BlackRock Amends Itron Stake, Remains Key Institutional Holder
Ticker: ITRI · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 780571
| Field | Detail |
|---|---|
| Company | Itron, Inc. (ITRI) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
Related Tickers: ITRI
TL;DR
**BlackRock updated its Itron stake, still a major player.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, indicating a change in its beneficial ownership of Itron Inc. (NASDAQ: ITRI) Common Stock as of December 31, 2023. This filing, Amendment No. 24, shows that BlackRock continues to be a significant institutional investor in Itron, a company specializing in instruments for measuring and testing electricity. For investors, this matters because large institutional holdings like BlackRock's can provide a degree of stability and confidence in a stock, but any significant reduction in their stake could signal a shift in their investment thesis.
Why It Matters
This filing confirms BlackRock's continued substantial investment in Itron, which can influence investor sentiment and the stock's perceived stability.
Risk Assessment
Risk Level: low — This is a routine amendment from a large institutional investor, indicating no immediate significant risk or change in company fundamentals.
Analyst Insight
Investors should note BlackRock's continued presence as a major shareholder in Itron, but this routine amendment doesn't suggest any immediate need for action. It's a good reminder to monitor future filings for any significant changes in institutional ownership that could signal a shift in sentiment.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Itron Inc. (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 24, as stated in the filing.
Who is the reporting person in this filing?
The reporting person, or the entity that filed this statement, is BlackRock Inc., as identified in the 'FILED BY' section of the filing.
What is the subject company whose securities are being reported?
The subject company is ITRON, INC., with the CIK 0000780571, as stated under 'SUBJECT COMPANY' in the filing.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of Itron Inc. is 465741106, as listed under 'Title of Class of Securities' in the filing.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding ITRON, INC. (ITRI).