Y.D. More Investments Ltd Has $26.65 Million Position in Ituran Location and Control Ltd. (NASDAQ:ITRN)

Y.D. More Investments Ltd reduced its stake in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 0.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 978,198 shares of the industrial products company’s stock after selling 475 shares during the quarter. Ituran Location and Control comprises about 5.3% of Y.D. More Investments Ltd’s holdings, making the stock its 2nd largest position. Y.D. More Investments Ltd’s holdings in Ituran Location and Control were worth $26,646,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. New York State Common Retirement Fund boosted its holdings in Ituran Location and Control by 149.9% during the fourth quarter. New York State Common Retirement Fund now owns 5,979 shares of the industrial products company’s stock worth $163,000 after buying an additional 3,586 shares during the last quarter. Barclays PLC raised its position in shares of Ituran Location and Control by 12.2% in the 3rd quarter. Barclays PLC now owns 5,828 shares of the industrial products company’s stock valued at $174,000 after acquiring an additional 633 shares during the period. O Shaughnessy Asset Management LLC bought a new position in Ituran Location and Control during the 3rd quarter worth approximately $200,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Ituran Location and Control by 90.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,324 shares of the industrial products company’s stock valued at $200,000 after purchasing an additional 3,479 shares during the period. Finally, Bryn Mawr Capital Management LLC acquired a new stake in Ituran Location and Control during the 4th quarter worth $204,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Ituran Location and Control Stock Performance

NASDAQ:ITRN traded up $0.13 on Wednesday, reaching $25.81. The company’s stock had a trading volume of 20,119 shares, compared to its average volume of 53,647. The firm has a market cap of $513.36 million, a PE ratio of 10.70 and a beta of 1.17. The business’s 50-day moving average price is $26.83 and its two-hundred day moving average price is $26.24. Ituran Location and Control Ltd. has a 1-year low of $20.35 and a 1-year high of $31.01.

Ituran Location and Control (NASDAQ:ITRN) last issued its quarterly earnings results on Thursday, February 29th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter. Ituran Location and Control had a net margin of 15.04% and a return on equity of 28.61%. The firm had revenue of $77.81 million for the quarter.

Ituran Location and Control Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 20th were paid a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, March 19th. This is a positive change from Ituran Location and Control’s previous quarterly dividend of $0.24. This represents a $1.56 annualized dividend and a yield of 6.04%. Ituran Location and Control’s dividend payout ratio (DPR) is 65.00%.

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.