SG Americas Securities LLC Invests $637,000 in Ituran Location and Control Ltd. (NASDAQ:ITRN)

SG Americas Securities LLC bought a new stake in Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 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 SEC.

Several other large investors have also made changes to their positions in the company. SeaCrest Wealth Management LLC bought a new position in Ituran Location and Control during the 1st quarter valued at about $445,000. California State Teachers Retirement System raised its stake 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 valued at $472,000 after acquiring an additional 532 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of 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 acquiring an additional 2,075 shares in the last quarter. Squarepoint Ops LLC acquired a new position in Ituran Location and Control in the fourth quarter worth $311,000. Finally, Point72 Asset Management L.P. acquired a new position in Ituran Location and Control in the fourth quarter worth $178,000. Institutional investors own 94.80% of the company's stock.

Analyst Upgrades and Downgrades

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

Ituran Location and Control Stock Up 0.3%

ITRN stock traded up $0.10 during trading on Wednesday, hitting $36.71. The company had a trading volume of 55,005 shares, compared to its average volume of 106,046. The firm has a 50-day moving average price of $36.33 and a 200-day moving average price of $35.16. 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 $730.16 million, a price-to-earnings ratio of 13.21 and a beta of 0.82.

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last released its earnings results on Wednesday, May 28th. The industrial products company reported $0.73 EPS 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 company had revenue of $86.46 million during the quarter, compared to analysts' expectations of $88.47 million.

Ituran Location and Control Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $2.00 annualized dividend and a yield of 5.45%. Ituran Location and Control's dividend payout ratio is currently 71.94%.

About Ituran Location and Control

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.