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

Delphi Management Inc. MA trimmed its holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) by 30.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,087 shares of the industrial products company's stock after selling 16,989 shares during the quarter. Ituran Location and Control accounts for 1.4% of Delphi Management Inc. MA's portfolio, making the stock its 24th largest holding. Delphi Management Inc. MA owned approximately 0.19% of Ituran Location and Control worth $1,377,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. R Squared Ltd bought a new position in Ituran Location and Control in the fourth quarter worth $117,000. Van ECK Associates Corp lifted its holdings in shares of Ituran Location and Control by 11.3% during the fourth quarter. Van ECK Associates Corp now owns 3,871 shares of the industrial products company's stock valued at $121,000 after acquiring an additional 392 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Ituran Location and Control during the fourth quarter valued at $178,000. State of New Jersey Common Pension Fund D bought a new position in shares of Ituran Location and Control during the fourth quarter valued at $207,000. Finally, Atria Investments Inc bought a new position in shares of Ituran Location and Control during the fourth quarter valued at $209,000. 94.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Wall Street Zen cut Ituran Location and Control from a "strong-buy" rating to a "buy" rating in a report on Friday. Barclays boosted their target price 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 Stock Up 2.9%

Shares of ITRN stock traded up $1.10 during trading on Monday, reaching $39.18. 156,651 shares of the company's stock were exchanged, compared to its average volume of 102,674. The firm's fifty day moving average price is $35.47 and its 200-day moving average price is $34.39. Ituran Location and Control Ltd. has a twelve month low of $24.12 and a twelve month high of $45.43. The stock has a market capitalization of $779.45 million, a PE ratio of 15.01 and a beta of 0.80.

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 (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.03. Ituran Location and Control had a return on equity of 28.31% and a net margin of 15.65%. The company had revenue of $86.46 million for the quarter, compared to analyst estimates of $88.47 million.

Ituran Location and Control Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th will be paid a $0.50 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $2.00 annualized dividend and a dividend yield of 5.10%. Ituran Location and Control's payout ratio is 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.