LMG Wealth Partners LLC Invests $1.15 Million in Ituran Location and Control Ltd. (NASDAQ:ITRN)

LMG Wealth Partners LLC acquired a new stake in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 31,687 shares of the industrial products company's stock, valued at approximately $1,146,000. LMG Wealth Partners LLC owned 0.16% of Ituran Location and Control as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Segall Bryant & Hamill LLC raised its holdings in shares of Ituran Location and Control by 1.3% in the first quarter. Segall Bryant & Hamill LLC now owns 76,000 shares of the industrial products company's stock valued at $2,748,000 after buying an additional 1,000 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Ituran Location and Control during the 1st quarter worth about $54,000. Trek Financial LLC acquired a new position in shares of Ituran Location and Control in the 1st quarter valued at approximately $289,000. Envestnet Asset Management Inc. grew its position in shares of Ituran Location and Control by 294.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 43,010 shares of the industrial products company's stock valued at $1,555,000 after purchasing an additional 32,113 shares during the period. Finally, D.A. Davidson & CO. acquired a new position in shares of Ituran Location and Control in the 1st quarter valued at approximately $251,000. 94.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

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 Trading Up 0.3%

Shares of NASDAQ ITRN traded up $0.11 during midday trading on Friday, reaching $39.01. The company's stock had a trading volume of 22,996 shares, compared to its average volume of 138,879. Ituran Location and Control Ltd. has a fifty-two week low of $25.09 and a fifty-two week high of $45.43. The stock has a market capitalization of $775.91 million, a price-to-earnings ratio of 14.03 and a beta of 0.82. The stock has a 50 day simple moving average of $37.71 and a 200-day simple moving average of $36.10.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.03. Ituran Location and Control had a net margin of 16.35% and a return on equity of 29.19%. The company had revenue of $86.46 million for the quarter, compared to the consensus estimate 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. Stockholders of record on Wednesday, June 18th were issued 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 5.13%. 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.