New Wave Wealth Advisors LLC Makes New Investment in Itron, Inc. $ITRI

New Wave Wealth Advisors LLC acquired a new stake in shares of Itron, Inc. (NASDAQ:ITRI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,107 shares of the scientific and technical instruments company’s stock, valued at approximately $702,000.

Several other institutional investors also recently modified their holdings of ITRI. Impact Partnership Wealth LLC lifted its holdings in shares of Itron by 4.7% in the 1st quarter. Impact Partnership Wealth LLC now owns 2,661 shares of the scientific and technical instruments company’s stock valued at $239,000 after buying an additional 119 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Itron by 37.9% in the third quarter. Farther Finance Advisors LLC now owns 640 shares of the scientific and technical instruments company’s stock worth $55,000 after buying an additional 176 shares during the last quarter. Two Sigma Securities LLC boosted its stake in shares of Itron by 5.2% in the second quarter. Two Sigma Securities LLC now owns 3,937 shares of the scientific and technical instruments company’s stock worth $341,000 after buying an additional 195 shares during the last quarter. Personal CFO Solutions LLC grew its holdings in Itron by 8.3% during the first quarter. Personal CFO Solutions LLC now owns 2,727 shares of the scientific and technical instruments company’s stock worth $244,000 after acquiring an additional 208 shares during the period. Finally, IFP Advisors Inc grew its holdings in Itron by 38.7% during the third quarter. IFP Advisors Inc now owns 803 shares of the scientific and technical instruments company’s stock worth $69,000 after acquiring an additional 224 shares during the period. 96.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Itron news, SVP Donald Reeves, III sold 329 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $98.79, for a total value of $32,501.91. Following the completion of the sale, the senior vice president directly owned 27,945 shares in the company, valued at $2,760,686.55. This represents a 1.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP John F. Marcolini sold 331 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $98.79, for a total value of $32,699.49. Following the completion of the sale, the senior vice president directly owned 12,683 shares of the company’s stock, valued at $1,252,953.57. This trade represents a 2.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 17,903 shares of company stock worth $1,753,521. 1.77% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Itron Price Performance

Shares of Itron stock traded down $1.59 on Monday, hitting $81.45. 139,418 shares of the company were exchanged, compared to its average volume of 816,271. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 13.60, a price-to-earnings-growth ratio of 1.00 and a beta of 1.32. The company has a 50-day moving average price of $93.27 and a 200 day moving average price of $89.18. Itron, Inc. has a 1-year low of $77.77 and a 1-year high of $142.00. The company has a quick ratio of 2.29, a current ratio of 2.75 and a debt-to-equity ratio of 0.96.

Itron (NASDAQ:ITRI) last posted its quarterly earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.29 by $0.30. Itron had a return on equity of 19.26% and a net margin of 11.90%. The firm had revenue of $562.90 million during the quarter, compared to analysts’ expectations of $566.34 million. During the same quarter last year, the firm earned $1.62 earnings per share. The business’s revenue for the quarter 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, sell-side analysts predict that Itron, Inc. will post 6.41 earnings per share for the current fiscal year.

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.