Foundations Investment Advisors LLC Has $603,000 Holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN)

Key Points

• Foundations Investment Advisors LLC increased its stake in Ituran Location and Control Ltd. by 130.7% in the first quarter, owning 16,667 shares worth approximately $603,000.
• Ituran Location and Control recently reported a quarterly EPS of $0.73, surpassing analysts' expectations, while experiencing a revenue of $86.46 million, below the forecast of $88.47 million.
• The company declared a quarterly dividend of $0.50 per share, resulting in a 5.2% dividend yield, and has a current dividend payout ratio of 71.94%.

Foundations Investment Advisors LLC boosted its stake in Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) by 130.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,667 shares of the industrial products company's stock after acquiring an additional 9,442 shares during the period. Foundations Investment Advisors LLC owned 0.08% of Ituran Location and Control worth $603,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ITRN. Raymond James Financial Inc. acquired a new stake in shares of Ituran Location and Control in the 4th quarter worth about $2,718,000. Alliancebernstein L.P. acquired a new stake in shares of Ituran Location and Control in the 4th quarter worth about $2,329,000. ARK Investment Management LLC acquired a new stake in shares of Ituran Location and Control in the 1st quarter worth about $2,131,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Ituran Location and Control by 26.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 274,562 shares of the industrial products company's stock worth $8,553,000 after acquiring an additional 56,956 shares during the period. Finally, Aristides Capital LLC increased its holdings in shares of Ituran Location and Control by 26.5% in the 4th quarter. Aristides Capital LLC now owns 233,190 shares of the industrial products company's stock worth $7,264,000 after acquiring an additional 48,850 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Ituran Location and Control Stock Performance

Shares of NASDAQ:ITRN traded up $0.87 during trading hours on Monday, hitting $39.58. 20,648 shares of the company's stock traded hands, compared to its average volume of 133,949. 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 market cap of $787.15 million, a price-to-earnings ratio of 14.24 and a beta of 0.89. The company's fifty day simple moving average is $38.22 and its two-hundred day simple moving average is $36.76.

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The industrial products company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.03. Ituran Location and Control had a net margin of 16.35% and a return on equity of 29.19%. The firm 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 disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th were paid a $0.50 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $2.00 annualized dividend and a dividend yield of 5.1%. Ituran Location and Control's dividend payout ratio (DPR) is presently 71.94%.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Ituran Location and Control from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 5th.

About Ituran Location and Control

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.