Ituran Location and Control Ltd. $ITRN Stock Position Raised by Seizert Capital Partners LLC

Seizert Capital Partners LLC increased its stake in Ituran Location and Control Ltd. (NASDAQ:ITRN) by 2.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 161,105 shares of the industrial products company’s stock after acquiring an additional 3,588 shares during the quarter. Seizert Capital Partners LLC owned approximately 0.81% of Ituran Location and Control worth $6,240,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Boston Partners boosted its position in shares of Ituran Location and Control by 67.0% in the 2nd quarter. Boston Partners now owns 11,796 shares of the industrial products company’s stock valued at $457,000 after purchasing an additional 4,731 shares during the period. Acadian Asset Management LLC raised its holdings in Ituran Location and Control by 18.5% during the 2nd quarter. Acadian Asset Management LLC now owns 726,519 shares of the industrial products company’s stock worth $28,097,000 after buying an additional 113,594 shares during the period. CSM Advisors LLC purchased a new stake in Ituran Location and Control during the second quarter valued at about $3,731,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Ituran Location and Control by 19.8% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 64,122 shares of the industrial products company’s stock worth $2,483,000 after buying an additional 10,579 shares during the period. Finally, Pekin Hardy Strauss Inc. boosted its holdings in shares of Ituran Location and Control by 7.7% in the second quarter. Pekin Hardy Strauss Inc. now owns 178,369 shares of the industrial products company’s stock worth $6,908,000 after buying an additional 12,744 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Ituran Location and Control Stock Performance

Shares of ITRN opened at $36.70 on Wednesday. The company has a market capitalization of $729.96 million, a PE ratio of 13.15 and a beta of 0.88. The company’s 50 day moving average price is $36.71 and its 200 day moving average price is $37.42. Ituran Location and Control Ltd. has a 52 week low of $26.68 and a 52 week high of $45.43.

Ituran Location and Control (NASDAQ:ITRN) last issued its earnings results on Tuesday, November 18th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.06. Ituran Location and Control had a net margin of 16.35% and a return on equity of 28.24%. The company had revenue of $92.28 million during the quarter, compared to analyst estimates of $86.52 million.

Ituran Location and Control Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 29th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, December 29th. This represents a $2.00 dividend on an annualized basis and a yield of 5.4%. Ituran Location and Control’s dividend payout ratio (DPR) is presently 71.68%.

Analyst Ratings Changes

A number of research firms have recently issued reports on ITRN. Weiss Ratings restated a “buy (b-)” rating on shares of Ituran Location and Control in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Ituran Location and Control from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Ituran Location and Control currently has an average rating of “Buy” and an average price target of $50.00.

Ituran Location and Control Profile

Ituran Location and Control Ltd., together with its subsidiaries, provides location based telematics services and machine-to-machine telematics products. It operates through two segments, Telematics Services and Telematics Products. The Telematics services segment offers stolen vehicle recovery and tracking services, which enables to locate, track, and recover stolen vehicles for its subscribers; fleet management services that enable corporate and individual customers to track and manage their vehicles in real time; and locator services that allow customers to protect valuable merchandise and equipment.