9,996 Shares in Ituran Location and Control Ltd. (NASDAQ:ITRN) Bought by Squarepoint Ops LLC

Squarepoint Ops LLC acquired a new stake in Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 9,996 shares of the industrial products company's stock, valued at approximately $311,000. Squarepoint Ops LLC owned approximately 0.05% of Ituran Location and Control as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its holdings in Ituran Location and Control by 11.3% during the fourth quarter. Van ECK Associates Corp now owns 3,871 shares of the industrial products company's stock valued at $121,000 after purchasing an additional 392 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Ituran Location and Control in the 4th quarter worth approximately $178,000. State of New Jersey Common Pension Fund D acquired a new position in shares of Ituran Location and Control in the 4th quarter worth approximately $207,000. Atria Investments Inc acquired a new position in shares of Ituran Location and Control in the 4th quarter worth approximately $209,000. Finally, Balyasny Asset Management L.P. acquired a new position in shares of Ituran Location and Control in the 4th quarter worth approximately $223,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on ITRN shares. Wall Street Zen downgraded Ituran Location and Control from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. Barclays upped 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.

Ituran Location and Control Stock Down 2.0%

NASDAQ:ITRN traded down $0.74 during trading hours on Tuesday, hitting $36.26. 149,299 shares of the stock were exchanged, compared to its average volume of 104,374. The company's 50 day moving average is $35.64 and its two-hundred day moving average is $34.76. Ituran Location and Control Ltd. has a twelve month low of $24.12 and a twelve month high of $45.43. The company has a market capitalization of $721.36 million, a P/E ratio of 13.89 and a beta of 0.82.

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, topping the consensus estimate of $0.70 by $0.03. Ituran Location and Control had a return on equity of 28.31% and a net margin of 15.65%. The firm had revenue of $86.46 million for the quarter, compared to the consensus estimate of $88.47 million.

Ituran Location and Control Announces Dividend

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