Ituran Location and Control Ltd. (NASDAQ:ITRN) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its position in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 214.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,011 shares of the industrial products company’s stock after buying an additional 4,098 shares during the period. BNP Paribas Financial Markets’ holdings in Ituran Location and Control were worth $160,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ITRN. Rice Hall James & Associates LLC increased its position in shares of Ituran Location and Control by 16.4% in the 3rd quarter. Rice Hall James & Associates LLC now owns 516,699 shares of the industrial products company’s stock valued at $13,713,000 after purchasing an additional 72,656 shares during the last quarter. Acadian Asset Management LLC increased its holdings in Ituran Location and Control by 21.3% in the second quarter. Acadian Asset Management LLC now owns 483,763 shares of the industrial products company’s stock valued at $11,884,000 after buying an additional 85,023 shares during the last quarter. Aristides Capital LLC raised its stake in Ituran Location and Control by 23.3% in the second quarter. Aristides Capital LLC now owns 179,740 shares of the industrial products company’s stock valued at $4,429,000 after buying an additional 33,958 shares in the last quarter. Inlet Private Wealth LLC lifted its holdings in Ituran Location and Control by 5.8% during the 3rd quarter. Inlet Private Wealth LLC now owns 150,200 shares of the industrial products company’s stock worth $3,986,000 after buying an additional 8,300 shares during the last quarter. Finally, ARK Investment Management LLC boosted its position in shares of Ituran Location and Control by 4.6% during the 2nd quarter. ARK Investment Management LLC now owns 86,684 shares of the industrial products company’s stock worth $2,136,000 after acquiring an additional 3,791 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Ituran Location and Control Trading Up 0.8 %

Shares of NASDAQ:ITRN opened at $30.64 on Wednesday. The firm has a 50 day simple moving average of $28.30 and a 200-day simple moving average of $27.11. Ituran Location and Control Ltd. has a twelve month low of $24.12 and a twelve month high of $31.64. The company has a market capitalization of $609.55 million, a PE ratio of 11.61 and a beta of 1.17.

Ituran Location and Control Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.09%. Ituran Location and Control’s dividend payout ratio (DPR) is presently 59.77%.

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.