Ituran Location and Control Ltd. (NASDAQ:ITRN) Shares Sold by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. lessened its stake in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) by 26.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 165,625 shares of the industrial products company's stock after selling 61,059 shares during the period. Pekin Hardy Strauss Inc. owned 0.83% of Ituran Location and Control worth $5,989,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of ITRN. Raymond James Financial Inc. purchased a new position in shares of Ituran Location and Control during the 4th quarter worth $2,718,000. Alliancebernstein L.P. purchased a new position in shares of Ituran Location and Control during the 4th quarter worth $2,329,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Ituran Location and Control by 26.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 274,562 shares of the industrial products company's stock worth $8,553,000 after acquiring an additional 56,956 shares during the period. Aristides Capital LLC raised its holdings in shares of Ituran Location and Control by 26.5% during the 4th quarter. Aristides Capital LLC now owns 233,190 shares of the industrial products company's stock worth $7,264,000 after acquiring an additional 48,850 shares during the period. Finally, Total Wealth Planning & Management Inc. purchased a new position in shares of Ituran Location and Control during the 1st quarter worth $1,216,000. Hedge funds and other institutional investors own 94.80% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Ituran Location and Control from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 5th.

Ituran Location and Control Price Performance

Shares of NASDAQ:ITRN traded up $0.76 during midday trading on Thursday, reaching $40.06. 124,636 shares of the company's stock were exchanged, compared to its average volume of 108,005. The stock has a market cap of $796.79 million, a price-to-earnings ratio of 14.41 and a beta of 0.82. The firm's 50 day simple moving average is $37.25 and its two-hundred day simple moving average is $35.74. Ituran Location and Control Ltd. has a fifty-two week low of $24.28 and a fifty-two week high of $45.43.

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last announced its quarterly earnings results 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. Ituran Location and Control had a net margin of 16.35% and a return on equity of 29.19%. 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 business also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date was Wednesday, June 18th. Ituran Location and Control's dividend payout ratio 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.