Two Sigma Advisers LP Sells 16,400 Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN)

Two Sigma Advisers LP reduced its holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) by 46.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,900 shares of the industrial products company's stock after selling 16,400 shares during the period. Two Sigma Advisers LP owned approximately 0.10% of Ituran Location and Control worth $589,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership grew its holdings in shares of Ituran Location and Control by 26.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 274,562 shares of the industrial products company's stock worth $8,553,000 after purchasing an additional 56,956 shares in the last quarter. Millennium Management LLC boosted its stake in Ituran Location and Control by 8.8% in the 4th quarter. Millennium Management LLC now owns 228,537 shares of the industrial products company's stock valued at $7,119,000 after buying an additional 18,563 shares in the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in Ituran Location and Control in the 4th quarter valued at $207,000. Four Tree Island Advisory LLC acquired a new stake in Ituran Location and Control in the 4th quarter valued at $920,000. Finally, D. E. Shaw & Co. Inc. boosted its stake in Ituran Location and Control by 61.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 12,248 shares of the industrial products company's stock valued at $382,000 after buying an additional 4,648 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Ituran Location and Control Stock Performance

Ituran Location and Control stock traded down $0.10 on Friday, reaching $37.64. The company's stock had a trading volume of 77,505 shares, compared to its average volume of 103,563. The company has a market cap of $748.81 million, a price-to-earnings ratio of 14.42 and a beta of 0.82. The business's fifty day moving average price is $35.61 and its 200 day moving average price is $34.60. Ituran Location and Control Ltd. has a twelve month low of $24.12 and a twelve month high of $45.43.

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

Ituran Location and Control Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date is Wednesday, June 18th. Ituran Location and Control's dividend payout ratio is currently 71.94%.

Analyst Ratings Changes

ITRN has been the topic of several recent analyst reports. Wall Street Zen lowered Ituran Location and Control from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 30th. Barclays boosted their price target on Ituran Location and Control from $35.00 to $50.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th.

Ituran Location and Control Company 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.