Ituran Location and Control Ltd. (NASDAQ:ITRN) Shares Sold by Y.D. More Investments Ltd

Y.D. More Investments Ltd lessened its stake in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 0.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 investment portfolio, making the stock its 2nd biggest position. Y.D. More Investments Ltd owned about 4.92% of Ituran Location and Control worth $26,646,000 as of its most recent filing with the SEC.

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

Ituran Location and Control Stock Performance

Ituran Location and Control stock traded up $0.13 during trading on Wednesday, hitting $25.81. The company’s stock had a trading volume of 20,119 shares, compared to its average volume of 53,647. The stock’s fifty day moving average is $26.83 and its 200 day moving average is $26.24. Ituran Location and Control Ltd. has a 1-year low of $20.35 and a 1-year high of $31.01. The stock has a market capitalization of $513.36 million, a price-to-earnings ratio of 10.70 and a beta of 1.17.

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

Ituran Location and Control Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 20th were given a dividend of $0.39 per share. 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 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.