CSM Advisors LLC Has $4.48 Million Position in Ituran Location and Control Ltd. $ITRN

CSM Advisors LLC lifted its holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN) by 30.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 125,435 shares of the industrial products company’s stock after buying an additional 29,090 shares during the period. CSM Advisors LLC owned about 0.63% of Ituran Location and Control worth $4,480,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ITRN. Lazard Asset Management LLC lifted its stake in Ituran Location and Control by 9.1% in the 3rd quarter. Lazard Asset Management LLC now owns 65,016 shares of the industrial products company’s stock worth $2,322,000 after acquiring an additional 5,409 shares in the last quarter. Ancora Advisors LLC grew its stake in Ituran Location and Control by 208.0% during the 3rd quarter. Ancora Advisors LLC now owns 18,467 shares of the industrial products company’s stock valued at $660,000 after acquiring an additional 12,472 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of Ituran Location and Control by 32.1% in the 3rd quarter. Raymond James Financial Inc. now owns 159,200 shares of the industrial products company’s stock valued at $5,687,000 after purchasing an additional 38,655 shares during the period. California State Teachers Retirement System increased its holdings in shares of Ituran Location and Control by 9.6% in the 3rd quarter. California State Teachers Retirement System now owns 17,500 shares of the industrial products company’s stock valued at $625,000 after purchasing an additional 1,530 shares during the period. Finally, Boston Partners lifted its position in shares of Ituran Location and Control by 22.7% in the third quarter. Boston Partners now owns 14,475 shares of the industrial products company’s stock worth $517,000 after purchasing an additional 2,679 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Ituran Location and Control Stock Up 0.5%

ITRN stock opened at $49.70 on Monday. The firm has a 50 day moving average of $46.36 and a two-hundred day moving average of $41.08. Ituran Location and Control Ltd. has a 12 month low of $30.06 and a 12 month high of $51.33. The company has a market capitalization of $988.53 million, a price-to-earnings ratio of 17.08 and a beta of 0.68.

Ituran Location and Control (NASDAQ:ITRN) last released its quarterly earnings results on Thursday, March 5th. The industrial products company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.01. The business had revenue of $93.50 million for the quarter, compared to the consensus estimate of $93.30 million. Ituran Location and Control had a net margin of 16.15% and a return on equity of 27.27%.

Ituran Location and Control Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Monday, March 30th will be given a $1.50 dividend. This is an increase from Ituran Location and Control’s previous quarterly dividend of $0.50. This represents a $6.00 dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date of this dividend is Monday, March 30th. Ituran Location and Control’s payout ratio is presently 68.73%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ITRN. Maxim Group began coverage on shares of Ituran Location and Control in a report on Thursday. They set a “buy” rating and a $70.00 price target for the company. Barclays lifted their target price on shares of 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. Weiss Ratings restated a “buy (b)” rating on shares of Ituran Location and Control in a report on Monday, December 29th. Loop Capital set a $57.00 price objective on Ituran Location and Control in a report on Monday, March 9th. Finally, Wall Street Zen raised Ituran Location and Control from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $60.67.

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.