Ituran Location and Control Ltd. (NASDAQ:ITRN) Shares Sold by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. trimmed its position in Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) by 35.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 149,078 shares of the industrial products company's stock after selling 81,381 shares during the quarter. Harel Insurance Investments & Financial Services Ltd. owned about 0.75% of Ituran Location and Control worth $5,465,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. D.A. Davidson & CO. acquired a new position in Ituran Location and Control in the 1st quarter valued at about $251,000. Teacher Retirement System of Texas acquired a new position in Ituran Location and Control in the 1st quarter valued at about $262,000. Total Wealth Planning & Management Inc. acquired a new position in Ituran Location and Control in the 1st quarter valued at about $1,216,000. Spirepoint Private Client LLC acquired a new position in Ituran Location and Control in the 1st quarter valued at about $297,000. Finally, CWA Asset Management Group LLC boosted its holdings in Ituran Location and Control by 18.0% in the 1st quarter. CWA Asset Management Group LLC now owns 14,990 shares of the industrial products company's stock valued at $542,000 after purchasing an additional 2,282 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Ituran Location and Control from a "strong-buy" rating to a "buy" rating in a research note on Saturday.

Ituran Location and Control Stock Performance

Shares of Ituran Location and Control stock traded down $0.67 on Monday, reaching $38.83. The company had a trading volume of 116,992 shares, compared to its average volume of 107,691. The firm's 50 day moving average price is $37.09 and its two-hundred day moving average price is $35.69. The firm has a market cap of $772.33 million, a PE ratio of 13.97 and a beta of 0.82. Ituran Location and Control Ltd. has a 52-week low of $24.17 and a 52-week high of $45.43.

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last announced its earnings results on Wednesday, May 28th. The industrial products company reported $0.73 earnings per share for the quarter, topping 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 the consensus estimate of $88.47 million.

Ituran Location and Control Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Investors 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 5.15%. The ex-dividend date of this dividend was Wednesday, June 18th. Ituran Location and Control's payout ratio is currently 71.94%.

Ituran Location and Control Company 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.