Four Tree Island Advisory LLC Buys 27,665 Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN)

Four Tree Island Advisory LLC boosted its holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) by 93.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,198 shares of the industrial products company's stock after purchasing an additional 27,665 shares during the period. Ituran Location and Control comprises 1.5% of Four Tree Island Advisory LLC's portfolio, making the stock its 12th largest position. Four Tree Island Advisory LLC owned 0.29% of Ituran Location and Control worth $2,068,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ITRN. Arrowstreet Capital Limited Partnership boosted its stake in shares of Ituran Location and Control by 26.2% during 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 in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Ituran Location and Control during the 1st quarter worth $262,000. Millennium Management LLC boosted its stake in shares of Ituran Location and Control by 8.8% during the 4th quarter. Millennium Management LLC now owns 228,537 shares of the industrial products company's stock worth $7,119,000 after acquiring an additional 18,563 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of Ituran Location and Control by 61.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 12,248 shares of the industrial products company's stock worth $382,000 after acquiring an additional 4,648 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Ituran Location and Control by 147.5% during the 4th quarter. Bank of America Corp DE now owns 8,707 shares of the industrial products company's stock worth $271,000 after acquiring an additional 5,189 shares in the last quarter. Institutional investors own 94.80% of the company's stock.

Ituran Location and Control Trading Down 0.8%

NASDAQ ITRN traded down $0.33 during trading on Friday, hitting $40.54. 31,420 shares of the company traded hands, compared to its average volume of 136,028. Ituran Location and Control Ltd. has a 12 month low of $25.09 and a 12 month high of $45.43. The business has a fifty day simple moving average of $37.93 and a 200 day simple moving average of $36.38. The company has a market capitalization of $806.34 million, a P/E ratio of 14.58 and a beta of 0.82.

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The industrial products company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.03. The business 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 29.19% and a net margin of 16.35%.

Ituran Location and Control Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Investors 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 yield of 4.93%. The ex-dividend date was Wednesday, June 18th. Ituran Location and Control's dividend payout ratio (DPR) is presently 71.94%.

Analyst Upgrades and Downgrades

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

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.