American Century Companies Inc. Sells 108,136 Shares of Itron, Inc. $ITRI

Key Points

• American Century Companies Inc. sold 108,136 shares of Itron, reducing its stake by 20.5% to 419,711 shares (0.92% of the company) valued at about $52.28 million.
• Itron beat Q4 estimates with $2.46 EPS vs. $2.19 expected and $571.7M revenue, and issued guidance of Q1 2026 EPS 1.20–1.30 and FY2026 EPS 5.75–6.25 while the stock trades near $91 and institutional ownership is ~96.2%.
• Insiders have sold shares recently (51,180 shares over the last 90 days) and analysts are mixed but the consensus is a "Moderate Buy" with an average price target of $138.56.

American Century Companies Inc. cut its position in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 20.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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. owned 0.92% of Itron worth $52,279,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Itron by 2.3% during 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 buying an additional 132,329 shares during the last quarter. Impax Asset Management Group plc lifted its position in shares of Itron by 127.3% in 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 boosted its stake in shares of Itron by 2.0% during the 2nd 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 acquiring an additional 21,925 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of 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 acquiring an additional 56,318 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of 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 worth $99,739,000 after acquiring an additional 19,476 shares during the last quarter. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Itron Trading Down 1.2%

Shares of ITRI stock opened at $91.22 on Friday. Itron, Inc. has a fifty-two week low of $88.57 and a fifty-two week high of $142.00. The stock's fifty day moving average price is $97.59 and its two-hundred day moving average price is $108.21. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.56 and a current ratio of 1.80. The company has a market cap of $4.10 billion, a PE ratio of 14.01, a P/E/G ratio of 0.80 and a beta of 1.44.

Itron (NASDAQ:ITRI - Get Free Report) last posted its earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $2.46 earnings per share for the quarter, topping analysts' consensus estimates of $2.19 by $0.27. The firm had revenue of $571.66 million for the quarter, compared to analysts' expectations of $561.31 million. Itron had a net margin of 12.72% and a return on equity of 20.04%. The company's revenue was down 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.35 earnings per share. Itron has set its Q1 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 5.750-6.250 EPS. Equities analysts predict that Itron, Inc. will post 5.33 EPS for the current fiscal year.

Insider Activity

In related news, SVP Christopher E. Ware sold 763 shares of the company's stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $100.17, for a total transaction of $76,429.71. Following the sale, the senior vice president owned 31,043 shares in the company, valued at $3,109,577.31. This represents a 2.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Joan S. Hooper sold 3,533 shares of Itron stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $95.92, for a total value of $338,885.36. Following the completion of the sale, the chief financial officer owned 118,275 shares of the company's stock, valued at approximately $11,344,938. The trade was a 2.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 51,180 shares of company stock worth $5,085,475. Company insiders own 1.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ITRI shares. Zacks Research upgraded shares of Itron from a "strong sell" rating to a "hold" rating in a report on Thursday, February 26th. Guggenheim set a $155.00 target price on shares of Itron in a research note on Friday, February 13th. 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 report on Monday, January 5th. Wall Street Zen cut shares of Itron from a "buy" rating to a "hold" rating in a report on Wednesday, January 14th. Finally, Weiss Ratings downgraded shares of Itron from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, January 12th. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Itron has an average rating of "Moderate Buy" and an average price target of $138.56.

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.

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