Four Tree Island Advisory LLC Increases Stock Position in Ituran Location and Control Ltd. (NASDAQ:ITRN)

Four Tree Island Advisory LLC raised its holdings in shares of 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 Securities & Exchange Commission. The institutional investor owned 57,198 shares of the industrial products company's stock after buying an additional 27,665 shares during the quarter. Ituran Location and Control comprises about 1.5% of Four Tree Island Advisory LLC's portfolio, making the stock its 12th biggest holding. Four Tree Island Advisory LLC owned approximately 0.29% of Ituran Location and Control worth $2,068,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Arrowstreet Capital Limited Partnership grew its holdings in shares of Ituran Location and Control by 26.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 274,562 shares of the industrial products company's stock worth $8,553,000 after buying an additional 56,956 shares in the last quarter. Aristides Capital LLC grew its holdings in shares of Ituran Location and Control by 26.5% during the fourth quarter. Aristides Capital LLC now owns 233,190 shares of the industrial products company's stock worth $7,264,000 after buying an additional 48,850 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Ituran Location and Control by 8.8% in the fourth quarter. Millennium Management LLC now owns 228,537 shares of the industrial products company's stock valued at $7,119,000 after purchasing an additional 18,563 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Ituran Location and Control in the fourth quarter valued at about $2,718,000. Finally, Segall Bryant & Hamill LLC grew its holdings in shares of Ituran Location and Control by 1.3% in the first quarter. Segall Bryant & Hamill LLC now owns 76,000 shares of the industrial products company's stock valued at $2,748,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.

Ituran Location and Control Price Performance

Shares of ITRN traded up $0.74 during mid-day trading on Thursday, reaching $40.91. The stock had a trading volume of 67,046 shares, compared to its average volume of 136,555. Ituran Location and Control Ltd. has a 52-week low of $25.09 and a 52-week high of $45.43. The business's fifty day moving average is $37.87 and its 200 day moving average is $36.31. The firm has a market cap of $813.86 million, a price-to-earnings ratio of 14.72 and a beta of 0.82.

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.03. The firm had revenue of $86.46 million during the quarter, compared to analyst estimates of $88.47 million. Ituran Location and Control had a net margin of 16.35% and a return on equity of 29.19%.

Ituran Location and Control Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.89%. 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 lowered shares of Ituran Location and Control from a "strong-buy" rating to a "buy" rating in a 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.