O Shaughnessy Asset Management LLC Reduces Stock Holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN)

O Shaughnessy Asset Management LLC lessened its stake in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 6.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 26,797 shares of the industrial products company’s stock after selling 1,909 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Ituran Location and Control were worth $835,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ITRN. Arrowstreet Capital Limited Partnership raised its stake in Ituran Location and Control by 26.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 274,562 shares of the industrial products company’s stock worth $8,553,000 after acquiring an additional 56,956 shares in the last quarter. Seizert Capital Partners LLC increased its position in shares of Ituran Location and Control by 32.3% during the fourth quarter. Seizert Capital Partners LLC now owns 158,204 shares of the industrial products company’s stock worth $4,928,000 after purchasing an additional 38,652 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Ituran Location and Control in the 4th quarter valued at about $2,718,000. Delphi Management Inc. MA boosted its position in shares of Ituran Location and Control by 12.3% in the 4th quarter. Delphi Management Inc. MA now owns 55,076 shares of the industrial products company’s stock valued at $1,716,000 after purchasing an additional 6,015 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Ituran Location and Control by 11.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 49,854 shares of the industrial products company’s stock worth $1,553,000 after buying an additional 5,220 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Ituran Location and Control Stock Performance

Shares of Ituran Location and Control stock opened at $31.95 on Tuesday. The company has a market capitalization of $635.61 million, a P/E ratio of 12.24 and a beta of 0.90. Ituran Location and Control Ltd. has a 1 year low of $24.12 and a 1 year high of $45.43. The company’s fifty day moving average is $36.99 and its two-hundred day moving average is $31.91.

Ituran Location and Control (NASDAQ:ITRN) last released its quarterly earnings results on Wednesday, February 26th. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. The firm had revenue of $82.88 million for the quarter, compared to analyst estimates of $81.81 million. Ituran Location and Control had a return on equity of 28.31% and a net margin of 15.65%.

Ituran Location and Control Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 6.26%. The ex-dividend date was Thursday, March 20th. This is a boost from Ituran Location and Control’s previous quarterly dividend of $0.39. Ituran Location and Control’s dividend payout ratio is 73.80%.

Analyst Upgrades and Downgrades

Separately, Barclays boosted their price objective on Ituran Location and Control from $35.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th.

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.