Ituran Location and Control Ltd. (NASDAQ:ITRN) Stake Boosted by Pzena Investment Management LLC

Pzena Investment Management LLC grew its stake in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 3.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,659 shares of the industrial products company’s stock after acquiring an additional 752 shares during the period. Pzena Investment Management LLC owned 0.11% of Ituran Location and Control worth $558,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ITRN. Inflection Point Investments LLP bought a new stake in Ituran Location and Control in the fourth quarter worth $16,153,000. Rice Hall James & Associates LLC boosted its holdings in Ituran Location and Control by 22.4% in the first quarter. Rice Hall James & Associates LLC now owns 410,450 shares of the industrial products company’s stock worth $11,476,000 after purchasing an additional 75,180 shares in the last quarter. American Trust Investment Advisors LLC boosted its holdings in Ituran Location and Control by 555.2% in the fourth quarter. American Trust Investment Advisors LLC now owns 59,142 shares of the industrial products company’s stock worth $1,611,000 after purchasing an additional 50,115 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Ituran Location and Control by 11.6% in the first quarter. Acadian Asset Management LLC now owns 398,740 shares of the industrial products company’s stock worth $11,117,000 after purchasing an additional 41,570 shares in the last quarter. Finally, LSV Asset Management bought a new stake in Ituran Location and Control in the first quarter worth $875,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Ituran Location and Control Trading Down 0.6 %

Shares of NASDAQ:ITRN opened at $27.75 on Thursday. The stock has a market capitalization of $552.06 million, a PE ratio of 11.10 and a beta of 1.16. Ituran Location and Control Ltd. has a 1 year low of $24.01 and a 1 year high of $30.66. The firm has a fifty day moving average price of $26.36 and a 200 day moving average price of $26.61.

Ituran Location and Control (NASDAQ:ITRN) last released its earnings results on Monday, August 19th. The industrial products company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.05. The firm had revenue of $84.87 million during the quarter. Ituran Location and Control had a net margin of 15.42% and a return on equity of 28.43%.

Ituran Location and Control Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 26th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date is Thursday, September 26th. Ituran Location and Control’s dividend payout ratio is 62.40%.

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.