Sei Investments Co. Has $1.73 Million Stock Position in Ituran Location and Control Ltd. (NASDAQ:ITRN)

Sei Investments Co. decreased its position in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 15.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,191 shares of the industrial products company’s stock after selling 12,642 shares during the period. Sei Investments Co. owned 0.35% of Ituran Location and Control worth $1,730,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Acadian Asset Management LLC boosted its position in Ituran Location and Control by 21.3% during the second quarter. Acadian Asset Management LLC now owns 483,763 shares of the industrial products company’s stock valued at $11,884,000 after purchasing an additional 85,023 shares during the last quarter. Rice Hall James & Associates LLC lifted its position in shares of Ituran Location and Control by 8.2% in the second quarter. Rice Hall James & Associates LLC now owns 444,043 shares of the industrial products company’s stock worth $10,941,000 after buying an additional 33,593 shares during the last quarter. Inlet Private Wealth LLC lifted its position in shares of Ituran Location and Control by 3.7% in the second quarter. Inlet Private Wealth LLC now owns 141,900 shares of the industrial products company’s stock worth $3,496,000 after buying an additional 5,000 shares during the last quarter. ARK Investment Management LLC lifted its position in shares of Ituran Location and Control by 4.6% in the second quarter. ARK Investment Management LLC now owns 86,684 shares of the industrial products company’s stock worth $2,136,000 after buying an additional 3,791 shares during the last quarter. Finally, Strategic Global Advisors LLC lifted its position in shares of Ituran Location and Control by 37.6% in the fourth quarter. Strategic Global Advisors LLC now owns 78,394 shares of the industrial products company’s stock worth $2,135,000 after buying an additional 21,424 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Ituran Location and Control Price Performance

Shares of NASDAQ:ITRN opened at $26.23 on Friday. Ituran Location and Control Ltd. has a fifty-two week low of $24.01 and a fifty-two week high of $30.07. The business has a 50-day moving average of $27.14 and a two-hundred day moving average of $26.66. The stock has a market capitalization of $521.82 million, a P/E ratio of 10.49 and a beta of 1.14.

Ituran Location and Control (NASDAQ:ITRN) last announced its quarterly earnings results on Monday, August 19th. The industrial products company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.05. Ituran Location and Control had a return on equity of 28.43% and a net margin of 15.42%. The company had revenue of $84.87 million during the quarter.

Ituran Location and Control Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 26th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.95%. Ituran Location and Control’s payout ratio is presently 62.40%.

Ituran Location and Control Profile

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.