LSV Asset Management Has $2.66 Million Stake in Ituran Location and Control Ltd. (NASDAQ:ITRN)

LSV Asset Management cut its holdings in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) by 19.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,320 shares of the industrial products company's stock after selling 20,104 shares during the period. LSV Asset Management owned approximately 0.43% of Ituran Location and Control worth $2,658,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ITRN. JPMorgan Chase & Co. raised its stake in shares of Ituran Location and Control by 58.3% during the third quarter. JPMorgan Chase & Co. now owns 39,464 shares of the industrial products company's stock valued at $1,047,000 after purchasing an additional 14,527 shares in the last quarter. HighTower Advisors LLC bought a new position in shares of Ituran Location and Control in the third quarter valued at approximately $767,000. Assenagon Asset Management S.A. bought a new stake in Ituran Location and Control during the fourth quarter worth approximately $835,000. BNP Paribas Financial Markets boosted its stake in Ituran Location and Control by 214.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,011 shares of the industrial products company's stock valued at $160,000 after purchasing an additional 4,098 shares in the last quarter. Finally, Barclays PLC increased its position in shares of 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 valued at $206,000 after purchasing an additional 4,400 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Ituran Location and Control Trading Up 0.4 %

Shares of NASDAQ ITRN traded up $0.13 during midday trading on Friday, reaching $33.44. The company's stock had a trading volume of 63,947 shares, compared to its average volume of 97,334. The company has a market cap of $665.26 million, a price-to-earnings ratio of 12.81 and a beta of 0.90. Ituran Location and Control Ltd. has a one year low of $24.12 and a one year high of $45.43. The company has a 50 day moving average price of $36.85 and a 200 day moving average price of $32.38.

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The industrial products company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.02. The company had revenue of $82.88 million during the quarter, compared to the consensus estimate 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.98%. The ex-dividend date was Thursday, March 20th. This is an increase from Ituran Location and Control's previous quarterly dividend of $0.39. Ituran Location and Control's payout ratio is presently 73.80%.

Wall Street Analysts Forecast Growth

Separately, Barclays raised their target price on 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 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.