Rice Hall James & Associates LLC Sells 861 Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN)

by · The Markets Daily

Rice Hall James & Associates LLC lowered its stake in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN – Free Report) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 338,745 shares of the industrial products company’s stock after selling 861 shares during the quarter. Rice Hall James & Associates LLC owned 1.70% of Ituran Location and Control worth $10,128,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Macquarie Group Ltd. bought a new stake in Ituran Location and Control during the fourth quarter worth $35,000. PNC Financial Services Group Inc. grew its holdings in Ituran Location and Control by 11,714.3% during the first quarter. PNC Financial Services Group Inc. now owns 3,308 shares of the industrial products company’s stock worth $77,000 after buying an additional 3,280 shares in the last quarter. Bank of America Corp DE grew its stake in Ituran Location and Control by 45.8% in the 4th quarter. Bank of America Corp DE now owns 5,598 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 1,758 shares during the period. Barclays PLC grew its stake in Ituran Location and Control by 1,022.0% in the 2nd quarter. Barclays PLC now owns 5,195 shares of the industrial products company’s stock valued at $121,000 after purchasing an additional 4,732 shares during the period. Finally, Lazard Asset Management LLC grew its stake in Ituran Location and Control by 16.3% in the 4th quarter. Lazard Asset Management LLC now owns 6,263 shares of the industrial products company’s stock valued at $132,000 after purchasing an additional 878 shares during the period.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Ituran Location and Control in a research report on Thursday, October 5th. They set a “strong-buy” rating on the stock.

Read Our Latest Stock Report on Ituran Location and Control

Ituran Location and Control Stock Performance

Shares of ITRN opened at $25.27 on Friday. The stock’s 50-day simple moving average is $26.18 and its 200 day simple moving average is $27.15. The stock has a market capitalization of $502.62 million, a price-to-earnings ratio of 11.13 and a beta of 1.15. Ituran Location and Control Ltd. has a 52-week low of $20.35 and a 52-week high of $31.01.

Ituran Location and Control (NASDAQ:ITRN – Get Free Report) last released its quarterly earnings results on Monday, November 27th. The industrial products company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.05. Ituran Location and Control had a return on equity of 28.31% and a net margin of 14.41%. The firm had revenue of $81.05 million for the quarter.

Ituran Location and Control Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Wednesday, December 20th were issued a $0.24 dividend. The ex-dividend date was Tuesday, December 19th. This represents a $0.96 annualized dividend and a dividend yield of 3.80%. This is a boost from Ituran Location and Control’s previous quarterly dividend of $0.15. Ituran Location and Control’s dividend payout ratio (DPR) is presently 42.29%.

Ituran Location and Control Company Profile

(Free Report)

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.

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