Harel Insurance Investments & Financial Services Ltd. Has $5.47 Million Stake in Ituran Location and Control Ltd. (NASDAQ:ITRN)

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

Several other large investors have also made changes to their positions in ITRN. Atria Investments Inc bought a new position in Ituran Location and Control during the fourth quarter valued at about $209,000. Raymond James Financial Inc. bought a new stake in shares of Ituran Location and Control in the 4th quarter valued at approximately $2,718,000. Inceptionr LLC bought a new stake in shares of Ituran Location and Control in the 4th quarter valued at approximately $230,000. HighTower Advisors LLC grew its stake in shares of Ituran Location and Control by 7.8% in the 4th quarter. HighTower Advisors LLC now owns 31,061 shares of the industrial products company's stock valued at $968,000 after purchasing an additional 2,249 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Ituran Location and Control by 11.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 49,854 shares of the industrial products company's stock worth $1,553,000 after acquiring an additional 5,220 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Analyst Upgrades and Downgrades

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

Ituran Location and Control Price Performance

Shares of ITRN stock traded down $0.11 during trading hours on Friday, reaching $39.28. The company had a trading volume of 63,652 shares, compared to its average volume of 107,312. The firm has a market cap of $781.28 million, a price-to-earnings ratio of 14.13 and a beta of 0.82. Ituran Location and Control Ltd. has a 1-year low of $24.17 and a 1-year high of $45.43. The company has a 50 day moving average of $37.01 and a 200 day moving average of $35.54.

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The industrial products company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.70 by $0.03. The business had revenue of $86.46 million for the quarter, compared to the consensus estimate 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date of this dividend was Wednesday, June 18th. Ituran Location and Control's dividend payout ratio (DPR) is presently 71.94%.

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.