Seizert Capital Partners LLC Buys 38,652 Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN)

Seizert Capital Partners LLC raised its holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) by 32.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 158,204 shares of the industrial products company's stock after acquiring an additional 38,652 shares during the period. Seizert Capital Partners LLC owned about 0.80% of Ituran Location and Control worth $4,928,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. R Squared Ltd bought a new stake in Ituran Location and Control during the 4th quarter worth approximately $117,000. Van ECK Associates Corp grew its holdings 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 worth $121,000 after buying an additional 392 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Ituran Location and Control in the 3rd quarter valued at approximately $137,000. BNP Paribas Financial Markets lifted its stake in Ituran Location and Control by 214.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,011 shares of the industrial products company's stock valued at $160,000 after acquiring an additional 4,098 shares in the last quarter. Finally, Barclays PLC boosted its position in Ituran Location and Control by 132.1% during the 3rd quarter. Barclays PLC now owns 7,731 shares of the industrial products company's stock worth $206,000 after acquiring an additional 4,400 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Separately, Barclays lifted their price objective on shares of Ituran Location and Control from $35.00 to $50.00 and gave the company an "overweight" rating in a report on Thursday, February 27th.

Ituran Location and Control Trading Down 0.8 %

Shares of Ituran Location and Control stock traded down $0.32 during trading hours on Friday, reaching $38.05. 164,575 shares of the company's stock were exchanged, compared to its average volume of 88,729. The stock has a market cap of $756.97 million, a P/E ratio of 14.58 and a beta of 1.10. The company has a 50 day moving average of $35.22 and a two-hundred day moving average of $30.61. Ituran Location and Control Ltd. has a fifty-two week low of $24.12 and a fifty-two week high of $45.43.

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The industrial products company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02. The firm had revenue of $82.88 million during the quarter, compared to analysts' expectations of $81.81 million. Ituran Location and Control had a return on equity of 28.31% and a net margin of 15.65%.

Ituran Location and Control Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date is Thursday, March 20th. This is an increase from Ituran Location and Control's previous quarterly dividend of $0.39. Ituran Location and Control's dividend payout ratio (DPR) is 73.80%.

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.