Delphi Management Inc. MA cut its holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN – Free Report) by 27.2% during the first quarter, Holdings Channel.com reports. The fund owned 25,774 shares of the industrial products company’s stock after selling 9,628 shares during the period. Ituran Location and Control comprises about 1.5% of Delphi Management Inc. MA’s holdings, making the stock its 14th largest holding. Delphi Management Inc. MA’s holdings in Ituran Location and Control were worth $1,263,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Y.D. More Investments Ltd raised its position in shares of Ituran Location and Control by 4.9% during the 4th quarter. Y.D. More Investments Ltd now owns 858,274 shares of the industrial products company’s stock valued at $37,236,000 after acquiring an additional 39,718 shares during the last quarter. GW&K Investment Management LLC boosted its position in shares of Ituran Location and Control by 909.3% in the 4th quarter. GW&K Investment Management LLC now owns 539,817 shares of the industrial products company’s stock worth $23,218,000 after purchasing an additional 486,331 shares during the last quarter. Rice Hall James & Associates LLC boosted its position in shares of Ituran Location and Control by 7.0% in the 4th quarter. Rice Hall James & Associates LLC now owns 528,164 shares of the industrial products company’s stock worth $22,716,000 after purchasing an additional 34,550 shares during the last quarter. River Road Asset Management LLC grew its stake in shares of Ituran Location and Control by 0.3% during the fourth quarter. River Road Asset Management LLC now owns 410,105 shares of the industrial products company’s stock worth $17,639,000 after purchasing an additional 1,370 shares during the period. Finally, Aristides Capital LLC grew its stake in shares of Ituran Location and Control by 1.1% during the fourth quarter. Aristides Capital LLC now owns 283,405 shares of the industrial products company’s stock worth $12,189,000 after purchasing an additional 3,010 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.
Ituran Location and Control Trading Down 2.7%
NASDAQ:ITRN opened at $61.85 on Thursday. Ituran Location and Control Ltd. has a 1 year low of $32.71 and a 1 year high of $68.30. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 20.41 and a beta of 0.77. The stock has a 50-day moving average price of $60.61 and a two-hundred day moving average price of $51.59.
Ituran Location and Control Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Wednesday, June 24th will be given a $0.50 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. Ituran Location and Control’s payout ratio is currently 198.02%.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the company. Wall Street Zen upgraded Ituran Location and Control from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. Zacks Research upgraded Ituran Location and Control to a “hold” rating in a report on Thursday, May 28th. Weiss Ratings restated a “buy (b)” rating on shares of Ituran Location and Control in a research report on Friday, March 27th. Barclays upped their price target on Ituran Location and Control from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. Finally, Loop Capital set a $57.00 price objective on shares of Ituran Location and Control in a research note on Monday, March 9th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Ituran Location and Control has an average rating of “Moderate Buy” and a consensus price target of $60.67.
Get Our Latest Report on Ituran Location and Control
Ituran Location and Control Company Profile
Ituran Location and Control Ltd. is a provider of wireless vehicle tracking and stolen vehicle recovery services. The company leverages a combination of cellular and global positioning system (GPS) technologies to offer real-time monitoring and location-based solutions for private vehicle owners, fleet operators and insurance companies. Its core offerings include subscription-based tracking devices, centralized control centers and software platforms that enable clients to detect unauthorized vehicle use, dispatch recovery teams and manage fleet logistics.
Founded in 1994 in Israel, Ituran pioneered the use of wireless communications for security and telematics applications.
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