Trek Financial LLC Purchases Shares of 7,992 Ituran Location and Control Ltd. (NASDAQ:ITRN)

Trek Financial LLC acquired a new stake in Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,992 shares of the industrial products company's stock, valued at approximately $289,000.

Other institutional investors have also bought and sold shares of the company. Point72 Asset Management L.P. bought a new stake in Ituran Location and Control during the fourth quarter valued at $178,000. Atria Investments Inc bought a new position in shares of Ituran Location and Control during the 4th quarter worth about $209,000. D.A. Davidson & CO. acquired a new stake in shares of Ituran Location and Control in the 1st quarter worth about $251,000. Balyasny Asset Management L.P. acquired a new stake in shares of Ituran Location and Control in the 4th quarter worth about $223,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Ituran Location and Control in the 1st quarter worth about $262,000. Institutional investors own 94.80% of the company's stock.

Ituran Location and Control Stock Performance

NASDAQ:ITRN traded down $0.30 on Friday, hitting $39.76. The stock had a trading volume of 57,052 shares, compared to its average volume of 141,392. Ituran Location and Control Ltd. has a 1 year low of $24.82 and a 1 year high of $45.43. The firm's fifty day simple moving average is $37.35 and its two-hundred day simple moving average is $35.81. The stock has a market cap of $790.99 million, a P/E ratio of 14.30 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $86.46 million during the quarter, compared to the consensus estimate of $88.47 million.

Ituran Location and Control Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend was Wednesday, June 18th. Ituran Location and Control's dividend payout ratio is currently 71.94%.

Analyst Ratings Changes

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

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.