Barclays PLC Acquires 4,400 Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN)

Barclays PLC lifted its holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN) by 132.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,731 shares of the industrial products company’s stock after buying an additional 4,400 shares during the quarter. Barclays PLC’s holdings in Ituran Location and Control were worth $206,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ITRN. Acadian Asset Management LLC raised its holdings in Ituran Location and Control by 21.3% during 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. Caprock Group LLC bought a new stake in Ituran Location and Control during the 2nd quarter worth about $226,000. LSV Asset Management raised its holdings in Ituran Location and Control by 53.9% during the 2nd quarter. LSV Asset Management now owns 48,171 shares of the industrial products company’s stock worth $1,187,000 after purchasing an additional 16,871 shares during the last quarter. Rice Hall James & Associates LLC raised its holdings 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 worth $10,941,000 after purchasing an additional 33,593 shares during the last quarter. Finally, Blair William & Co. IL raised its holdings in Ituran Location and Control by 27.6% during the 2nd quarter. Blair William & Co. IL now owns 9,250 shares of the industrial products company’s stock worth $228,000 after purchasing an additional 2,000 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Ituran Location and Control Trading Down 2.7 %

Ituran Location and Control stock opened at $31.86 on Tuesday. The firm has a market capitalization of $633.82 million, a P/E ratio of 12.21 and a beta of 1.15. Ituran Location and Control Ltd. has a 1 year low of $24.12 and a 1 year high of $33.09. The business has a 50-day moving average of $29.36 and a 200-day moving average of $27.55.

Ituran Location and Control Dividend Announcement

The business 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 annualized dividend and a dividend yield of 4.90%. Ituran Location and Control’s 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.