Northern Trust Corp lessened its holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN) by 17.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,539 shares of the industrial products company’s stock after selling 6,494 shares during the quarter. Northern Trust Corp owned 0.15% of Ituran Location and Control worth $956,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ITRN. Analyst IMS Investment Management Services Ltd. lifted its position in shares of Ituran Location and Control by 6.1% in the second quarter. Analyst IMS Investment Management Services Ltd. now owns 656,662 shares of the industrial products company’s stock worth $20,553,000 after purchasing an additional 37,877 shares in the last quarter. Lazard Asset Management LLC bought a new stake in Ituran Location and Control during the second quarter worth $863,000. Rice Hall James & Associates LLC raised its position in Ituran Location and Control by 23.0% during the second quarter. Rice Hall James & Associates LLC now owns 134,755 shares of the industrial products company’s stock worth $4,218,000 after acquiring an additional 25,194 shares in the last quarter. Sei Investments Co. bought a new stake in Ituran Location and Control during the second quarter worth $754,000. Finally, Sphera Funds Management LTD. raised its position in Ituran Location and Control by 8.2% during the second quarter. Sphera Funds Management LTD. now owns 304,421 shares of the industrial products company’s stock worth $9,528,000 after acquiring an additional 23,065 shares in the last quarter. 52.63% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) opened at $35.00 on Thursday. Ituran Location and Control Ltd. has a 1 year low of $25.05 and a 1 year high of $38.00. The stock has a market cap of $733.88, a price-to-earnings ratio of 16.99 and a beta of 0.82.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 27th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.74%. The ex-dividend date is Tuesday, December 26th. Ituran Location and Control’s dividend payout ratio (DPR) is currently 46.60%.

Several analysts have issued reports on ITRN shares. BidaskClub lowered shares of Ituran Location and Control from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Zacks Investment Research raised shares of Ituran Location and Control from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Tuesday, August 22nd.

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About Ituran Location and Control

Ituran Location and Control Ltd. is a provider of location-based services, consisting of stolen vehicle recovery (SVR), fleet management services and other tracking services. The Company also provides wireless communication products used in connection with its location-based services and various other applications.

Institutional Ownership by Quarter for Ituran Location and Control (NASDAQ:ITRN)

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