Ituran Location and Control Ltd. (NASDAQ:ITRN) Shares Acquired by Values First Advisors Inc.

Values First Advisors Inc. lifted its position in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 8.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,967 shares of the industrial products company’s stock after purchasing an additional 928 shares during the quarter. Values First Advisors Inc.’s holdings in Ituran Location and Control were worth $326,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Y.D. More Investments Ltd acquired a new stake in Ituran Location and Control in the 3rd quarter valued at $29,262,000. Millennium Management LLC acquired a new stake in Ituran Location and Control in the 4th quarter valued at $2,256,000. Delphi Management Inc. MA acquired a new stake in Ituran Location and Control in the 2nd quarter valued at $1,092,000. Arrowstreet Capital Limited Partnership grew its stake in Ituran Location and Control by 176.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 59,307 shares of the industrial products company’s stock valued at $1,253,000 after acquiring an additional 37,826 shares during the period. Finally, Inlet Private Wealth LLC acquired a new stake in Ituran Location and Control in the 3rd quarter valued at $1,105,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Ituran Location and Control Stock Performance

Ituran Location and Control stock traded down $0.47 during trading on Thursday, reaching $27.96. The company had a trading volume of 52,184 shares, compared to its average volume of 56,262. Ituran Location and Control Ltd. has a 1-year low of $20.35 and a 1-year high of $31.01. The firm’s 50-day simple moving average is $26.48 and its 200 day simple moving average is $26.75. The firm has a market capitalization of $556.12 million, a PE ratio of 11.65 and a beta of 1.16.

Ituran Location and Control (NASDAQ:ITRN) last announced its 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 company had revenue of $77.81 million for the quarter.

Ituran Location and Control Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 3rd. Investors of record on Wednesday, March 20th will be issued a $0.39 dividend. 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 5.58%. The ex-dividend date is Tuesday, March 19th. Ituran Location and Control’s payout ratio 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.