Federated Hermes reduces stake in Itron, through latest holdings adjustment

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Itron ($NASDAQ:ITRI), Inc. is a leading technology company that specializes in providing solutions for energy and water resource management. The company offers a wide range of products and services to help utilities and municipalities efficiently manage their resources. The company’s stock, listed on the NASDAQ under the ticker symbol ITRI, has been performing well in recent years, with a steady increase in value.

However, in a recent development, it was announced that Federated Hermes Inc., a renowned global investment management firm, has reduced its stake in Itron, Inc. This news has caught the attention of investors and analysts alike, as it highlights potential changes in the market dynamics of the company. With this latest adjustment, the firm has sold off a portion of its holdings, bringing its total ownership down to approximately 3%. While the exact reason for this move is yet to be disclosed, it is speculated that Federated Hermes Inc. is reallocating its investments to other opportunities. This change in ownership has caused a slight dip in Itron’s stock price, but analysts believe that it will not have a significant impact on the company’s overall performance. In fact, some experts see this as an opportunity to invest in Itron, as the company’s fundamentals remain strong and its growth prospects are promising. While this reduction in stake may come as a surprise to some, it is not uncommon for large investment firms to adjust their holdings periodically. It is a common strategy used to rebalance their portfolios and optimize their returns. Therefore, this move by Federated Hermes Inc. should not be seen as a reflection of Itron’s performance or potential. In conclusion, while Federated Hermes Inc.’s recent reduction in stake in Itron, Inc. may have caused some fluctuations in the stock price, it should not be a cause for concern for investors. The company remains a strong player in the energy and water management industry, and its recent advancements in technology and partnerships only add to its potential for growth. As with any investment, thorough research and analysis should be conducted before making any decisions, but overall, Itron, Inc. continues to be a promising stock in the market.

Share Price

Federated Hermes Inc., a global investment management company, recently announced a reduction in its stake in Itron, Inc. through its latest holdings adjustment. This move comes as part of their ongoing portfolio management strategy and reflects their confidence in the current market conditions. On Thursday, ITRON stock opened at $104.99 and closed at $106.38, showing a 3.35% increase from the previous closing price of $102.93. This rise in stock price can be attributed to the positive market sentiment and the company’s strong financial performance. With this adjustment, Federated Hermes Inc. will hold a smaller percentage of ITRON stock, potentially freeing up capital for other investments. On the other hand, Itron, Inc. may experience a decrease in stock demand from one of its major shareholders.

However, this decrease in stake does not necessarily indicate a lack of confidence in Itron, Inc. by Federated Hermes Inc. In fact, it could be a strategic move to diversify their portfolio and manage risk exposure. As an investment management company, Federated Hermes Inc. regularly adjusts its holdings to optimize their portfolio and maximize returns for their clients. Itron, Inc., a leading technology and services company, provides solutions for energy, water, and smart cities. The company’s innovative products and services have helped them maintain a strong position in the market. With this latest development, Itron, Inc. will continue to focus on their growth strategy and capitalize on new opportunities in the market. In conclusion, Federated Hermes Inc.’s reduction in stake in Itron, Inc. reflects their active approach to portfolio management and the dynamic nature of the investment landscape. As both companies move forward, they will continue to adapt and make strategic decisions to drive growth and create value for their shareholders. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Itron. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Itron. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Itron. More…

Key Ratios Snapshot

Some of the financial key ratios for Itron are shown below. More…

Analysis

After conducting a thorough analysis of ITRON’s state of well-being, I have classified the company as a ‘rhino’ on the Star Chart. This indicates that ITRON has achieved moderate revenue or earnings growth. It may not be the fastest growing company, but it has shown consistent growth in its financial performance. Based on my observations, I believe that ITRON would be attractive to investors who are looking for a stable and reliable investment option. This could include both individual investors as well as institutional investors who prioritize steady growth over high-risk, high-reward opportunities. In terms of financial health, ITRON appears to be strong in profitability, with a solid track record of generating profits. However, its asset position is only medium, indicating that the company may not have a large number of physical assets. Additionally, its dividend and growth potential also appear to be weaker compared to its profitability. On a positive note, ITRON has a high health score of 8/10 when it comes to its cashflows and debt. This suggests that the company is capable of sustaining its operations even during times of crisis, making it a relatively low-risk investment option. Overall, I would recommend ITRON as a potential investment opportunity for investors who are seeking stable and consistent growth, with a focus on long-term sustainability. Its strong profitability and solid financial health make it a strong contender in the market. Itron_through_latest_holdings_adjustment”>More…

Peers

The company has a wide array of products and services that it offers to its clients. Itron Inc is a publicly traded company that is listed on the Nasdaq Stock Market. The company was founded in 1977 and is headquartered in Liberty Lake, Washington. Itron Inc has a market capitalization of $2.5 billion as of September 2019. Adtran Inc is a technology company that specializes in the development and deployment of telecommunications networking equipment and solutions. The company has a wide array of products and services that it offers to its clients. Adtran Inc is a publicly traded company that is listed on the Nasdaq Stock Market. The company was founded in 1985 and is headquartered in Huntsville, Alabama. Adtran Inc has a market capitalization of $1.2 billion as of September 2019. Communications Systems Inc is a technology company that specializes in the development and deployment of voice and data communications solutions. The company has a wide array of products and services that it offers to its clients. Communications Systems Inc is a publicly traded company that is listed on the Nasdaq Stock Market. The company was founded in 1968 and is headquartered in Minneapolis, Minnesota. Communications Systems Inc has a market capitalization of $204 million as of September 2019. Mind Solutions Inc is a technology company that specializes in the development and deployment of cognitive computing solutions. The company has a wide array of products and services that it offers to its clients. Mind Solutions Inc is a privately held company that is headquartered in San Diego, California. The company was founded in 2006.

– Adtran Inc ($NASDAQ:ADTN)

Adtran, Inc. is a global communications solutions provider specializing in network connectivity and infrastructure solutions. The company’s solutions enable voice, data, video, and Internet communications across a variety of network infrastructures. Adtran’s products are used in a variety of applications, including broadband access, Ethernet switching, network security, VoIP, and wireless connectivity.

Adtran’s market cap is 1.59B as of 2022. The company has a Return on Equity of -2.42%. Adtran specializes in network connectivity and infrastructure solutions. The company’s products are used in a variety of applications, including broadband access, Ethernet switching, network security, VoIP, and wireless connectivity.

– Communications Systems Inc ($OTCPK:VOIS)

Moody’s is the leading provider of credit ratings, research, and risk analysis. It is one of the “Big Three” credit-rating agencies, along with Standard & Poor’s and Fitch Ratings.

Summary

On a recent day, Federated Hermes Inc. decreased its holdings in Itron, Inc, a company in the energy and water management industry.

However, despite this decrease in ownership, the stock price of Itron, Inc actually increased on the same day. This could suggest that other investors are still bullish on the company and see potential for growth and profitability. It also indicates that the overall market sentiment towards Itron, Inc may be positive. Investors should continue to keep an eye on developments in the company and the industry as they assess the potential for future returns on their investment in Itron, Inc.