IFG Advisory LLC Purchases Shares of 36,925 Ituran Location and Control Ltd. (NASDAQ:ITRN)

IFG Advisory LLC acquired a new stake in Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 36,925 shares of the industrial products company's stock, valued at approximately $1,335,000. IFG Advisory LLC owned 0.19% of Ituran Location and Control at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Foundations Investment Advisors LLC grew its holdings in shares of Ituran Location and Control by 130.7% during the first quarter. Foundations Investment Advisors LLC now owns 16,667 shares of the industrial products company's stock worth $603,000 after buying an additional 9,442 shares in the last quarter. Ibex Investors LLC lifted its position in shares of Ituran Location and Control by 1.8% in the 1st quarter. Ibex Investors LLC now owns 876,313 shares of the industrial products company's stock worth $31,687,000 after acquiring an additional 15,267 shares during the period. ARK Investment Management LLC acquired a new position in Ituran Location and Control in the first quarter valued at about $2,131,000. KLP Kapitalforvaltning AS raised its position in shares of Ituran Location and Control by 47.2% during the first quarter. KLP Kapitalforvaltning AS now owns 34,300 shares of the industrial products company's stock worth $1,253,000 after acquiring an additional 11,000 shares during the last quarter. Finally, Four Tree Island Advisory LLC grew its stake in Ituran Location and Control by 93.7% in the first quarter. Four Tree Island Advisory LLC now owns 57,198 shares of the industrial products company's stock valued at $2,068,000 after acquiring an additional 27,665 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.

Ituran Location and Control Stock Performance

Shares of ITRN traded up $0.25 during mid-day trading on Thursday, reaching $41.78. The company had a trading volume of 34,871 shares, compared to its average volume of 133,297. The company has a market capitalization of $830.90 million, a price-to-earnings ratio of 15.01 and a beta of 0.89. Ituran Location and Control Ltd. has a 52 week low of $25.51 and a 52 week high of $45.43. The firm has a 50-day moving average price of $38.36 and a 200 day moving average price of $36.86.

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 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.03. The company had revenue of $86.46 million for 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. 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 4.8%. The ex-dividend date of this dividend was Wednesday, June 18th. Ituran Location and Control's payout ratio is presently 71.94%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded 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.