Segall Bryant & Hamill LLC Has $2.34 Million Stock Holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN)

Segall Bryant & Hamill LLC cut its stake in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) by 11.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,000 shares of the industrial products company's stock after selling 9,600 shares during the period. Segall Bryant & Hamill LLC owned 0.38% of Ituran Location and Control worth $2,336,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in Ituran Location and Control during the 4th quarter worth approximately $117,000. Van ECK Associates Corp boosted its position in shares of Ituran Location and Control by 11.3% in the fourth quarter. Van ECK Associates Corp now owns 3,871 shares of the industrial products company's stock valued at $121,000 after acquiring an additional 392 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Ituran Location and Control in the third quarter valued at about $137,000. BNP Paribas Financial Markets raised 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 worth $160,000 after purchasing an additional 4,098 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new stake in Ituran Location and Control in the 4th quarter valued at about $207,000. Institutional investors own 94.80% of the company's stock.

Ituran Location and Control Stock Down 0.0 %

Shares of NASDAQ:ITRN traded down $0.01 during trading on Tuesday, reaching $36.15. 77,997 shares of the company traded hands, compared to its average volume of 93,503. Ituran Location and Control Ltd. has a 52 week low of $24.12 and a 52 week high of $45.43. The firm has a market capitalization of $719.17 million, a PE ratio of 13.85 and a beta of 1.10. The company's 50 day moving average is $36.96 and its two-hundred day moving average is $31.73.

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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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.02. Ituran Location and Control had a net margin of 15.65% and a return on equity of 28.31%. The firm had revenue of $82.88 million for the quarter, compared to the consensus estimate of $81.81 million.

Ituran Location and Control Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be given a dividend of $0.50 per share. This is a positive change from Ituran Location and Control's previous quarterly dividend of $0.39. The ex-dividend date is Thursday, March 20th. This represents a $2.00 annualized dividend and a dividend yield of 5.53%. Ituran Location and Control's dividend payout ratio (DPR) is currently 73.80%.

Analyst Ratings Changes

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

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.