Boston Partners lessened its position in Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) by 51.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,065 shares of the industrial products company's stock after selling 7,629 shares during the period. Boston Partners' holdings in Ituran Location and Control were worth $255,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of ITRN. Raymond James Financial Inc. acquired a new position in Ituran Location and Control in the 4th quarter worth about $2,718,000. ARK Investment Management LLC acquired a new stake in shares of Ituran Location and Control in the first quarter valued at about $2,131,000. IFG Advisory LLC acquired a new stake in shares of Ituran Location and Control in the first quarter valued at about $1,335,000. Total Wealth Planning & Management Inc. acquired a new stake in shares of Ituran Location and Control in the first quarter valued at about $1,216,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of Ituran Location and Control by 294.7% in the first quarter. Envestnet Asset Management Inc. now owns 43,010 shares of the industrial products company's stock valued at $1,555,000 after buying an additional 32,113 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.
Ituran Location and Control Price Performance
Shares of Ituran Location and Control stock traded up $0.98 on Thursday, hitting $36.69. 168,977 shares of the company's stock traded hands, compared to its average volume of 100,776. Ituran Location and Control Ltd. has a one year low of $25.86 and a one year high of $45.43. The company has a fifty day moving average of $38.93 and a two-hundred day moving average of $37.38. The company has a market capitalization of $729.76 million, a price-to-earnings ratio of 13.15 and a beta of 0.89.
Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last announced its earnings results on Tuesday, August 19th. The industrial products company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.06). Ituran Location and Control had a net margin of 16.35% and a return on equity of 28.24%. The business had revenue of $86.79 million for the quarter, compared to the consensus estimate of $89.17 million.
Ituran Location and Control Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Thursday, September 25th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, September 25th. This represents a $2.00 annualized dividend and a dividend yield of 5.5%. Ituran Location and Control's dividend payout ratio is presently 71.68%.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen cut Ituran Location and Control from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 5th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $50.00.
View Our Latest Report 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.
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