American Century Companies Inc. Has $52.28 Million Stock Position in Itron, Inc. $ITRI

American Century Companies Inc. lessened its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 20.5% in the third quarter, HoldingsChannel.com reports. The firm owned 419,711 shares of the scientific and technical instruments company’s stock after selling 108,136 shares during the period. American Century Companies Inc.’s holdings in Itron were worth $52,279,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of 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 worth $731,809,000 after purchasing an additional 132,329 shares during the last quarter. Impax Asset Management Group plc boosted its position in shares of Itron by 127.3% during the third quarter. Impax Asset Management Group plc now owns 1,588,950 shares of the scientific and technical instruments company’s stock valued at $197,153,000 after buying an additional 890,040 shares during the last quarter. Geode Capital Management LLC grew its holdings in Itron by 2.0% during the second quarter. Geode Capital Management LLC now owns 1,109,851 shares of the scientific and technical instruments company’s stock worth $146,107,000 after buying an additional 21,925 shares in the last quarter. Handelsbanken Fonder AB raised its position in Itron by 6.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 999,882 shares of the scientific and technical instruments company’s stock valued at $124,545,000 after buying an additional 56,318 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Itron by 2.6% during the 2nd quarter. First Trust Advisors LP now owns 757,719 shares of the scientific and technical instruments company’s stock valued at $99,739,000 after acquiring an additional 19,476 shares in the last quarter. 96.19% of the stock is owned by institutional investors.

Insider Transactions at Itron

In other Itron news, SVP Justin K. Patrick sold 4,930 shares of the company’s stock in a transaction dated 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 in the company, valued at $3,418,601.76. This represents a 12.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Donald L. Reeves III sold 5,419 shares of Itron 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 transaction, the senior vice president directly owned 33,140 shares in the company, valued at $3,298,755.60. This trade represents a 14.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 51,180 shares of company stock worth $5,085,475. Company insiders own 1.45% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Oppenheimer increased their price objective on shares of Itron from $125.00 to $133.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. 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. Johnson Rice raised Itron from an “accumulate” rating to a “buy” rating and set a $130.00 price target for the company in a research report on Monday, January 5th. Zacks Research raised Itron from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Finally, Wall Street Zen downgraded Itron from a “buy” rating to a “hold” rating in a research note on Wednesday, January 14th. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $138.56.

Itron Stock Down 1.2%

Itron stock opened at $91.22 on Friday. The firm has a 50 day simple moving average of $97.59 and a 200 day simple moving average of $108.21. 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, Inc. has a 1-year low of $88.57 and a 1-year high of $142.00. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 14.01, a P/E/G ratio of 0.80 and a beta of 1.44.

Itron (NASDAQ:ITRI) last posted its earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $2.46 earnings per share 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 during the quarter, compared to analyst estimates of $561.31 million. During the same quarter in the previous year, the firm earned $1.35 EPS. The company’s quarterly revenue was down 6.7% compared to the same quarter last year. 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, analysts predict that Itron, Inc. will post 5.33 earnings per share for the current year.

About Itron

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.