8,107 Shares in Itron, Inc. $ITRI Acquired by New Wave Wealth Advisors LLC

New Wave Wealth Advisors LLC purchased a new position in Itron, Inc. (NASDAQ:ITRI) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,107 shares of the scientific and technical instruments company’s stock, valued at approximately $702,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Jupiter Topco LLC bought a new stake in shares of Itron during the 2nd quarter valued at about $42,466,000. Legal & General Group Plc purchased a new stake in Itron in the second quarter worth about $29,108,000. Dimensional Fund Advisors LP boosted its position in Itron by 20.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,536,081 shares of the scientific and technical instruments company’s stock valued at $137,659,000 after acquiring an additional 265,039 shares in the last quarter. Hsbc Holdings PLC bought a new stake in Itron during the 2nd quarter valued at approximately $20,755,000. Finally, Bank of America Corp DE purchased a new position in shares of Itron during the 2nd quarter worth approximately $20,220,000. 96.19% of the stock is currently owned by institutional investors.

Itron Stock Down 1.9%

ITRI traded down $1.59 during midday trading on Monday, reaching $81.45. The company’s stock had a trading volume of 139,418 shares, compared to its average volume of 816,271. Itron, Inc. has a 1 year low of $77.77 and a 1 year high of $142.00. The stock’s 50-day moving average is $93.27 and its 200-day moving average is $89.18. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 1.00 and a beta of 1.32. The company has a current ratio of 2.75, a quick ratio of 2.29 and a debt-to-equity ratio of 0.96.

Itron (NASDAQ:ITRI) last released its earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.30. Itron had a net margin of 11.90% and a return on equity of 19.26%. The firm had revenue of $562.90 million during the quarter, compared to analyst estimates of $566.34 million. During the same period last year, the business earned $1.62 earnings per share. The business’s revenue was down 7.2% on a year-over-year basis. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. As a group, research analysts expect that Itron, Inc. will post 6.41 EPS for the current year.

Insider Buying and Selling

In other news, SVP Donald Reeves, III sold 283 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $99.99, for a total value of $28,297.17. Following the sale, the senior vice president directly owned 27,662 shares of the company’s stock, valued at approximately $2,765,923.38. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Joan Hooper sold 455 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $98.79, for a total transaction of $44,949.45. Following the completion of the transaction, the chief financial officer owned 118,440 shares in the company, valued at approximately $11,700,687.60. The trade was a 0.38% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 17,903 shares of company stock valued at $1,753,521. 1.77% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on ITRI. Needham & Company LLC lifted their price target on Itron from $116.00 to $128.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Zacks Research raised Itron from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 27th. Seaport Research Partners reiterated a “buy” rating and issued a $150.00 price objective on shares of Itron in a report on Wednesday, July 29th. Weiss Ratings upgraded Itron from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, October 12th. Finally, Robert W. Baird set a $125.00 price objective on Itron in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $131.33.

Itron Profile

Itron, Inc (NASDAQ: ITRI) provides technology and services that help utilities and cities manage electricity, natural gas, and water resources. Its solutions are designed to improve the measurement, collection, and analysis of usage data while supporting grid modernization, operational efficiency, and resource conservation.

The company’s offerings include smart meters, advanced metering infrastructure, communications networks, sensors, data-management software, and analytics platforms.