UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $731,000 Holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Ituran Location and Control Ltd. (NASDAQ:ITRN) by 103.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,554 shares of the industrial products company’s stock after buying an additional 14,020 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.14% of Ituran Location and Control worth $731,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Blue Trust Inc. boosted its stake in 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 worth $38,000 after purchasing an additional 598 shares during the period. Acadian Asset Management LLC boosted its position in shares of 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 worth $11,884,000 after buying an additional 85,023 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Ituran Location and Control by 214.2% during the third quarter. BNP Paribas Financial Markets now owns 6,011 shares of the industrial products company’s stock valued at $160,000 after buying an additional 4,098 shares in the last quarter. Rice Hall James & Associates LLC grew its holdings in shares of Ituran Location and Control by 16.4% during 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. Finally, Aristides Capital LLC raised its position in Ituran Location and Control by 23.3% during 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 during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Ituran Location and Control Trading Down 1.4 %

Shares of NASDAQ ITRN opened at $29.37 on Friday. Ituran Location and Control Ltd. has a one year low of $24.12 and a one year high of $31.64. The business has a 50-day moving average price of $28.51 and a two-hundred day moving average price of $27.16. The firm has a market capitalization of $584.29 million, a PE ratio of 11.25 and a beta of 1.17.

Ituran Location and Control Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Monday, December 23rd will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 5.31%. The ex-dividend date is Monday, December 23rd. Ituran Location and Control’s dividend payout ratio is currently 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.