Ituran Location and Control Ltd. (NASDAQ:ITRN) Shares Sold by River Road Asset Management LLC

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

A number of other hedge funds and other institutional investors have also made changes to their positions in ITRN. Macquarie Group Ltd. acquired a new position in shares of Ituran Location and Control in the fourth quarter worth about $35,000. Qube Research & Technologies Ltd bought a new position in shares of Ituran Location and Control during the third quarter valued at approximately $69,000. PNC Financial Services Group Inc. grew its holdings in shares of Ituran Location and Control by 11,714.3% during the first quarter. PNC Financial Services Group Inc. now owns 3,308 shares of the industrial products company's stock valued at $77,000 after purchasing an additional 3,280 shares during the last quarter. Bank of America Corp DE grew its holdings in 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 buying an additional 1,758 shares in the last quarter. Finally, Barclays PLC grew its holdings in 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 buying an additional 4,732 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Ituran Location and Control Price Performance

Shares of NASDAQ:ITRN traded down $0.23 on Thursday, reaching $25.02. 57,663 shares of the company traded hands, compared to its average volume of 55,654. Ituran Location and Control Ltd. has a fifty-two week low of $20.35 and a fifty-two week high of $31.01. The company's 50 day moving average is $26.90 and its 200-day moving average is $26.49. The stock has a market capitalization of $497.65 million, a PE ratio of 10.52 and a beta of 1.17.

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

Ituran Location and Control Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 20th were given a dividend of $0.39 per share. This is a boost from Ituran Location and Control's previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, March 19th. This represents a $1.56 annualized dividend and a dividend yield of 6.24%. Ituran Location and Control's payout ratio is presently 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.