Heron Bay Capital Management Has $261,000 Position in Ituran Location and Control Ltd. (NASDAQ:ITRN)

Heron Bay Capital Management lifted its position in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 6.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,604 shares of the industrial products company’s stock after purchasing an additional 622 shares during the period. Heron Bay Capital Management owned 0.05% of Ituran Location and Control worth $261,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ITRN. Blair William & Co. IL increased its position in Ituran Location and Control by 27.6% during the second quarter. Blair William & Co. IL now owns 9,250 shares of the industrial products company’s stock worth $228,000 after buying an additional 2,000 shares during the last quarter. Rice Hall James & Associates LLC raised its stake in Ituran Location and Control by 8.2% in the 2nd quarter. Rice Hall James & Associates LLC now owns 444,043 shares of the industrial products company’s stock valued at $10,941,000 after acquiring an additional 33,593 shares during the period. LSV Asset Management raised its stake in Ituran Location and Control by 53.9% in the 2nd quarter. LSV Asset Management now owns 48,171 shares of the industrial products company’s stock valued at $1,187,000 after acquiring an additional 16,871 shares during the period. Caprock Group LLC acquired a new stake in Ituran Location and Control during the 2nd quarter valued at $226,000. Finally, Acadian Asset Management LLC boosted its position in Ituran Location and Control by 21.3% during the second quarter. Acadian Asset Management LLC now owns 483,763 shares of the industrial products company’s stock worth $11,884,000 after purchasing an additional 85,023 shares during the period. 94.80% of the stock is owned by institutional investors.

Ituran Location and Control Price Performance

NASDAQ:ITRN opened at $26.58 on Friday. The firm’s fifty day moving average price is $27.05 and its two-hundred day moving average price is $26.73. The company has a market cap of $528.78 million, a P/E ratio of 10.63 and a beta of 1.15. Ituran Location and Control Ltd. has a one year low of $24.01 and a one year high of $30.10.

Ituran Location and Control (NASDAQ:ITRN) last released its quarterly earnings results on Monday, August 19th. The industrial products company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.05. Ituran Location and Control had a net margin of 15.42% and a return on equity of 28.43%. The firm had revenue of $84.87 million for the quarter.

Ituran Location and Control Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 26th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date of this dividend is Thursday, September 26th. Ituran Location and Control’s dividend payout ratio is 62.40%.

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.