1 week Ago By Defense World Staff
Arrowstreet Capital Limited Partnership grew its position in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN – Free Report) by 26.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission.
The institutional investor owned 274,562 shares of the industrial products company’s stock after purchasing an additional 56,956 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 1.38% of Ituran Location and Control worth $8,553,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. R Squared Ltd acquired a new position in Ituran Location and Control during the 4th quarter worth about $117,000. Van ECK Associates Corp lifted its stake in shares of Ituran Location and Control by 11.
3% in the fourth quarter. Van ECK Associates Corp now owns 3,871 shares of the industrial products company’s stock worth $121,000 after acquiring an additional 392 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Ituran Location and Control in the third quarter worth approximately $137,000.
BNP Paribas Financial Markets increased its position in 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 purchasing an additional 4,098 shares during the period.
Finally, Barclays PLC raised its holdings in Ituran Location and Control by 132.1% during the 3rd quarter. Barclays PLC now owns 7,731 shares of the industrial products company’s stock worth $206,000 after purchasing an additional 4,400 shares during the last quarter.
94.80% of the stock is currently owned by institutional investors. Ituran Location and Control Trading Down 6.
4 %Shares of Ituran Location and Control stock opened at $32.75 on Monday. The company has a market cap of $651.
53 million, a P/E ratio of 12.55 and a beta of 0.90.
The business has a 50-day moving average price of $37.01 and a two-hundred day moving average price of $31.88.
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 released its earnings results on Wednesday, February 26th. The industrial products company reported $0.
70 EPS for the quarter, topping the consensus estimate of $0.68 by $0.02.
Ituran Location and Control had a return on equity of 28.31% and a net margin of 15.65%.
The business had revenue of $82.88 million during the quarter, compared to analysts’ expectations of $81.81 million.
Ituran Location and Control Increases DividendThe business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were given a dividend of $0.50 per share.
This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.11%.
The ex-dividend date of this dividend was Thursday, March 20th. This is an increase from Ituran Location and Control’s previous quarterly dividend of $0.39.
Ituran Location and Control’s payout ratio is presently 73.80%. Wall Street Analysts Forecast GrowthSeparately, Barclays upped their price objective on shares of 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.Read Our Latest Analysis on Ituran Location and ControlIturan Location and Control Company Profile (Free Report)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.
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