Arvin Capital Management LP Sells 101,229 Shares of Itron, Inc. $ITRI

Arvin Capital Management LP reduced its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 58.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,971 shares of the scientific and technical instruments company’s stock after selling 101,229 shares during the quarter. Itron accounts for 1.2% of Arvin Capital Management LP’s portfolio, making the stock its 22nd biggest holding. Arvin Capital Management LP’s holdings in Itron were worth $6,590,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Itron by 2.3% in the third quarter. Vanguard Group Inc. now owns 5,875,153 shares of the scientific and technical instruments company’s stock valued at $731,809,000 after acquiring an additional 132,329 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Itron by 18.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,271,042 shares of the scientific and technical instruments company’s stock valued at $118,034,000 after acquiring an additional 194,768 shares during the period. Geode Capital Management LLC lifted its holdings in Itron by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 1,144,982 shares of the scientific and technical instruments company’s stock valued at $106,340,000 after acquiring an additional 6,598 shares during the period. Handelsbanken Fonder AB lifted its holdings in Itron by 6.0% in the third quarter. Handelsbanken Fonder AB now owns 999,882 shares of the scientific and technical instruments company’s stock valued at $124,545,000 after acquiring an additional 56,318 shares during the period. Finally, First Trust Advisors LP lifted its holdings in Itron by 4.1% in the fourth quarter. First Trust Advisors LP now owns 793,175 shares of the scientific and technical instruments company’s stock valued at $73,654,000 after acquiring an additional 31,088 shares during the period. Institutional investors own 96.19% of the company’s stock.

Itron Stock Performance

Shares of ITRI opened at $80.56 on Friday. The company has a quick ratio of 2.24, a current ratio of 2.66 and a debt-to-equity ratio of 0.97. The business has a 50-day simple moving average of $86.02 and a two-hundred day simple moving average of $92.55. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 0.71 and a beta of 1.33. Itron, Inc. has a 52 week low of $77.77 and a 52 week high of $142.00.

Itron (NASDAQ:ITRI) last issued its quarterly earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates 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 business’s quarterly revenue was down 3.3% on a year-over-year basis. 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. On average, analysts expect that Itron, Inc. will post 6.01 EPS for the current year.

Insiders Place Their Bets

In other Itron news, SVP John F. Marcolini sold 322 shares of the company’s stock in a transaction dated 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 sale, the senior vice president owned 24,689 shares in the company, valued at $2,083,010.93. This represents a 1.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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 dated Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total value of $26,914.03. Following the completion of the sale, the senior vice president owned 29,100 shares of the company’s stock, valued at approximately $2,455,167. The trade was a 1.08% 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. Insiders sold a total of 3,946 shares of company stock worth $324,420 over the last quarter. 1.77% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on ITRI. Roth Mkm reissued a “buy” rating and issued a $136.00 target price on shares of Itron in a report on Wednesday, April 29th. Robert W. Baird set a $128.00 target price on Itron and gave the company an “outperform” rating in a report on Wednesday, February 18th. Raymond James Financial began coverage on Itron in a report on Tuesday, April 21st. They issued an “underperform” rating on the stock. Stephens reissued an “overweight” rating and issued a $130.00 target price on shares of Itron in a report on Wednesday, May 20th. Finally, Oppenheimer increased their target price on Itron from $133.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” 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.