SeaCrest Wealth Management LLC Purchases Shares of 12,317 Ituran Location and Control Ltd. (NASDAQ:ITRN)

SeaCrest Wealth Management LLC acquired a new position in Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,317 shares of the industrial products company's stock, valued at approximately $445,000. SeaCrest Wealth Management LLC owned 0.06% of Ituran Location and Control as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ITRN. California State Teachers Retirement System lifted its holdings in shares of Ituran Location and Control by 3.6% in the fourth quarter. California State Teachers Retirement System now owns 15,161 shares of the industrial products company's stock worth $472,000 after buying an additional 532 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Ituran Location and Control by 7.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 29,629 shares of the industrial products company's stock worth $923,000 after purchasing an additional 2,075 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in Ituran Location and Control in the 4th quarter worth $311,000. Point72 Asset Management L.P. bought a new position in shares of Ituran Location and Control during the 4th quarter valued at about $178,000. Finally, Man Group plc grew its position in shares of Ituran Location and Control by 62.0% during the fourth quarter. Man Group plc now owns 16,606 shares of the industrial products company's stock valued at $517,000 after purchasing an additional 6,356 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Ituran Location and Control Price Performance

Shares of ITRN traded down $0.02 during mid-day trading on Wednesday, reaching $36.24. 72,027 shares of the company's stock traded hands, compared to its average volume of 104,258. Ituran Location and Control Ltd. has a 12 month low of $24.12 and a 12 month high of $45.43. The stock has a market cap of $720.96 million, a P/E ratio of 13.89 and a beta of 0.82. The stock's 50-day moving average is $35.64 and its two-hundred day moving average is $34.76.

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last issued its earnings results 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 15.65% and a return on equity of 28.31%. The firm had revenue of $86.46 million during the quarter, compared to analyst estimates of $88.47 million.

Ituran Location and Control Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $2.00 dividend on an annualized basis and a yield of 5.52%. Ituran Location and Control's dividend payout ratio is presently 71.94%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Barclays upped their target price on shares of Ituran Location and Control from $35.00 to $50.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Wall Street Zen cut Ituran Location and Control from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th.

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.