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

Arvin Capital Management LP boosted its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 172.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 172,200 shares of the scientific and technical instruments company’s stock after purchasing an additional 108,909 shares during the period. Itron accounts for approximately 3.9% of Arvin Capital Management LP’s portfolio, making the stock its 12th biggest position. Arvin Capital Management LP’s holdings in Itron were worth $21,449,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Level Four Advisory Services LLC raised its position in shares of Itron by 48.4% during the third quarter. Level Four Advisory Services LLC now owns 14,925 shares of the scientific and technical instruments company’s stock worth $1,859,000 after purchasing an additional 4,867 shares during the period. Segall Bryant & Hamill LLC grew its position in shares of Itron by 2.5% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 85,092 shares of the scientific and technical instruments company’s stock valued at $10,599,000 after purchasing an additional 2,092 shares during the period. Elo Mutual Pension Insurance Co bought a new stake in Itron during the 3rd quarter worth approximately $1,672,000. Aster Capital Management DIFC Ltd acquired a new stake in Itron during the 3rd quarter worth approximately $44,000. Finally, Handelsbanken Fonder AB raised its holdings in Itron by 6.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 999,882 shares of the scientific and technical instruments company’s stock worth $124,545,000 after buying an additional 56,318 shares during the period. 96.19% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Itron

In other news, SVP Donald L. Reeves III sold 5,419 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $99.54, for a total value of $539,407.26. Following the completion of the sale, the senior vice president owned 33,140 shares of the company’s stock, valued at approximately $3,298,755.60. This represents a 14.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP John F. Marcolini sold 6,948 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $99.54, for a total transaction of $691,603.92. Following the completion of the transaction, the senior vice president directly owned 26,912 shares of the company’s stock, valued at $2,678,820.48. This represents a 20.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 51,180 shares of company stock valued at $5,085,475. 1.51% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ITRI shares. Robert W. Baird set a $128.00 price target on shares of Itron and gave the company an “outperform” rating in a report on Wednesday, February 18th. Weiss Ratings cut shares of Itron from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Johnson Rice raised shares of Itron from an “accumulate” rating to a “buy” rating and set a $130.00 target price for the company in a research note on Monday, January 5th. Zacks Research upgraded Itron from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Finally, Oppenheimer lifted their price target on Itron from $125.00 to $133.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.56.

Itron Trading Down 1.3%

Itron stock opened at $93.94 on Wednesday. The firm has a 50-day moving average of $97.76 and a 200-day moving average of $108.45. Itron, Inc. has a one year low of $88.57 and a one year high of $142.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.80 and a quick ratio of 1.56. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 14.43, a P/E/G ratio of 0.83 and a beta of 1.44.

Itron (NASDAQ:ITRI) last released its earnings results 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 return on equity of 20.04% and a net margin of 12.72%.The business had revenue of $571.66 million for the quarter, compared to the consensus estimate of $561.31 million. During the same quarter in the previous year, the business earned $1.35 earnings per share. Itron’s quarterly revenue 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. On average, equities analysts expect that Itron, Inc. will post 5.33 earnings per share for the current fiscal 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.