Ituran Location and Control Ltd. (NASDAQ:ITRN) Stock Holdings Decreased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lowered its stake in Ituran Location and Control Ltd. (NASDAQ:ITRN) by 15.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 11,543 shares of the industrial products company’s stock after selling 2,039 shares during the period. Exchange Traded Concepts LLC owned 0.06% of Ituran Location and Control worth $306,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Acadian Asset Management LLC increased its position in shares of Ituran Location and Control by 21.3% in the 2nd 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 last quarter. Rice Hall James & Associates LLC boosted its stake in Ituran Location and Control by 8.2% during 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 purchasing an additional 33,593 shares during the period. Aristides Capital LLC boosted its stake in Ituran Location and Control by 23.3% during 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 period. Inlet Private Wealth LLC boosted its stake in Ituran Location and Control by 3.7% during the 2nd quarter. Inlet Private Wealth LLC now owns 141,900 shares of the industrial products company’s stock valued at $3,496,000 after purchasing an additional 5,000 shares during the period. Finally, ARK Investment Management LLC boosted its stake in 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 valued at $2,136,000 after purchasing an additional 3,791 shares during the period. Institutional investors own 94.80% of the company’s stock.

Ituran Location and Control Stock Up 1.0 %

Ituran Location and Control stock opened at $27.75 on Monday. The firm has a 50-day moving average price of $27.27 and a two-hundred day moving average price of $26.55. The firm has a market capitalization of $552.06 million, a price-to-earnings ratio of 11.10 and a beta of 1.14. Ituran Location and Control Ltd. has a 52-week low of $24.01 and a 52-week high of $30.00.

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

Ituran Location and Control Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 26th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date was Thursday, September 26th. Ituran Location and Control’s dividend payout ratio is currently 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.