter. M&T Bank Corp now owns 2,141 shares of the scientific and technical instruments company’s stock worth $282,000 after acquiring an additional 194 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Itron by 25.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock valued at $53,000 after acquiring an additional 81 shares during the last quarter. Jump Financial LLC acquired a new position in Itron during the second quarter valued at approximately $1,609,000. Finally, Cerity Partners LLC grew its stake in Itron by 10.2% in the 2nd quarter. Cerity Partners LLC now owns 5,431 shares of the scientific and technical instruments company’s stock valued at $715,000 after buying an additional 503 shares during the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.

Itron Price Performance

Shares of ITRI stock opened at $84.22 on Friday. Itron, Inc. has a one year low of $77.77 and a one 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. The stock’s fifty day simple moving average is $82.96 and its 200 day simple moving average is $89.87. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 13.43, a P/E/G ratio of 0.74 and a beta of 1.32.

Itron (NASDAQ:ITRI) last posted its earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.23. The business 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 firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.52 EPS. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. On average, analysts expect that Itron, Inc. will post 6.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Joan S. Hooper sold 442 shares of Itron stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total value of $37,291.54. Following the completion of the transaction, the chief financial officer owned 117,478 shares in the company, valued at approximately $9,911,618.86. The trade was a 0.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total value of $27,167.14. Following the completion of the transaction, the senior vice president directly owned 24,689 shares in the company, valued at $2,083,010.93. The trade was a 1.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 3,946 shares of company stock valued at $324,420. 1.77% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ITRI has been the topic of several recent analyst reports. Roth Capital reiterated a “buy” rating and issued a $136.00 target price on shares of Itron in a report on Wednesday, April 29th. JPMorgan Chase & Co. reduced their price objective on Itron from $133.00 to $113.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. TD Cowen lowered their price objective on shares of Itron from $145.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Stephens reaffirmed an “overweight” rating and set a $130.00 target price on shares of Itron in a research report on Wednesday, May 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Itron in a research note on Friday, May 8th. Eight investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Itron has an average rating of “Hold” and a consensus 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.