Ituran Location and Control Ltd. (NASDAQ:ITRN) Shares Sold by Seizert Capital Partners LLC

Seizert Capital Partners LLC lessened its holdings in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 0.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 119,552 shares of the industrial products company’s stock after selling 1,000 shares during the period. Seizert Capital Partners LLC owned approximately 0.60% of Ituran Location and Control worth $3,173,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. grew its stake in shares of Ituran Location and Control by 63.4% during the 3rd quarter. Blue Trust Inc. now owns 1,541 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 598 shares during the period. Copeland Capital Management LLC acquired a new position in Ituran Location and Control during the third quarter worth about $50,000. Blair William & Co. IL acquired a new position in Ituran Location and Control during the first quarter worth about $203,000. Semanteon Capital Management LP purchased a new position in Ituran Location and Control in the third quarter valued at about $225,000. Finally, Caprock Group LLC acquired a new stake in shares of Ituran Location and Control during the 2nd quarter valued at approximately $226,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Ituran Location and Control Price Performance

ITRN opened at $26.75 on Friday. Ituran Location and Control Ltd. has a 1-year low of $24.12 and a 1-year high of $30.00. The stock has a market cap of $532.06 million, a P/E ratio of 10.49 and a beta of 1.14. The stock’s 50 day simple moving average is $27.01 and its 200 day simple moving average is $26.69.

Ituran Location and Control (NASDAQ:ITRN) last announced its quarterly earnings results on Monday, August 19th. The industrial products company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.05. Ituran Location and Control had a return on equity of 28.43% and a net margin of 15.42%. The business had revenue of $84.87 million during the quarter.

Ituran Location and Control Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 26th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 5.83%. The ex-dividend date of this dividend was Thursday, September 26th. Ituran Location and Control’s dividend payout ratio (DPR) is presently 61.18%.

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.