Public Employees Retirement System of Ohio bought a new stake in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,900 shares of the industrial products company’s stock, valued at approximately $787,000. Public Employees Retirement System of Ohio owned approximately 0.06% of Ituran Location and Control at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Y.D. More Investments Ltd increased its holdings in Ituran Location and Control by 3.8% in the first quarter. Y.D. More Investments Ltd now owns 891,274 shares of the industrial products company’s stock worth $43,681,000 after purchasing an additional 33,000 shares in the last quarter. GW&K Investment Management LLC grew its position in shares of Ituran Location and Control by 909.3% during 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 buying an additional 486,331 shares during the period. Rice Hall James & Associates LLC increased its stake in shares of Ituran Location and Control by 0.7% in the 1st quarter. Rice Hall James & Associates LLC now owns 531,854 shares of the industrial products company’s stock valued at $26,066,000 after acquiring an additional 3,690 shares in the last quarter. River Road Asset Management LLC lifted its position in shares of Ituran Location and Control by 0.3% during the 4th quarter. River Road Asset Management LLC now owns 410,105 shares of the industrial products company’s stock valued at $17,639,000 after acquiring an additional 1,370 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Ituran Location and Control by 1.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 342,775 shares of the industrial products company’s stock valued at $16,799,000 after acquiring an additional 4,196 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.
Ituran Location and Control Trading Down 0.9%
Shares of ITRN stock opened at $51.32 on Thursday. The firm has a fifty day simple moving average of $53.87 and a two-hundred day simple moving average of $55.50. Ituran Location and Control Ltd. has a 12 month low of $33.90 and a 12 month high of $68.30. The firm has a market capitalization of $1.02 billion, a PE ratio of 15.84 and a beta of 0.78.
Ituran Location and Control Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Tuesday, September 29th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $2.00 annualized dividend and a yield of 3.9%. Ituran Location and Control’s dividend payout ratio (DPR) is presently 61.73%.
Analyst Upgrades and Downgrades
ITRN has been the subject of several research analyst reports. Zacks Research raised shares of Ituran Location and Control to a “hold” rating in a research note on Thursday, May 28th. Wall Street Zen upgraded Ituran Location and Control from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. UBS Group reaffirmed a “buy” rating on shares of Ituran Location and Control in a research note on Wednesday, May 27th. Finally, Weiss Ratings lowered Ituran Location and Control from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 26th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Ituran Location and Control presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.67.
Read Our Latest Research 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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