Vulcan Value Partners LLC Sells 62,305 Shares of Ituran Location and Control Ltd. $ITRN

Key Points

• Vulcan Value Partners trimmed its Ituran Location and Control stake by 10.3% in Q4, selling 62,305 shares but still holding 540,059 shares valued at about $23.4 million.
• Ituran posted stronger-than-expected results, reporting quarterly EPS of $0.85 versus the $0.80 consensus and revenue of $102.67 million above estimates, while also noting continued year-over-year growth.
• Analyst sentiment remains bullish, with a consensus rating of “Buy” and an average price target of $60.67; shares were trading near $63.87, close to the 52-week high of $66.44.

Vulcan Value Partners LLC decreased its position in Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) by 10.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 540,059 shares of the industrial products company's stock after selling 62,305 shares during the period. Vulcan Value Partners LLC's holdings in Ituran Location and Control were worth $23,430,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Global Retirement Partners LLC boosted its holdings in Ituran Location and Control by 50.1% in the fourth quarter. Global Retirement Partners LLC now owns 656 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 219 shares during the last quarter. Assetmark Inc. boosted its holdings in Ituran Location and Control by 14.0% in the fourth quarter. Assetmark Inc. now owns 1,950 shares of the industrial products company's stock valued at $84,000 after acquiring an additional 240 shares during the last quarter. Four Tree Island Advisory LLC boosted its holdings in Ituran Location and Control by 0.5% in the fourth quarter. Four Tree Island Advisory LLC now owns 60,806 shares of the industrial products company's stock valued at $2,615,000 after acquiring an additional 330 shares during the last quarter. Natixis Advisors LLC boosted its holdings in Ituran Location and Control by 2.8% in the third quarter. Natixis Advisors LLC now owns 12,054 shares of the industrial products company's stock valued at $431,000 after acquiring an additional 333 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Ituran Location and Control by 15.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,659 shares of the industrial products company's stock valued at $114,000 after acquiring an additional 353 shares during the last quarter. Institutional investors own 94.80% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ITRN. Weiss Ratings reissued a "buy (b)" rating on shares of Ituran Location and Control in a research note on Friday, March 27th. Wall Street Zen lowered Ituran Location and Control from a "strong-buy" rating to a "buy" rating in a research note on Monday. Loop Capital set a $57.00 target price on Ituran Location and Control in a research note on Monday, March 9th. Barclays increased their target price on Ituran Location and Control from $50.00 to $55.00 and gave the company an "overweight" rating in a research note on Thursday, March 5th. Finally, Maxim Group began coverage on Ituran Location and Control in a research note on Thursday, March 12th. They issued a "buy" rating and a $70.00 target price on the stock. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $60.67.

Ituran Location and Control Trading Up 4.0%

NASDAQ:ITRN opened at $63.87 on Thursday. Ituran Location and Control Ltd. has a 1-year low of $32.71 and a 1-year high of $66.44. The business's 50-day moving average price is $55.18 and its two-hundred day moving average price is $47.89. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 21.08 and a beta of 0.73.

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last released its earnings results on Tuesday, May 26th. The industrial products company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.05. Ituran Location and Control had a return on equity of 27.56% and a net margin of 16.03%.The firm had revenue of $102.67 million for the quarter, compared to analyst estimates of $95.32 million.

Ituran Location and Control Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 24th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.1%. Ituran Location and Control's dividend payout ratio (DPR) is currently 206.19%.

More Ituran Location and Control News

Here are the key news stories impacting Ituran Location and Control this week:

• Positive Sentiment: Ituran reported Q1 2026 EPS of $0.85, ahead of estimates, while revenue of $102.67 million also topped expectations; the company said revenue rose 19% year over year and subscription revenue increased 21%, signaling solid operating momentum. ITURAN PRESENTS FIRST QUARTER 2026 RESULTS
• Positive Sentiment: The company announced a quarterly cash dividend of $0.50 per share, totaling about $10 million, which reinforces its shareholder-friendly capital return strategy. ITURAN LOCATION AND CONTROL LTD Announces Dividend Distribution of $10 Million for the First Quarter of 2026
• Positive Sentiment: Management also expanded share buybacks and highlighted strong cash generation, with roughly $108 million in net cash, supporting the view that the balance sheet remains healthy. Why Ituran Location and Control (ITRN) Is Up 7.8% After Dividend Hike And Buyback Expansion
• Positive Sentiment: Investor commentary after the earnings release noted that Ituran’s subscriber base grew by 40,000 in the quarter, helped by OEM partnerships and new initiatives such as IturanMob and Big Data analytics, suggesting room for continued growth. Ituran's Strong Q1 Results Keep The Buy Case Alive

Ituran Location and Control Profile

Ituran Location and Control Ltd. is a provider of wireless vehicle tracking and stolen vehicle recovery services. The company leverages a combination of cellular and global positioning system (GPS) technologies to offer real-time monitoring and location-based solutions for private vehicle owners, fleet operators and insurance companies. Its core offerings include subscription-based tracking devices, centralized control centers and software platforms that enable clients to detect unauthorized vehicle use, dispatch recovery teams and manage fleet logistics.

Founded in 1994 in Israel, Ituran pioneered the use of wireless communications for security and telematics applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.