Blue Trust Inc. Raises Holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN)

Blue Trust Inc. lifted its holdings in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 63.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,541 shares of the industrial products company’s stock after buying an additional 598 shares during the period. Blue Trust Inc.’s holdings in Ituran Location and Control were worth $38,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ITRN. Blair William & Co. IL purchased a new position in Ituran Location and Control in the 1st quarter valued at approximately $203,000. Caprock Group LLC purchased a new position in Ituran Location and Control in the 2nd quarter valued at approximately $226,000. Heron Bay Capital Management increased its stake in Ituran Location and Control by 6.2% in the 2nd quarter. Heron Bay Capital Management now owns 10,604 shares of the industrial products company’s stock valued at $261,000 after purchasing an additional 622 shares in the last quarter. California State Teachers Retirement System increased its stake in Ituran Location and Control by 11.3% in the 1st quarter. California State Teachers Retirement System now owns 16,585 shares of the industrial products company’s stock valued at $464,000 after purchasing an additional 1,679 shares in the last quarter. Finally, Pzena Investment Management LLC increased its stake in Ituran Location and Control by 3.4% in the 2nd quarter. Pzena Investment Management LLC now owns 22,659 shares of the industrial products company’s stock valued at $558,000 after purchasing an additional 752 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Ituran Location and Control Price Performance

NASDAQ ITRN opened at $26.88 on Friday. Ituran Location and Control Ltd. has a 1-year low of $24.01 and a 1-year high of $30.00. The company has a market capitalization of $534.64 million, a P/E ratio of 10.54 and a beta of 1.14. The business has a 50 day moving average price of $27.20 and a 200 day moving average price of $26.57.

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

Ituran Location and Control Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 5.80%. The ex-dividend date of this dividend was Thursday, September 26th. Ituran Location and Control’s dividend payout ratio (DPR) is presently 61.18%.

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.