7,992 Shares in Ituran Location and Control Ltd. (NASDAQ:ITRN) Acquired by Trek Financial LLC

Trek Financial LLC purchased 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 disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,992 shares of the industrial products company's stock, valued at approximately $289,000.

Several other institutional investors and hedge funds also recently modified their holdings of ITRN. Envestnet Asset Management Inc. increased its position in shares of Ituran Location and Control by 294.7% in the first quarter. Envestnet Asset Management Inc. now owns 43,010 shares of the industrial products company's stock worth $1,555,000 after acquiring an additional 32,113 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in shares of Ituran Location and Control in the first quarter worth $251,000. Teacher Retirement System of Texas acquired a new stake in shares of Ituran Location and Control in the first quarter worth $262,000. Total Wealth Planning & Management Inc. purchased a new position in shares of Ituran Location and Control in the first quarter valued at $1,216,000. Finally, Spirepoint Private Client LLC acquired a new stake in Ituran Location and Control during the 1st quarter valued at $297,000. Hedge funds and other institutional investors own 94.80% of the company's stock.

Ituran Location and Control Stock Performance

Shares of ITRN stock traded down $0.71 during midday trading on Friday, reaching $39.35. 102,252 shares of the company were exchanged, compared to its average volume of 108,534. The company's 50 day moving average price is $37.42 and its two-hundred day moving average price is $35.94. The company has a market cap of $782.67 million, a P/E ratio of 14.15 and a beta of 0.82. Ituran Location and Control Ltd. has a 12 month low of $24.92 and a 12 month high of $45.43.

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The industrial products company reported $0.73 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $88.47 million.

Ituran Location and Control Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th were issued a $0.50 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $2.00 annualized dividend and a dividend yield of 5.08%. Ituran Location and Control's dividend payout ratio (DPR) 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 report on Saturday, July 5th.

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.