HITE Hedge Asset Management LLC Buys Shares of 92,298 Itron, Inc. $ITRI

HITE Hedge Asset Management LLC purchased a new position in Itron, Inc. (NASDAQ:ITRI) in the fourth quarter, Holdings Channel reports. The fund purchased 92,298 shares of the scientific and technical instruments company’s stock, valued at approximately $8,571,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ITRI. Northwestern Mutual Wealth Management Co. lifted its position in shares of 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 buying an additional 268 shares during the last quarter. M&T Bank Corp lifted its position in shares of Itron by 10.0% in the second quarter. M&T Bank Corp now owns 2,141 shares of the scientific and technical instruments company’s stock worth $282,000 after buying an additional 194 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Itron by 25.3% in the second quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock worth $53,000 after buying an additional 81 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Itron in the second quarter worth about $1,609,000. Finally, Cerity Partners LLC lifted its position in shares of Itron by 10.2% during the 2nd quarter. Cerity Partners LLC now owns 5,431 shares of the scientific and technical instruments company’s stock worth $715,000 after purchasing an additional 503 shares during the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.

Insider Buying and Selling at Itron

In other Itron news, SVP John F. Marcolini sold 322 shares of the company’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 owned 24,689 shares of the company’s stock, valued at $2,083,010.93. This represents a 1.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Donald L. Reeves III sold 319 shares of the company’s 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 $26,914.03. Following the completion of the transaction, the senior vice president directly owned 29,100 shares of the company’s stock, valued at approximately $2,455,167. This trade represents a 1.08% 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 sold a total of 3,946 shares of company stock valued at $324,420 in the last quarter. Corporate insiders own 1.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ITRI. Guggenheim set a $155.00 price objective on Itron in a research report on Friday, February 13th. Robert W. Baird set a $128.00 price objective on Itron and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. JPMorgan Chase & Co. cut 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. Needham & Company LLC began coverage on Itron in a research report on Friday, March 6th. They set a “buy” rating and a $124.00 price objective for the company. Finally, Raymond James Financial began coverage on Itron in a research report on Tuesday, April 21st. They set an “underperform” rating for the company. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $131.22.

Itron Price Performance

NASDAQ ITRI opened at $80.56 on Friday. Itron, Inc. has a twelve month low of $77.77 and a twelve month 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 stock has a market capitalization of $3.57 billion, a PE ratio of 12.85, a P/E/G ratio of 0.71 and a beta of 1.33. The stock has a 50-day simple moving average of $86.02 and a 200 day simple moving average of $92.55.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $572.04 million. Itron had a return on equity of 19.54% and a net margin of 12.31%.The firm’s revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.52 EPS. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. Research analysts anticipate that Itron, Inc. will post 6.01 EPS for the current year.

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.