CI Investments Inc. Takes $8.24 Million Position in Itron, Inc. $ITRI

CI Investments Inc. bought a new stake in Itron, Inc. (NASDAQ:ITRI) during the first quarter, Holdings Channel reports. The institutional investor bought 91,942 shares of the scientific and technical instruments company’s stock, valued at approximately $8,241,000.

A number of other hedge funds have also made changes to their positions in the stock. Private Trust Co. NA lifted its holdings in shares of Itron by 112.4% during the 4th quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company’s stock valued at $25,000 after buying an additional 145 shares during the last quarter. Employees Retirement System of Texas acquired a new position in Itron in the third quarter worth approximately $32,000. Northwestern Mutual Wealth Management Co. increased its holdings in Itron by 29.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the scientific and technical instruments company’s stock worth $41,000 after buying an additional 101 shares during the last quarter. Advisory Services Network LLC bought a new position in Itron during the third quarter valued at approximately $49,000. Finally, EverSource Wealth Advisors LLC raised its position in Itron by 25.3% during the second 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 in the last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Donald L. Reeves III sold 319 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 $26,914.03. Following the transaction, the senior vice president 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 Itron stock in a transaction 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 sale, the chief financial officer directly 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 ownership of the stock. 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. In the last ninety days, insiders sold 3,946 shares of company stock valued at $324,420. Company insiders own 1.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ITRI shares. Zacks Research cut Itron from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. Roth Capital reissued a “buy” rating and set a $136.00 price objective on shares of Itron in a report on Wednesday, April 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Itron in a research note on Friday, May 8th. TD Cowen decreased their target price on Itron from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Finally, Oppenheimer lifted their price target on shares of Itron from $133.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Eight equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $131.22.

Itron Stock Performance

ITRI opened at $83.93 on Friday. The stock has a market cap of $3.72 billion, a PE ratio of 13.39, a P/E/G ratio of 0.73 and a beta of 1.32. The company has a current ratio of 2.66, a quick ratio of 2.24 and a debt-to-equity ratio of 0.97. Itron, Inc. has a 1 year low of $77.77 and a 1 year high of $142.00. The stock’s 50 day simple moving average is $82.86 and its 200-day simple moving average is $89.91.

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 the consensus estimate of $1.26 by $0.23. The firm had revenue of $586.98 million during 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 company’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.52 earnings per share. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. Sell-side analysts forecast that Itron, Inc. will post 6.01 EPS for the current 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.