Osaic Holdings Inc. Grows Stake in Itron, Inc. $ITRI

Osaic Holdings Inc. increased its holdings in Itron, Inc. (NASDAQ:ITRI) by 60.0% during the second quarter, Holdings Channel reports. The firm owned 17,396 shares of the scientific and technical instruments company’s stock after acquiring an additional 6,524 shares during the quarter. Osaic Holdings Inc.’s holdings in Itron were worth $2,290,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Itron during the second quarter valued at approximately $30,000. Bessemer Group Inc. boosted its position in shares of Itron by 125.7% during the second quarter. Bessemer Group Inc. now owns 255 shares of the scientific and technical instruments company’s stock worth $34,000 after acquiring an additional 142 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Itron by 343.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 346 shares of the scientific and technical instruments company’s stock valued at $46,000 after acquiring an additional 268 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Itron by 25.3% in the 2nd 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 during the last quarter. Finally, REAP Financial Group LLC lifted its stake in Itron by 168.4% in the 2nd quarter. REAP Financial Group LLC now owns 424 shares of the scientific and technical instruments company’s stock worth $56,000 after purchasing an additional 266 shares in the last quarter. 96.19% of the stock is currently owned by institutional investors.

Insider Transactions at Itron

In related news, SVP Justin K. Patrick sold 379 shares of Itron stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $96.51, for a total transaction of $36,577.29. Following the completion of the transaction, the senior vice president directly owned 20,382 shares of the company’s stock, valued at approximately $1,967,066.82. The trade was a 1.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Joan S. Hooper sold 948 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $96.51, for a total transaction of $91,491.48. Following the transaction, the chief financial officer owned 87,446 shares in the company, valued at $8,439,413.46. The trade was a 1.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 2,971 shares of company stock worth $286,731. 1.45% of the stock is currently owned by insiders.

Itron Price Performance

NASDAQ:ITRI opened at $96.46 on Friday. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 0.47 and a beta of 1.52. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.17 and a quick ratio of 1.91. The business has a 50 day simple moving average of $104.52 and a 200-day simple moving average of $119.35. Itron, Inc. has a 1 year low of $90.11 and a 1 year high of $142.00.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ITRI. Wall Street Zen upgraded Itron from a “hold” rating to a “buy” rating in a research report on Sunday, December 21st. Stephens upgraded Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 price target for the company in a report on Monday, November 3rd. Argus reaffirmed a “hold” rating on shares of Itron in a report on Tuesday, November 4th. Baird R W downgraded Itron from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 31st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Itron in a research report on Monday, December 22nd. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $139.00.

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.