Osaic Holdings Inc. Raises Holdings in Itron, Inc. $ITRI

Osaic Holdings Inc. grew its holdings in Itron, Inc. (NASDAQ:ITRI) by 60.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,396 shares of the scientific and technical instruments company’s stock after purchasing an additional 6,524 shares during the period. Osaic Holdings Inc.’s holdings in Itron were worth $2,290,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ITRI. Twin Peaks Wealth Advisors LLC bought a new stake in Itron in the 2nd quarter worth about $30,000. Bessemer Group Inc. boosted its holdings in shares of Itron by 125.7% during the 2nd quarter. Bessemer Group Inc. now owns 255 shares of the scientific and technical instruments company’s stock valued at $34,000 after acquiring an additional 142 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake 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 acquiring an additional 268 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of 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 purchasing an additional 81 shares during the last quarter. Finally, REAP Financial Group LLC lifted its position in Itron by 168.4% during the second quarter. REAP Financial Group LLC now owns 424 shares of the scientific and technical instruments company’s stock valued at $56,000 after purchasing an additional 266 shares during the period. 96.19% of the stock is owned by institutional investors.

Insider Activity at Itron

In other news, SVP John F. Marcolini sold 553 shares of the stock in a transaction on Monday, November 24th. The shares were sold at an average price of $96.51, for a total value of $53,370.03. Following the completion of the sale, the senior vice president directly owned 13,843 shares of the company’s stock, valued at $1,335,987.93. This represents a 3.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Donald L. Reeves III sold 536 shares of Itron stock in a transaction on Monday, November 24th. The shares were sold at an average price of $96.51, for a total transaction of $51,729.36. Following the transaction, the senior vice president owned 19,068 shares in the company, valued at approximately $1,840,252.68. This trade represents a 2.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 2,971 shares of company stock worth $286,731 in the last 90 days. Insiders own 1.45% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on ITRI. Wall Street Zen upgraded shares of Itron from a “hold” rating to a “buy” rating in a report on Sunday, December 21st. JPMorgan Chase & Co. raised their price target on Itron from $145.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. Argus reaffirmed a “hold” rating on shares of Itron in a report on Tuesday, November 4th. Stephens raised Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 target price on the stock in a report on Monday, November 3rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Itron in a research report on Monday, December 22nd. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Itron currently has an average rating of “Moderate Buy” and an average price target of $139.00.

Itron Price Performance

Shares of Itron stock opened at $96.46 on Friday. The stock has a market cap of $4.42 billion, a P/E ratio of 17.35, a P/E/G ratio of 0.47 and a beta of 1.52. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.91 and a current ratio of 2.17. The stock’s fifty day moving average is $104.52 and its 200 day moving average is $119.35. Itron, Inc. has a one year low of $90.11 and a one year high of $142.00.

Itron (NASDAQ:ITRI) last issued its quarterly earnings results on Thursday, October 30th. The scientific and technical instruments company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.06. Itron had a return on equity of 17.82% and a net margin of 10.69%.The business had revenue of $581.63 million during the quarter, compared to analysts’ expectations of $578.49 million. During the same quarter in the prior year, the business posted $1.84 earnings per share. The business’s quarterly revenue was down 5.5% on a year-over-year basis. Itron has set its FY 2025 guidance at 6.840-6.940 EPS and its Q4 2025 guidance at 2.150-2.250 EPS. Sell-side analysts anticipate that Itron, Inc. will post 5.33 earnings per share 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.