SG Americas Securities LLC acquired a new position in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,606 shares of the industrial products company's stock, valued at approximately $637,000. SG Americas Securities LLC owned approximately 0.09% of Ituran Location and Control as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. SeaCrest Wealth Management LLC purchased a new stake in Ituran Location and Control during the 1st quarter worth about $445,000. California State Teachers Retirement System lifted its holdings in Ituran Location and Control by 3.6% during the 4th quarter. California State Teachers Retirement System now owns 15,161 shares of the industrial products company's stock worth $472,000 after purchasing an additional 532 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Ituran Location and Control by 7.5% during 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 during the 4th quarter worth about $311,000. Finally, Point72 Asset Management L.P. purchased a new stake in Ituran Location and Control during the 4th quarter worth about $178,000. Hedge funds and other institutional investors own 94.80% of the company's stock.
Ituran Location and Control Price Performance
Shares of NASDAQ:ITRN traded up $0.02 on Friday, hitting $35.59. The company's stock had a trading volume of 133,932 shares, compared to its average volume of 106,072. The company has a 50-day simple moving average of $36.15 and a 200 day simple moving average of $35.11. Ituran Location and Control Ltd. has a 1 year low of $24.12 and a 1 year high of $45.43. The company has a market capitalization of $707.89 million, a PE ratio of 12.80 and a beta of 0.82.
Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The industrial products company reported $0.73 earnings per share for the quarter, beating 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 firm had revenue of $86.46 million for the quarter, compared to analysts' expectations of $88.47 million.
Ituran Location and Control Announces Dividend
The firm also recently declared 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 of this dividend is Wednesday, June 18th. This represents a $2.00 annualized dividend and a dividend yield of 5.62%. Ituran Location and Control's payout ratio is currently 71.94%.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on ITRN shares. Barclays increased their price objective on Ituran Location and Control from $35.00 to $50.00 and gave the stock an "overweight" rating in a 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.
Read 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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