Arvin Capital Management LP Has $21.45 Million Stake in Itron, Inc. $ITRI

Arvin Capital Management LP boosted its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 172.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,200 shares of the scientific and technical instruments company’s stock after acquiring an additional 108,909 shares during the quarter. Itron accounts for 3.9% of Arvin Capital Management LP’s portfolio, making the stock its 12th largest position. Arvin Capital Management LP owned about 0.38% of Itron worth $21,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Itron in the 2nd quarter worth about $30,000. Bessemer Group Inc. boosted its position in Itron by 125.7% in the second quarter. Bessemer Group Inc. now owns 255 shares of the scientific and technical instruments company’s stock valued at $34,000 after buying an additional 142 shares in the last quarter. Optiver Holding B.V. bought a new stake in Itron during the third quarter worth about $36,000. Salomon & Ludwin LLC bought a new stake in Itron during the third quarter worth about $42,000. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Itron during the third quarter worth approximately $44,000. 96.19% of the stock is owned by institutional investors.

Insider Activity at Itron

In related news, SVP Christopher E. Ware sold 4,486 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $99.54, for a total transaction of $446,536.44. Following the completion of the transaction, the senior vice president owned 31,806 shares in the company, valued at approximately $3,165,969.24. The trade was a 12.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Justin K. Patrick sold 4,930 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $99.54, for a total transaction of $490,732.20. Following the completion of the sale, the senior vice president directly owned 34,344 shares of the company’s stock, valued at $3,418,601.76. The trade was a 12.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 51,180 shares of company stock worth $5,085,475. 1.51% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Johnson Rice raised Itron from an “accumulate” rating to a “buy” rating and set a $130.00 target price on the stock in a report on Monday, January 5th. Zacks Research raised Itron from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Weiss Ratings cut Itron from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Robert W. Baird set a $128.00 target price on Itron and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Finally, Wall Street Zen cut Itron from a “buy” rating to a “hold” rating in a report on Wednesday, January 14th. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Itron currently has an average rating of “Moderate Buy” and an average target price of $138.56.

Itron Stock Performance

Shares of NASDAQ:ITRI opened at $93.94 on Wednesday. The business has a 50-day moving average price of $97.76 and a two-hundred day moving average price of $108.45. Itron, Inc. has a 1-year low of $88.57 and a 1-year high of $142.00. The stock has a market capitalization of $4.22 billion, a P/E ratio of 14.43, a P/E/G ratio of 0.83 and a beta of 1.44. The company has a current ratio of 1.80, a quick ratio of 1.56 and a debt-to-equity ratio of 0.45.

Itron (NASDAQ:ITRI) last announced its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $2.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $0.27. Itron had a net margin of 12.72% and a return on equity of 20.04%. The firm had revenue of $571.66 million for the quarter, compared to analysts’ expectations of $561.31 million. During the same period last year, the firm earned $1.35 earnings per share. The business’s revenue for the quarter was down 6.7% on a year-over-year basis. Itron has set its Q1 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 5.750-6.250 EPS. Equities analysts predict 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.