Impax Asset Management Group plc acquired 890,040 additional Itron shares, increasing its position value by $105.16 million, representing a 0.66% increase in its $17.14 billion 13F reportable assets under management. Post-transaction, the fund now holds 1,588,950 Itron shares valued at $197.15 million, accounting for 1.15% of its AUM outside the top five holdings.

The SEC filing dated November 06, 2025, reveals Impax Asset Management Group’s purchase of 890,040 Itron shares, boosting its position value by $105.16 million to a total of 1,588,950 shares worth $197.15 million as of September 30, 2025. The Itron stake now represents 1.15% of the fund’s AUM.

As of November 5, 2025, Itron shares were priced at $107.15, down 8.95% over the past year, underperforming the S&P 500 by 25.77 percentage points. The company’s market capitalization stands at $4.87 billion, with revenue and net income of $2.41 billion and $257.53 million, respectively.

Itron, Inc. is a technology provider specializing in solutions for utilities and smart cities, offering hardware, networked devices, and software for energy, water, and infrastructure management. With revenue streams across Device Solutions, Networked Solutions, and Outcomes segments, Itron serves utilities, municipalities, and smart city operators globally.

Impax Asset Management Group’s investment of over $100 million in Itron, Inc. indicates confidence in the company’s role in modernizing utilities’ infrastructure. Itron’s position at the forefront of resource management and infrastructure modernization presents a unique opportunity for growth and innovation in the evolving market landscape. Investors are encouraged to consider the potential long-term prospects of Itron’s strategic positioning and growth initiatives.

Read more at Nasdaq: Inside the Digital Nerve System of Modern Utilities and the $100 Million Bet on Itron