Boston Partners Buys 4,731 Shares of Ituran Location and Control Ltd. $ITRN

Boston Partners increased its stake in Ituran Location and Control Ltd. (NASDAQ:ITRN) by 67.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,796 shares of the industrial products company’s stock after acquiring an additional 4,731 shares during the period. Boston Partners’ holdings in Ituran Location and Control were worth $457,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Assetmark Inc. purchased a new stake in shares of Ituran Location and Control during the second quarter valued at approximately $37,000. Costello Asset Management INC bought a new stake in Ituran Location and Control during the 1st quarter valued at $40,000. AdvisorNet Financial Inc boosted its position in Ituran Location and Control by 148.9% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,120 shares of the industrial products company’s stock valued at $43,000 after buying an additional 670 shares during the period. Jones Financial Companies Lllp boosted its position in Ituran Location and Control by 327.2% during the 1st quarter. Jones Financial Companies Lllp now owns 1,226 shares of the industrial products company’s stock valued at $43,000 after buying an additional 939 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in Ituran Location and Control in the 1st quarter worth $54,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Ituran Location and Control Stock Down 1.1%

NASDAQ ITRN opened at $36.62 on Friday. The firm has a market capitalization of $728.37 million, a PE ratio of 13.13 and a beta of 0.88. The stock’s 50 day moving average is $36.62 and its 200 day moving average is $37.39. Ituran Location and Control Ltd. has a twelve month low of $26.50 and a twelve month high of $45.43.

Ituran Location and Control (NASDAQ:ITRN) last announced its quarterly earnings data on Tuesday, August 19th. The industrial products company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.06). Ituran Location and Control had a net margin of 16.35% and a return on equity of 28.24%. The firm had revenue of $86.79 million for the quarter, compared to analysts’ expectations of $89.17 million.

Ituran Location and Control Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Thursday, September 25th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, September 25th. This represents a $2.00 dividend on an annualized basis and a yield of 5.5%. Ituran Location and Control’s payout ratio is presently 71.68%.

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.