Forge First Asset Management Inc. Raises Holdings in Itron, Inc. $ITRI

Forge First Asset Management Inc. boosted its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 159.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 53,625 shares of the scientific and technical instruments company’s stock after buying an additional 32,970 shares during the quarter. Itron makes up about 3.1% of Forge First Asset Management Inc.’s holdings, making the stock its 13th biggest holding. Forge First Asset Management Inc.’s holdings in Itron were worth $6,680,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Oppenheimer Asset Management Inc. acquired a new stake in shares of Itron during the 2nd quarter worth about $692,000. Nisa Investment Advisors LLC lifted its position in Itron by 20.0% in the second quarter. Nisa Investment Advisors LLC now owns 1,008 shares of the scientific and technical instruments company’s stock valued at $133,000 after buying an additional 168 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Itron by 43.6% during the second quarter. Envestnet Asset Management Inc. now owns 110,683 shares of the scientific and technical instruments company’s stock worth $14,569,000 after buying an additional 33,623 shares during the period. Bessemer Group Inc. increased 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 valued at $34,000 after acquiring an additional 142 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its stake in shares of Itron by 1.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 19,255 shares of the scientific and technical instruments company’s stock valued at $2,535,000 after acquiring an additional 350 shares during the period. Institutional investors and hedge funds own 96.19% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on ITRI. Weiss Ratings cut shares of Itron from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Wall Street Zen cut Itron from a “buy” rating to a “hold” rating in a research note on Wednesday, January 14th. Stephens raised Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 price objective for the company in a research note on Monday, November 3rd. Guggenheim set a $155.00 price objective on Itron in a report on Friday, February 13th. Finally, Johnson Rice raised Itron from an “accumulate” rating to a “buy” rating and set a $130.00 target price on the stock in a research note on Monday, January 5th. Seven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Itron currently has an average rating of “Moderate Buy” and a consensus price target of $138.56.

Insiders Place Their Bets

In other Itron news, SVP Christopher E. Ware sold 4,486 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $99.54, for a total value of $446,536.44. Following the sale, the senior vice president directly owned 31,806 shares of the company’s stock, valued at approximately $3,165,969.24. This represents a 12.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Justin K. Patrick sold 4,930 shares of Itron stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $99.54, for a total transaction of $490,732.20. Following the sale, the senior vice president directly owned 34,344 shares of the company’s stock, valued at approximately $3,418,601.76. This trade represents a 12.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 47,128 shares of company stock worth $4,695,811. Corporate insiders own 1.45% of the company’s stock.

Itron Stock Performance

NASDAQ:ITRI opened at $96.08 on Friday. Itron, Inc. has a 52 week low of $88.57 and a 52 week high of $142.00. The company has a fifty day simple moving average of $97.85 and a two-hundred day simple moving average of $109.35. The company has a quick ratio of 1.56, a current ratio of 1.80 and a debt-to-equity ratio of 0.45. The company has a market cap of $4.32 billion, a price-to-earnings ratio of 14.76, a price-to-earnings-growth ratio of 0.84 and a beta of 1.48.

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 firm had revenue of $571.66 million during the quarter, compared to analyst estimates of $561.31 million. During the same period last year, the business posted $1.35 earnings per share. Itron’s 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. As a group, equities analysts anticipate that Itron, Inc. will post 5.33 earnings per share for the current fiscal 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.