Foundations Investment Advisors LLC increased its stake in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) by 130.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,667 shares of the industrial products company's stock after buying an additional 9,442 shares during the quarter. Foundations Investment Advisors LLC owned 0.08% of Ituran Location and Control worth $603,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. bought a new position in Ituran Location and Control in the 1st quarter valued at $54,000. Point72 Asset Management L.P. bought a new position in Ituran Location and Control in the 4th quarter valued at $178,000. Balyasny Asset Management L.P. bought a new position in Ituran Location and Control in the 4th quarter valued at $223,000. GeoWealth Management LLC grew its stake in Ituran Location and Control by 7,556.8% in the 4th quarter. GeoWealth Management LLC now owns 7,274 shares of the industrial products company's stock valued at $227,000 after purchasing an additional 7,179 shares during the period. Finally, Thrivent Financial for Lutherans bought a new position in Ituran Location and Control in the 4th quarter valued at $229,000. Institutional investors own 94.80% of the company's stock.
Ituran Location and Control Price Performance
Shares of NASDAQ ITRN traded down $0.79 during trading on Friday, reaching $38.71. 63,690 shares of the stock traded hands, compared to its average volume of 75,992. Ituran Location and Control Ltd. has a 52-week low of $25.09 and a 52-week high of $45.43. The company has a 50-day moving average of $38.22 and a 200-day moving average of $36.71. The stock has a market capitalization of $770.10 million, a P/E ratio of 13.92 and a beta of 0.82.
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 EPS for the quarter, beating 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 firm had revenue of $86.46 million for the quarter, compared to analysts' expectations 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 given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Wednesday, June 18th. Ituran Location and Control's dividend payout ratio is currently 71.94%.
Wall Street Analyst Weigh In
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.
Get Our Latest Stock Report on ITRN
About Ituran Location and Control
(
Free Report)
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.
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