Pacer Advisors Inc. Acquires 28,593 Shares of Itron, Inc. $ITRI

Pacer Advisors Inc. boosted its holdings in Itron, Inc. (NASDAQ:ITRI) by 20.6% in the 1st quarter, HoldingsChannel reports. The firm owned 167,126 shares of the scientific and technical instruments company’s stock after purchasing an additional 28,593 shares during the quarter. Pacer Advisors Inc.’s holdings in Itron were worth $14,980,000 at the end of the most recent reporting period.

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

Insider Transactions at Itron

In other news, SVP Donald L. Reeves III sold 319 shares of the firm’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 transaction of $26,914.03. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 that occurred on Tuesday, May 26th. The stock was 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 directly owned 117,478 shares in the company, valued at approximately $9,911,618.86. This trade represents a 0.37% decrease in their position. 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 sold 3,946 shares of company stock worth $324,420. 1.77% of the stock is currently owned by insiders.

Itron Stock Performance

Shares of NASDAQ:ITRI opened at $106.29 on Wednesday. The company has a current ratio of 2.75, a quick ratio of 2.29 and a debt-to-equity ratio of 0.96. Itron, Inc. has a 12 month low of $77.77 and a 12 month high of $142.00. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 0.83 and a beta of 1.30. The firm’s 50-day moving average is $85.50 and its 200 day moving average is $89.90.

Itron (NASDAQ:ITRI) last released its earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.30. Itron had a return on equity of 19.26% and a net margin of 11.90%.The firm had revenue of $562.90 million for the quarter, compared to analysts’ expectations of $566.34 million. During the same quarter in the prior year, the firm posted $1.62 earnings per share. The company’s quarterly revenue was down 7.2% on a year-over-year basis. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. Research analysts predict that Itron, Inc. will post 6.43 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ITRI. Roth Capital reiterated a “buy” rating and set a $136.00 target price on shares of Itron in a research report on Wednesday, April 29th. Zacks Research upgraded shares of Itron from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. Oppenheimer boosted their target price on shares of Itron from $133.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Itron in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. reduced their price objective on Itron from $133.00 to $113.00 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $131.33.

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.