36,925 Shares in Ituran Location and Control Ltd. (NASDAQ:ITRN) Purchased by IFG Advisory LLC

IFG Advisory LLC purchased a new stake in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 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 quarter.

Other hedge funds have also recently bought and sold shares of the company. Ibex Investors LLC increased its stake in shares of Ituran Location and Control by 1.8% during the 1st quarter. Ibex Investors LLC now owns 876,313 shares of the industrial products company's stock worth $31,687,000 after purchasing an additional 15,267 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Ituran Location and Control by 26.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 274,562 shares of the industrial products company's stock worth $8,553,000 after purchasing an additional 56,956 shares in the last quarter. Aristides Capital LLC raised its holdings in 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 valued at $7,264,000 after buying an additional 48,850 shares in the last quarter. Millennium Management LLC lifted its position 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 worth $7,119,000 after buying an additional 18,563 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Ituran Location and Control during the 4th quarter valued at about $2,718,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Ituran Location and Control Stock Performance

Shares of ITRN traded up $1.49 during trading hours on Wednesday, reaching $41.53. 104,314 shares of the company traded hands, compared to its average volume of 133,974. Ituran Location and Control Ltd. has a 1-year low of $25.41 and a 1-year high of $45.43. The stock has a market cap of $826.03 million, a P/E ratio of 14.94 and a beta of 0.89. The stock's fifty day moving average is $38.28 and its 200 day moving average is $36.83.

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The industrial products company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.03. The company 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th were paid a $0.50 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.8%. Ituran Location and Control's payout ratio is 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.