SC 13G/A: Ituran Location & Control Ltd.
Ticker: ITRN · Form: SC 13G/A · Filed: Oct 2, 2024 · CIK: 1337117
Sentiment: neutral
Topics: sc-13g-a
AI Summary
SC 13G/A filing by Ituran Location & Control Ltd..
Risk Assessment
Risk Level: low
Filing Stats: 1,334 words · 5 min read · ~4 pages · Grade level 8.6 · Accepted 2024-10-02 12:06:27
Filing Documents
- vvp_itrn093024.htm (SC 13G/A) — 46KB
- 0001556785-24-000018.txt ( ) — 48KB
If this Statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person
Item 3. If this Statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: (e) [X] An investment adviser registered under Section 203 of the Investment Advisers Act of 1940. 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 (g) [X] Parent Holding Company or Control Person. 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 17,840 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. Vulcan Value Partners, LLC exercises voting and dispositive power over such account. Mr. Fitzpatrick and/or members of his immediate family may also hold shares of the registered investment companies to which Vulcan Value Partners, LLC serves as investment adviser, which may hold shares of the securities covered by this statement. As permitted by Rule 13d-4, the filing of this statement shall not be construed as an admission that Mr. Fitzpatrick is the beneficial owner of any of the securities covered by this statement.
Ownership
Item 4. Ownership. (a) Amount Beneficially Owned: 1,219,621 (b) Percent of Class: 6.13% (c) Number of Shares as to Which Such Person has: (i) Sole Power to Vote or Direct the Vote. 1,219,621 (ii) Shared Power to Vote or to Direct the Vote. 0 (iii) Sole Power to Dispose or to Direct the Disposition of. 1,219,621 (iv) Shared Power to Dispose or to Direct the Disposition of. 0
Ownership of Five Percent (5%) or Less of a Class
Item 5. Ownership of Five Percent (5%) or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [_]
Ownership of More than Five Percent (5%) on Behalf of Another Person
Item 6. Ownership of More than Five Percent (5%) on Behalf of Another Person. Various persons, including the investment companies and owners of the separate accounts to which Vulcan Value Partners, LLC ("Vulcan") serves as investment adviser, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities that are the subject of this schedule. Except as may be otherwise indicated if this is a joint filing, not more than 5% of the class of securities that is the subject of this schedule is owned by any one client advised by Vulcan.
Identification and Classification of the Subsidiary which Acquired the Security being Reported on by
Item 7. Identification and Classification of the Subsidiary which Acquired the Security being Reported on by the Parent Holding Company. Not Applicable.
Identification and Classification of Members of the Group
Item 8. Identification and Classification of Members of the Group. Not Applicable.
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group. Not Applicable.
Certifications
Item 10. Certifications. 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. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 13, 2024 Date Vulcan Value Partners, LLC By : /s/ Joshua Jones Name : Joshua Jones Title : Chief Compliance Officer Filing on behalf of C.T. Fitzpatrick, Individually Joint Filing Agreement In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, the persons or entities named below agree to the joint filing on behalf of each of them of this Schedule 13G/A with respect to the Securities of the Issuer and further agree that this joint filing agreement be included as an exhibit to this Schedule 13G/A. In evidence thereof, the undersigned hereby execute this Agreement as of February 14, 2023. Vulcan Value Partners, LLC By : /s/ Joshua Jones Name : Joshua Jones Title : Chief Compliance Officer Filing on behalf of C.T. Fitzpatrick, Individually