Boston Partners Increases Position in Ituran Location and Control Ltd. $ITRN

Boston Partners grew its holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN) by 67.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,796 shares of the industrial products company’s stock after purchasing an additional 4,731 shares during the quarter. Boston Partners owned about 0.06% of Ituran Location and Control worth $457,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Acadian Asset Management LLC increased its holdings in shares of Ituran Location and Control by 18.5% in the second quarter. Acadian Asset Management LLC now owns 726,519 shares of the industrial products company’s stock valued at $28,097,000 after purchasing an additional 113,594 shares during the last quarter. CSM Advisors LLC purchased a new stake in Ituran Location and Control in the 2nd quarter valued at $3,731,000. Raymond James Financial Inc. increased its stake in shares of Ituran Location and Control by 44.0% in the 1st quarter. Raymond James Financial Inc. now owns 125,677 shares of the industrial products company’s stock worth $4,544,000 after acquiring an additional 38,429 shares during the last quarter. IFG Advisory LLC purchased a new position in shares of Ituran Location and Control during the 1st quarter worth $1,335,000. Finally, Nuveen LLC acquired a new position in shares of Ituran Location and Control during the 1st quarter valued at about $558,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Ituran Location and Control Price Performance

NASDAQ ITRN opened at $40.07 on Monday. The stock has a market capitalization of $796.99 million, a P/E ratio of 14.36 and a beta of 0.88. The firm’s 50-day moving average is $37.29 and its two-hundred day moving average is $37.58. Ituran Location and Control Ltd. has a 12 month low of $28.96 and a 12 month high of $45.43.

Ituran Location and Control (NASDAQ:ITRN) last released its quarterly 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 business had revenue of $92.28 million for the quarter, compared to the consensus estimate of $86.52 million.

Ituran Location and Control Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 29th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Monday, December 29th. Ituran Location and Control’s dividend payout ratio (DPR) is currently 70.42%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ITRN shares. Wall Street Zen upgraded shares of Ituran Location and Control from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Ituran Location and Control in a report on Tuesday, November 25th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $50.00.

Ituran Location and Control Company 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.