Delphi Management Inc. MA Has $1.38 Million Stock Position in Ituran Location and Control Ltd. (NASDAQ:ITRN)

Delphi Management Inc. MA lowered its position in Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) by 30.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,087 shares of the industrial products company's stock after selling 16,989 shares during the period. Ituran Location and Control comprises 1.4% of Delphi Management Inc. MA's holdings, making the stock its 24th largest position. Delphi Management Inc. MA owned 0.19% of Ituran Location and Control worth $1,377,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. R Squared Ltd bought a new stake in shares of Ituran Location and Control in the fourth quarter worth $117,000. Van ECK Associates Corp boosted its stake in shares of Ituran Location and Control by 11.3% during the 4th quarter. Van ECK Associates Corp now owns 3,871 shares of the industrial products company's stock worth $121,000 after buying an additional 392 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Ituran Location and Control in the 4th quarter valued at about $178,000. State of New Jersey Common Pension Fund D bought a new stake in Ituran Location and Control during the fourth quarter worth about $207,000. Finally, Atria Investments Inc acquired a new position in Ituran Location and Control during the fourth quarter valued at approximately $209,000. Institutional investors own 94.80% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ITRN shares. Wall Street Zen cut Ituran Location and Control from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 30th. Barclays increased their price objective on Ituran Location and Control from $35.00 to $50.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th.

Ituran Location and Control Price Performance

NASDAQ:ITRN traded down $1.12 during mid-day trading on Wednesday, reaching $38.13. The stock had a trading volume of 64,342 shares, compared to its average volume of 102,675. Ituran Location and Control Ltd. has a 12 month low of $24.12 and a 12 month high of $45.43. The stock has a market capitalization of $758.56 million, a PE ratio of 14.61 and a beta of 0.80. The stock has a 50-day simple moving average of $35.52 and a two-hundred day simple moving average of $34.42.

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.03. The company had revenue of $86.46 million for the quarter, compared to analyst estimates of $88.47 million. Ituran Location and Control had a return on equity of 28.31% and a net margin of 15.65%.

Ituran Location and Control Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 18th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $2.00 annualized dividend and a yield of 5.25%. Ituran Location and Control's payout ratio is 71.94%.

Ituran Location and Control Company 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.