Fmr LLC Buys 1,800 Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN)

Fmr LLC increased its stake in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 0.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,264,193 shares of the industrial products company’s stock after buying an additional 1,800 shares during the period. Fmr LLC owned 6.36% of Ituran Location and Control worth $33,552,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ITRN. Blue Trust Inc. raised its position in shares of Ituran Location and Control by 63.4% in the 3rd quarter. Blue Trust Inc. now owns 1,541 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 598 shares during the period. Acadian Asset Management LLC raised its holdings 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 acquiring an additional 85,023 shares in the last quarter. Rice Hall James & Associates LLC grew its stake in shares of Ituran Location and Control by 16.4% in the third quarter. Rice Hall James & Associates LLC now owns 516,699 shares of the industrial products company’s stock valued at $13,713,000 after buying an additional 72,656 shares in the last quarter. Aristides Capital LLC lifted its stake in Ituran Location and Control by 23.3% in the 2nd quarter. Aristides Capital LLC now owns 179,740 shares of the industrial products company’s stock valued at $4,429,000 after purchasing an additional 33,958 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Ituran Location and Control by 77.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,634 shares of the industrial products company’s stock worth $1,185,000 after acquiring an additional 19,514 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Ituran Location and Control Stock Down 0.4 %

Shares of ITRN stock opened at $31.07 on Monday. The firm has a 50 day moving average price of $27.75 and a two-hundred day moving average price of $26.95. The company has a market capitalization of $618.11 million, a PE ratio of 11.90 and a beta of 1.17. Ituran Location and Control Ltd. has a 12-month low of $24.12 and a 12-month high of $31.43.

Ituran Location and Control Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Monday, December 23rd will be given a dividend of $0.39 per share. The ex-dividend date is Monday, December 23rd. This represents a $1.56 annualized dividend and a dividend yield of 5.02%. Ituran Location and Control’s dividend payout ratio is 59.77%.

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.