Aberdeen Asset Management PLC UK cut its stake in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 1.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 210,046 shares of the industrial products company’s stock after selling 3,100 shares during the quarter. Aberdeen Asset Management PLC UK owned approximately 1.00% of Ituran Location and Control worth $6,574,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wells Fargo & Company MN lifted its holdings in shares of Ituran Location and Control by 30.8% during the second quarter. Wells Fargo & Company MN now owns 4,579 shares of the industrial products company’s stock valued at $143,000 after acquiring an additional 1,078 shares during the period. Covey Capital Advisors LLC bought a new position in shares of Ituran Location and Control during the second quarter valued at $252,000. Sei Investments Co. bought a new position in shares of Ituran Location and Control during the second quarter valued at $754,000. Eagle Global Advisors LLC lifted its holdings in shares of Ituran Location and Control by 14.3% during the second quarter. Eagle Global Advisors LLC now owns 27,896 shares of the industrial products company’s stock valued at $873,000 after acquiring an additional 3,500 shares during the period. Finally, Rice Hall James & Associates LLC lifted its holdings in shares of Ituran Location and Control by 23.0% during the second quarter. Rice Hall James & Associates LLC now owns 134,755 shares of the industrial products company’s stock valued at $4,218,000 after acquiring an additional 25,194 shares during the period. 51.75% of the stock is owned by institutional investors.

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A number of brokerages have issued reports on ITRN. BidaskClub cut Ituran Location and Control from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Zacks Investment Research raised Ituran Location and Control from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Wednesday, September 6th.

Ituran Location and Control Ltd. (ITRN) opened at 33.95 on Friday. The company has a market capitalization of $711.86 million, a PE ratio of 17.46 and a beta of 0.80. Ituran Location and Control Ltd. has a one year low of $23.95 and a one year high of $36.95. The firm’s 50 day moving average price is $32.20 and its 200-day moving average price is $31.19.

Ituran Location and Control (NASDAQ:ITRN) last released its earnings results on Wednesday, August 16th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter. The company had revenue of $58.53 million for the quarter. Ituran Location and Control had a return on equity of 36.12% and a net margin of 18.67%. Equities analysts forecast that Ituran Location and Control Ltd. will post $1.74 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Tuesday, September 19th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Monday, September 18th. Ituran Location and Control’s dividend payout ratio (DPR) is currently 49.23%.

About Ituran Location and Control

Ituran Location and Control Ltd. is a provider of location-based services, consisting of stolen vehicle recovery (SVR), fleet management services and other tracking services. The Company also provides wireless communication products used in connection with its location-based services and various other applications.

Institutional Ownership by Quarter for Ituran Location and Control (NASDAQ:ITRN)

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