Ituran Location and Control Ltd. (NASDAQ:ITRN) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC trimmed its stake in Ituran Location and Control Ltd. (NASDAQ:ITRN) by 11.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 75,000 shares of the industrial products company’s stock after selling 9,600 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Ituran Location and Control were worth $2,336,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ITRN. R Squared Ltd acquired a new position in Ituran Location and Control in the fourth quarter valued at $117,000. Van ECK Associates Corp raised its stake in shares of Ituran Location and Control by 11.3% during the fourth quarter. Van ECK Associates Corp now owns 3,871 shares of the industrial products company’s stock valued at $121,000 after purchasing an additional 392 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Ituran Location and Control in the 3rd quarter worth $137,000. BNP Paribas Financial Markets lifted its stake in shares of Ituran Location and Control by 214.2% in the third quarter. BNP Paribas Financial Markets now owns 6,011 shares of the industrial products company’s stock worth $160,000 after acquiring an additional 4,098 shares in the last quarter. Finally, Barclays PLC raised its position in shares of Ituran Location and Control by 132.1% in the 3rd quarter. Barclays PLC now owns 7,731 shares of the industrial products company’s stock valued at $206,000 after purchasing an additional 4,400 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Ratings Changes

Separately, Barclays upped their target price on shares of Ituran Location and Control from $35.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th.

Ituran Location and Control Price Performance

NASDAQ:ITRN opened at $36.88 on Friday. The firm has a market capitalization of $733.69 million, a P/E ratio of 14.13 and a beta of 1.10. The business has a 50 day simple moving average of $36.77 and a 200 day simple moving average of $31.47. Ituran Location and Control Ltd. has a 12-month low of $24.12 and a 12-month high of $45.43.

Ituran Location and Control (NASDAQ:ITRN) last released its quarterly earnings results on Wednesday, February 26th. The industrial products company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.68 by $0.02. Ituran Location and Control had a net margin of 15.65% and a return on equity of 28.31%. The business had revenue of $82.88 million during the quarter, compared to analyst estimates of $81.81 million.

Ituran Location and Control Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $2.00 annualized dividend and a dividend yield of 5.42%. This is a positive change from Ituran Location and Control’s previous quarterly dividend of $0.39. Ituran Location and Control’s dividend payout ratio (DPR) is presently 73.80%.

About Ituran Location and Control

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.