Raiffeisen Bank International AG Grows Stock Position in Itron, Inc. $ITRI

Raiffeisen Bank International AG boosted its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 6.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 244,000 shares of the scientific and technical instruments company’s stock after buying an additional 14,000 shares during the period. Raiffeisen Bank International AG’s holdings in Itron were worth $22,992,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Alps Advisors Inc. raised its holdings in Itron by 39.0% during the 4th quarter. Alps Advisors Inc. now owns 80,623 shares of the scientific and technical instruments company’s stock valued at $7,487,000 after buying an additional 22,626 shares during the period. Swiss National Bank raised its holdings in Itron by 2.0% during the 4th quarter. Swiss National Bank now owns 90,200 shares of the scientific and technical instruments company’s stock valued at $8,376,000 after buying an additional 1,800 shares during the period. Xponance LLC raised its holdings in Itron by 3.2% during the 4th quarter. Xponance LLC now owns 3,877 shares of the scientific and technical instruments company’s stock valued at $360,000 after buying an additional 120 shares during the period. Illinois Municipal Retirement Fund raised its holdings in Itron by 0.9% during the 4th quarter. Illinois Municipal Retirement Fund now owns 24,974 shares of the scientific and technical instruments company’s stock valued at $2,319,000 after buying an additional 231 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in Itron by 157.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 36,940 shares of the scientific and technical instruments company’s stock valued at $3,430,000 after buying an additional 22,585 shares during the period. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Insider Activity at Itron

In related news, SVP Donald L. Reeves III sold 319 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total transaction of $26,914.03. Following the sale, the senior vice president owned 29,100 shares of the company’s stock, valued at $2,455,167. This trade represents a 1.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total value of $37,291.54. Following the sale, the chief financial officer directly owned 117,478 shares in the company, valued at approximately $9,911,618.86. The trade was a 0.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 valued at $324,420 over the last quarter. 1.77% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on ITRI. Roth Mkm restated a “buy” rating and set a $136.00 price target on shares of Itron in a report on Wednesday, April 29th. Stephens reiterated an “overweight” rating and issued a $130.00 target price on shares of Itron in a research note on Wednesday, May 20th. Raymond James Financial initiated coverage on Itron in a research note on Tuesday, April 21st. They issued an “underperform” rating on the stock. 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 research note on Thursday, April 16th. Finally, Guggenheim set a $155.00 target price on Itron in a research note on Friday, February 13th. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $131.22.

Itron Price Performance

ITRI opened at $80.72 on Friday. Itron, Inc. has a 12-month low of $77.77 and a 12-month high of $142.00. The company has a current ratio of 2.66, a quick ratio of 2.24 and a debt-to-equity ratio of 0.97. The business’s fifty day simple moving average is $86.21 and its 200-day simple moving average is $92.63. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 0.70 and a beta of 1.33.

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

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.