IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new position in Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,951 shares of the industrial products company's stock, valued at approximately $288,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Blair William & Co. IL lifted its position in shares of Ituran Location and Control by 43.6% in the first quarter. Blair William & Co. IL now owns 13,280 shares of the industrial products company's stock worth $480,000 after buying an additional 4,030 shares during the last quarter. IFG Advisory LLC acquired a new stake in shares of Ituran Location and Control in the first quarter worth about $1,335,000. Foundations Investment Advisors LLC lifted its position in shares of Ituran Location and Control by 130.7% in 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 during the last quarter. Ibex Investors LLC lifted its position in shares of Ituran Location and Control by 1.8% in the first quarter. Ibex Investors LLC now owns 876,313 shares of the industrial products company's stock worth $31,687,000 after buying an additional 15,267 shares during the last quarter. Finally, ARK Investment Management LLC acquired a new stake in shares of Ituran Location and Control in the first quarter worth about $2,131,000. Institutional investors and hedge funds own 94.80% of the company's stock.
Ituran Location and Control Price Performance
Shares of NASDAQ ITRN traded up $0.51 during trading hours on Friday, hitting $42.19. 74,064 shares of the company's stock were exchanged, compared to its average volume of 78,554. Ituran Location and Control Ltd. has a 1-year low of $25.81 and a 1-year high of $45.43. The stock has a market capitalization of $839.16 million, a price-to-earnings ratio of 15.18 and a beta of 0.89. The company's 50-day moving average price is $38.53 and its 200-day moving average price is $36.99.
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 the consensus estimate of $0.70 by $0.03. Ituran Location and Control had a return on equity of 29.19% and a net margin of 16.35%. The business had revenue of $86.46 million during the quarter, compared to analysts' expectations of $88.47 million.
Ituran Location and Control Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Wednesday, June 18th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Wednesday, June 18th. Ituran Location and Control's payout ratio is currently 71.94%.
Analyst Ratings Changes
Separately, Wall Street Zen cut Ituran Location and Control from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 5th.
Check Out Our Latest Analysis on ITRN
About Ituran Location and Control
(
Free Report)
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.
Further Reading
Before you consider Ituran Location and Control, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ituran Location and Control wasn't on the list.
While Ituran Location and Control currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
