44,157 Shares of Ituran Location and Control Ltd. $ITRN Bought by Asset One Wealth Management LLC

Key Points

• Asset One Wealth Management opened a position in Ituran Location and Control, buying 44,157 shares worth about $2.26 million, or 0.22% of the company. Institutional investors collectively own 94.8% of its shares.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $60.67. The stock recently opened at $49.76.
• Ituran reported quarterly EPS of $0.88, slightly above estimates, and revenue of $104.79 million, also ahead of forecasts. Its quarterly dividend of $0.50 per share equates to a 4.0% annualized yield.

Asset One Wealth Management LLC bought a new position in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 44,157 shares of the industrial products company's stock, valued at approximately $2,262,000. Asset One Wealth Management LLC owned 0.22% of Ituran Location and Control at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ITRN. Copeland Capital Management LLC boosted its holdings in Ituran Location and Control by 31.2% in the 3rd quarter. Copeland Capital Management LLC now owns 1,847 shares of the industrial products company's stock worth $95,000 after buying an additional 439 shares during the last quarter. State of Wyoming acquired a new stake in shares of Ituran Location and Control in the third quarter worth $123,000. Entropy Technologies LP bought a new position in Ituran Location and Control during the first quarter worth about $204,000. Baron Wealth Management LLC acquired a new stake in Ituran Location and Control during the 2nd quarter worth $221,000. Finally, Pictet Asset Management Holding SA bought a new stake in shares of Ituran Location and Control in the 1st quarter valued at about $225,000. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wall Street Zen lowered Ituran Location and Control from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Weiss Ratings cut Ituran Location and Control from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, September 22nd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Ituran Location and Control presently has an average rating of "Moderate Buy" and a consensus price target of $60.67.

Ituran Location and Control Stock Down 0.3%

Shares of NASDAQ:ITRN opened at $49.76 on Friday. The business has a fifty day moving average of $51.58 and a two-hundred day moving average of $53.64. The stock has a market cap of $989.73 million, a P/E ratio of 16.11 and a beta of 0.79. Ituran Location and Control Ltd. has a 52-week low of $35.22 and a 52-week high of $68.30.

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last announced its earnings results on Wednesday, August 12th. The industrial products company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.87 by $0.01. Ituran Location and Control had a return on equity of 29.03% and a net margin of 16.28%. The business had revenue of $104.79 million for the quarter, compared to the consensus estimate of $99.84 million. On average, equities analysts anticipate that Ituran Location and Control Ltd. will post 3.54 earnings per share for the current year.

Ituran Location and Control Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Tuesday, September 29th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, September 29th. This represents a $2.00 dividend on an annualized basis and a yield of 4.0%. Ituran Location and Control's dividend payout ratio (DPR) is presently 61.73%.

Ituran Location and Control Profile

Ituran Location and Control Ltd. is an Israel-based provider of vehicle location, tracking and control services. The company develops and operates solutions designed to help recover stolen vehicles, monitor vehicle locations and improve the safety, security and management of automobiles and other mobile assets.

Its offerings include stolen-vehicle recovery systems, GPS and cellular tracking devices, fleet-management tools, telematics services and related subscription-based monitoring services.

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