D.A. Davidson & CO. Acquires New Holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN)

D.A. Davidson & CO. acquired a new position in Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,944 shares of the industrial products company's stock, valued at approximately $251,000.

Other institutional investors have also recently made changes to their positions in the company. California State Teachers Retirement System boosted its stake in Ituran Location and Control by 3.6% in the 4th quarter. California State Teachers Retirement System now owns 15,161 shares of the industrial products company's stock worth $472,000 after purchasing an additional 532 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Ituran Location and Control by 7.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 29,629 shares of the industrial products company's stock worth $923,000 after purchasing an additional 2,075 shares during the period. XTX Topco Ltd boosted its stake in Ituran Location and Control by 10.5% in the 4th quarter. XTX Topco Ltd now owns 22,256 shares of the industrial products company's stock worth $693,000 after purchasing an additional 2,106 shares during the period. HighTower Advisors LLC boosted its stake in Ituran Location and Control by 7.8% in the 4th quarter. HighTower Advisors LLC now owns 31,061 shares of the industrial products company's stock worth $968,000 after purchasing an additional 2,249 shares during the period. Finally, CWA Asset Management Group LLC boosted its stake in Ituran Location and Control by 18.0% in the 1st quarter. CWA Asset Management Group LLC now owns 14,990 shares of the industrial products company's stock worth $542,000 after purchasing an additional 2,282 shares during the period. Institutional investors own 94.80% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Ituran Location and Control from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 5th.

Ituran Location and Control Trading Down 1.7%

NASDAQ:ITRN traded down $0.65 during midday trading on Tuesday, hitting $38.67. 103,370 shares of the company traded hands, compared to its average volume of 108,389. The firm's fifty day moving average is $37.42 and its 200-day moving average is $35.94. Ituran Location and Control Ltd. has a 12-month low of $24.92 and a 12-month high of $45.43. The firm has a market capitalization of $769.22 million, a P/E ratio of 13.91 and a beta of 0.82.

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last released its earnings results on Wednesday, May 28th. The industrial products company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.03. Ituran Location and Control had a return on equity of 29.19% and a net margin of 16.35%. The business had revenue of $86.46 million for the quarter, compared to analyst estimates of $88.47 million.

Ituran Location and Control Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $2.00 annualized dividend and a dividend yield of 5.17%. Ituran Location and Control's dividend payout ratio is currently 71.94%.

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.