SCHEDULE 13G/A: Vulcan Value Partners Maintains 4.00% Passive Stake in Ituran Location and Control

Vulcan Value Partners, LLC has filed an updated Schedule 13G, reporting a 4.00% beneficial ownership stake in Ituran Location and Control LTD as of February 28, 2025.

Summary

• Vulcan Value Partners, LLC, a Delaware-based investment adviser, reported beneficial ownership of 795,275 shares of Ituran Location and Control LTD common stock.
• This ownership represents 4.00% of the total class of securities.
• The filing is an Amendment No. 125 to a Schedule 13G, indicating a routine update to a previously disclosed passive investment.
• Vulcan Value Partners, LLC holds sole voting power and sole dispositive power over all 795,275 shares.
• The securities are legally owned by Vulcan Value Partners, LLC's investment advisory clients, and not directly by Vulcan Value Partners, LLC itself.
• C.T. Fitzpatrick, Chief Investment Officer/Principal of Vulcan Value Partners, LLC, is also listed as a reporting person, disclaiming control, but notes personal ownership of 15,091 shares in a managed account.
• The reporting persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. The filing confirms continued passive institutional investment, which is generally a positive sign of confidence, but provides no new operational or financial insights about the issuer.

Positives

• A reputable investment adviser, Vulcan Value Partners, LLC, continues to hold a significant passive stake in Ituran Location and Control LTD, which can be viewed as a sign of ongoing institutional confidence in the company.

Risks

• The filing explicitly states that the existence of control by C.T. Fitzpatrick over Vulcan Value Partners, LLC is expressly disclaimed, mitigating potential concerns about undue influence.

Future Outlook

This Schedule 13G filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the issuer's future performance or outlook.

Management Comments

• "This statement is being filed by Vulcan Value Partners, LLC as a registered investment adviser. All of the securities covered by this report are owned legally by Vulcan Value Partners, LLC's investment advisory clients and none are owned directly or indirectly by Vulcan Value Partners, LLC."
• "As permitted by Rule 13d-4, the filing of this statement shall not be construed as an admission that Vulcan Value Partners, LLC is the beneficial owner of any of the securities covered by this statement."
• "This statement is also being filed by Mr. C. T. Fitzpatrick, Chief Investment Officer/Principal of Vulcan Value Partners, LLC in the event that he could be deemed to be a controlling person of that firm as the result of his official positions with or ownership of its voting securities. The existence of such control is expressly disclaimed."
• "Mr. Fitzpatrick and/or members of his immediate family own 15,091 shares of the securities covered by this statement for his or their own accounts, in a managed account over which Vulcan Value Partners, LLC serves as the investment adviser."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing is a routine disclosure of passive institutional ownership, common for publicly traded companies. It indicates continued interest from a significant investment adviser in Ituran Location and Control LTD, aligning with typical institutional investment patterns in the market.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake and confirms the passive nature of the investment, which can reassure investors about the absence of an activist intent from this holder.

Key Dates

Keywords

Ituran Location and Control, Vulcan Value Partners, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, Passive Investment, M6158M104