Rice Hall James & Associates LLC Lowers Stock Holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN)

Rice Hall James & Associates LLC reduced its position in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 507,552 shares of the industrial products company’s stock after selling 9,147 shares during the period. Rice Hall James & Associates LLC owned about 2.55% of Ituran Location and Control worth $15,810,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of ITRN. Four Tree Island Advisory LLC purchased a new position in shares of Ituran Location and Control during the fourth quarter worth $920,000. HighTower Advisors LLC acquired a new stake in shares of Ituran Location and Control in the third quarter valued at $767,000. Assenagon Asset Management S.A. acquired a new stake in shares of Ituran Location and Control in the fourth quarter valued at $835,000. Segall Bryant & Hamill LLC raised its stake in shares of Ituran Location and Control by 43.6% in the third quarter. Segall Bryant & Hamill LLC now owns 84,600 shares of the industrial products company’s stock valued at $2,245,000 after acquiring an additional 25,700 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Ituran Location and Control by 77.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,634 shares of the industrial products company’s stock valued at $1,185,000 after acquiring an additional 19,514 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Ituran Location and Control Trading Up 2.9 %

Shares of NASDAQ ITRN opened at $35.58 on Tuesday. The stock has a market cap of $707.69 million, a P/E ratio of 13.63 and a beta of 1.15. Ituran Location and Control Ltd. has a 12-month low of $24.12 and a 12-month high of $36.09. The business’s fifty day simple moving average is $32.29 and its 200-day simple moving average is $29.25.

Ituran Location and Control (NASDAQ:ITRN) last announced its quarterly earnings data on Thursday, November 21st. The industrial products company reported $0.69 earnings per share (EPS) for the quarter. Ituran Location and Control had a return on equity of 28.31% and a net margin of 15.65%.

Ituran Location and Control Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date was Monday, December 23rd. Ituran Location and Control’s dividend payout ratio is presently 59.77%.

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.