River Road Asset Management LLC Sells 266,748 Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN)

River Road Asset Management LLC lowered its holdings in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 34.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 504,598 shares of the industrial products company’s stock after selling 266,748 shares during the quarter. River Road Asset Management LLC owned 2.54% of Ituran Location and Control worth $13,745,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Macquarie Group Ltd. bought a new position in Ituran Location and Control during the fourth quarter valued at $35,000. Qube Research & Technologies Ltd bought a new stake in shares of Ituran Location and Control in the 3rd quarter worth about $69,000. PNC Financial Services Group Inc. lifted its holdings in shares of Ituran Location and Control by 11,714.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,308 shares of the industrial products company’s stock worth $77,000 after acquiring an additional 3,280 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Ituran Location and Control by 45.8% in the 4th quarter. Bank of America Corp DE now owns 5,598 shares of the industrial products company’s stock worth $118,000 after acquiring an additional 1,758 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Ituran Location and Control by 1,022.0% in the 2nd quarter. Barclays PLC now owns 5,195 shares of the industrial products company’s stock worth $121,000 after acquiring an additional 4,732 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Ituran Location and Control Trading Down 3.6 %

Ituran Location and Control stock opened at $25.25 on Thursday. The firm has a 50-day moving average price of $26.90 and a 200-day moving average price of $26.49. The firm has a market capitalization of $502.22 million, a PE ratio of 10.52 and a beta of 1.17. Ituran Location and Control Ltd. has a 12-month low of $20.35 and a 12-month high of $31.01.

Ituran Location and Control (NASDAQ:ITRN) last released its earnings results on Thursday, February 29th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter. The firm had revenue of $77.81 million during the quarter. Ituran Location and Control had a net margin of 15.04% and a return on equity of 28.61%.

Ituran Location and Control Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 20th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 6.18%. The ex-dividend date was Tuesday, March 19th. This is an increase from Ituran Location and Control’s previous quarterly dividend of $0.24. Ituran Location and Control’s dividend payout ratio (DPR) is currently 65.00%.

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.