Delphi Management Inc. MA Has $1.26 Million Stock Holdings in Ituran Location and Control Ltd. $ITRN

Delphi Management Inc. MA decreased its holdings in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 27.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,774 shares of the industrial products company’s stock after selling 9,628 shares during the period. Ituran Location and Control comprises 1.5% of Delphi Management Inc. MA’s portfolio, making the stock its 14th biggest holding. Delphi Management Inc. MA owned about 0.13% of Ituran Location and Control worth $1,263,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ITRN. AdvisorNet Financial Inc grew its stake in shares of Ituran Location and Control by 36.0% in the 1st quarter. AdvisorNet Financial Inc now owns 2,489 shares of the industrial products company’s stock valued at $122,000 after purchasing an additional 659 shares during the period. Values First Advisors Inc. lifted its position in shares of Ituran Location and Control by 2.1% during the 1st quarter. Values First Advisors Inc. now owns 11,217 shares of the industrial products company’s stock worth $550,000 after buying an additional 234 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in shares of Ituran Location and Control by 257.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 629 shares of the industrial products company’s stock worth $27,000 after buying an additional 453 shares during the period. River Road Asset Management LLC boosted its stake in Ituran Location and Control by 0.3% in the 4th quarter. River Road Asset Management LLC now owns 410,105 shares of the industrial products company’s stock valued at $17,639,000 after buying an additional 1,370 shares in the last quarter. Finally, Mackenzie Financial Corp bought a new stake in Ituran Location and Control in the fourth quarter valued at $273,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. UBS Group reiterated a “buy” rating on shares of Ituran Location and Control in a research note on Wednesday, May 27th. Maxim Group began coverage on shares of 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. Barclays upped their target price on shares of Ituran Location and Control from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. Zacks Research upgraded shares of Ituran Location and Control to a “hold” rating in a research report on Thursday, May 28th. Finally, Wall Street Zen raised shares of Ituran Location and Control from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $60.67.

Ituran Location and Control Stock Performance

Shares of ITRN opened at $61.85 on Thursday. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 20.41 and a beta of 0.77. The business’s fifty day moving average price is $60.61 and its two-hundred day moving average price is $51.59. Ituran Location and Control Ltd. has a 52 week low of $32.71 and a 52 week high of $68.30.

Ituran Location and Control (NASDAQ:ITRN) last released its earnings results on Tuesday, May 26th. The industrial products company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.05. Ituran Location and Control had a return on equity of 27.70% and a net margin of 16.03%.The company had revenue of $102.67 million during the quarter, compared to the consensus estimate of $95.32 million. As a group, research analysts forecast that Ituran Location and Control Ltd. will post 3.5 EPS for the current year.

Ituran Location and Control Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 24th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, June 24th. Ituran Location and Control’s payout ratio is currently 198.02%.

About Ituran Location and Control

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.