Seizert Capital Partners LLC Has $6.24 Million Stock Position in Ituran Location and Control Ltd. $ITRN

Seizert Capital Partners LLC grew its holdings in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 2.3% during the second quarter, Holdings Channel reports. The firm owned 161,105 shares of the industrial products company’s stock after purchasing an additional 3,588 shares during the period. Seizert Capital Partners LLC’s holdings in Ituran Location and Control were worth $6,240,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Assetmark Inc. bought a new position in Ituran Location and Control during the second quarter valued at about $37,000. Costello Asset Management INC acquired a new position in shares of Ituran Location and Control during the 1st quarter valued at about $40,000. AdvisorNet Financial Inc raised its stake in shares of Ituran Location and Control by 148.9% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,120 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 670 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Ituran Location and Control by 327.2% in the 1st quarter. Jones Financial Companies Lllp now owns 1,226 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 939 shares during the last quarter. Finally, Hennessy Advisors Inc. bought a new stake in Ituran Location and Control during the second quarter worth approximately $113,000. 94.80% of the stock is currently owned by institutional investors.

Ituran Location and Control Price Performance

NASDAQ:ITRN opened at $36.70 on Wednesday. Ituran Location and Control Ltd. has a one year low of $26.68 and a one year high of $45.43. The company has a fifty day moving average price of $36.71 and a 200 day moving average price of $37.42. The stock has a market cap of $729.96 million, a P/E ratio of 13.15 and a beta of 0.88.

Ituran Location and Control (NASDAQ:ITRN) last posted its quarterly earnings results on Tuesday, November 18th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.06. The company had revenue of $92.28 million for the quarter, compared to analyst estimates of $86.52 million. Ituran Location and Control had a net margin of 16.35% and a return on equity of 28.24%.

Ituran Location and Control Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 29th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.4%. The ex-dividend date is Monday, December 29th. Ituran Location and Control’s payout ratio is currently 71.68%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ITRN. Wall Street Zen lowered shares of Ituran Location and Control from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ituran Location and Control in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Ituran Location and Control has an average rating of “Buy” and an average target price of $50.00.

About Ituran Location and Control

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.