Ituran Location and Control Ltd. (NASDAQ:ITRN) is Inflection Point Investments LLP's 2nd Largest Position

Inflection Point Investments LLP lessened its position in Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) by 5.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 320,297 shares of the industrial products company's stock after selling 18,216 shares during the period. Ituran Location and Control comprises 13.6% of Inflection Point Investments LLP's portfolio, making the stock its 2nd largest holding. Inflection Point Investments LLP owned about 1.61% of Ituran Location and Control worth $9,977,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ITRN. R Squared Ltd purchased a new stake in Ituran Location and Control in the 4th quarter worth $117,000. Van ECK Associates Corp grew its holdings in Ituran Location and Control by 11.3% during the 4th quarter. Van ECK Associates Corp now owns 3,871 shares of the industrial products company's stock valued at $121,000 after buying an additional 392 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Ituran Location and Control during the 3rd quarter worth approximately $137,000. BNP Paribas Financial Markets boosted its position in shares of Ituran Location and Control by 214.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,011 shares of the industrial products company's stock valued at $160,000 after acquiring an additional 4,098 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of Ituran Location and Control by 132.1% in the third quarter. Barclays PLC now owns 7,731 shares of the industrial products company's stock valued at $206,000 after purchasing an additional 4,400 shares in the last quarter. Institutional investors own 94.80% of the company's stock.

Ituran Location and Control Stock Up 0.4 %

NASDAQ:ITRN traded up $0.13 during mid-day trading on Friday, reaching $33.44. The company's stock had a trading volume of 63,947 shares, compared to its average volume of 97,030. The firm has a market capitalization of $665.26 million, a PE ratio of 12.81 and a beta of 0.90. The stock has a fifty day moving average of $36.85 and a 200-day moving average of $32.30. Ituran Location and Control Ltd. has a 1 year low of $24.12 and a 1 year high of $45.43.

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The industrial products company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.02. The firm had revenue of $82.88 million during the quarter, compared to analysts' expectations of $81.81 million. Ituran Location and Control had a return on equity of 28.31% and a net margin of 15.65%.

Ituran Location and Control Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.98%. This is an increase from Ituran Location and Control's previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Thursday, March 20th. Ituran Location and Control's dividend payout ratio (DPR) is 73.80%.

Analyst Ratings Changes

Separately, Barclays increased 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.

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.