River Road Asset Management LLC Trims Holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN)

River Road Asset Management LLC reduced its holdings in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 34.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 504,598 shares of the industrial products company’s stock after selling 266,748 shares during the quarter. River Road Asset Management LLC’s holdings in Ituran Location and Control were worth $13,745,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ITRN. Y.D. More Investments Ltd acquired a new stake in shares of Ituran Location and Control during the 3rd quarter valued at approximately $29,262,000. Millennium Management LLC acquired a new stake in shares of Ituran Location and Control during the 4th quarter valued at approximately $2,256,000. Inlet Private Wealth LLC raised its position in shares of Ituran Location and Control by 259.8% during the 4th quarter. Inlet Private Wealth LLC now owns 132,950 shares of the industrial products company’s stock valued at $3,622,000 after acquiring an additional 96,000 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Ituran Location and Control by 176.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 59,307 shares of the industrial products company’s stock valued at $1,253,000 after acquiring an additional 37,826 shares in the last quarter. Finally, Lazard Asset Management LLC raised its position in shares of Ituran Location and Control by 506.5% during the 3rd quarter. Lazard Asset Management LLC now owns 37,982 shares of the industrial products company’s stock valued at $1,135,000 after acquiring an additional 31,719 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Ituran Location and Control Trading Down 3.6 %

ITRN stock opened at $25.25 on Thursday. The firm has a market cap of $502.22 million, a P/E ratio of 10.52 and a beta of 1.17. Ituran Location and Control Ltd. has a 12-month low of $20.35 and a 12-month high of $31.01. The stock’s 50 day simple moving average is $26.90 and its 200 day simple moving average is $26.49.

Ituran Location and Control (NASDAQ:ITRN) last issued its earnings results on Thursday, February 29th. The industrial products company reported $0.60 earnings per share for the quarter. Ituran Location and Control had a return on equity of 28.61% and a net margin of 15.04%. The firm had revenue of $77.81 million for the quarter.

Ituran Location and Control Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 20th were given a $0.39 dividend. The ex-dividend date was Tuesday, March 19th. This is a positive change from Ituran Location and Control’s previous quarterly dividend of $0.24. This represents a $1.56 annualized dividend and a yield of 6.18%. Ituran Location and Control’s dividend payout ratio (DPR) is currently 65.00%.

Ituran Location and Control 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.