Segall Bryant & Hamill LLC Raises Holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN)

Segall Bryant & Hamill LLC lifted its stake in Ituran Location and Control Ltd. (NASDAQ:ITRN) by 43.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 84,600 shares of the industrial products company’s stock after purchasing an additional 25,700 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.43% of Ituran Location and Control worth $2,245,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Blue Trust Inc. raised its holdings in shares of Ituran Location and Control by 63.4% in the third quarter. Blue Trust Inc. now owns 1,541 shares of the industrial products company’s stock worth $38,000 after buying an additional 598 shares during the last quarter. Heron Bay Capital Management raised its stake in Ituran Location and Control by 6.2% in the 2nd quarter. Heron Bay Capital Management now owns 10,604 shares of the industrial products company’s stock worth $261,000 after acquiring an additional 622 shares during the last quarter. Pzena Investment Management LLC grew its stake in Ituran Location and Control by 3.4% during the 2nd quarter. Pzena Investment Management LLC now owns 22,659 shares of the industrial products company’s stock valued at $558,000 after purchasing an additional 752 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of Ituran Location and Control by 11.3% in the first quarter. California State Teachers Retirement System now owns 16,585 shares of the industrial products company’s stock valued at $464,000 after purchasing an additional 1,679 shares during the period. Finally, Delphi Management Inc. MA raised its stake in shares of Ituran Location and Control by 2.9% in the second quarter. Delphi Management Inc. MA now owns 63,522 shares of the industrial products company’s stock worth $1,565,000 after purchasing an additional 1,816 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Ituran Location and Control Stock Up 1.7 %

Ituran Location and Control stock opened at $28.98 on Friday. Ituran Location and Control Ltd. has a 52 week low of $24.12 and a 52 week high of $30.00. The stock has a 50-day moving average price of $27.07 and a 200 day moving average price of $26.75. The company has a market capitalization of $576.41 million, a price-to-earnings ratio of 11.10 and a beta of 1.14.

Ituran Location and Control Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Monday, December 23rd will be paid a $0.39 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.38%. Ituran Location and Control’s payout ratio is currently 59.77%.

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.