JPMorgan Chase & Co. Grows Stake in Ituran Location and Control Ltd. (NASDAQ:ITRN)

JPMorgan Chase & Co. lifted its holdings in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 58.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,464 shares of the industrial products company’s stock after acquiring an additional 14,527 shares during the period. JPMorgan Chase & Co. owned 0.20% of Ituran Location and Control worth $1,047,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Rice Hall James & Associates LLC boosted 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 period. Aristides Capital LLC boosted its holdings in shares of 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 acquiring an additional 33,958 shares during the period. HighTower Advisors LLC acquired a new stake in shares of Ituran Location and Control in the third quarter valued at approximately $767,000. Segall Bryant & Hamill LLC grew its position in shares of Ituran Location and Control by 43.6% during the third quarter. Segall Bryant & Hamill LLC now owns 84,600 shares of the industrial products company’s stock worth $2,245,000 after acquiring an additional 25,700 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Ituran Location and Control by 77.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,634 shares of the industrial products company’s stock valued at $1,185,000 after acquiring an additional 19,514 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Ituran Location and Control Stock Performance

Shares of Ituran Location and Control stock opened at $33.85 on Friday. The company has a market capitalization of $673.28 million, a P/E ratio of 12.97 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 $34.35. The company’s fifty day moving average is $30.88 and its two-hundred day moving average is $28.32.

Ituran Location and Control (NASDAQ:ITRN) last released its quarterly earnings results on Thursday, November 21st. The industrial products company reported $0.69 EPS for the quarter. Ituran Location and Control had a return on equity of 28.31% and a net margin of 15.65%.

Ituran Location and Control Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Monday, December 23rd were given a $0.39 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.56 dividend on an annualized basis and a yield of 4.61%. Ituran Location and Control’s payout ratio is currently 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.