Values First Advisors Inc. Boosts Holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN)

Values First Advisors Inc. lifted its stake in Ituran Location and Control Ltd. (NASDAQ:ITRN) by 8.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,967 shares of the industrial products company’s stock after purchasing an additional 928 shares during the period. Values First Advisors Inc. owned 0.06% of Ituran Location and Control worth $326,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ITRN. Macquarie Group Ltd. bought a new position in shares of Ituran Location and Control in the 4th quarter worth about $35,000. Qube Research & Technologies Ltd purchased a new position in Ituran Location and Control in the third quarter worth about $69,000. PNC Financial Services Group Inc. raised its holdings in Ituran Location and Control by 11,714.3% in the first quarter. PNC Financial Services Group Inc. now owns 3,308 shares of the industrial products company’s stock worth $77,000 after buying an additional 3,280 shares during the last quarter. Barclays PLC raised its holdings in Ituran Location and Control by 1,022.0% in the second quarter. Barclays PLC now owns 5,195 shares of the industrial products company’s stock worth $121,000 after buying an additional 4,732 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in Ituran Location and Control by 45.8% in the fourth quarter. Bank of America Corp DE now owns 5,598 shares of the industrial products company’s stock worth $118,000 after buying an additional 1,758 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Ituran Location and Control Stock Down 1.7 %

Ituran Location and Control stock traded down $0.47 during trading hours on Thursday, hitting $27.96. The stock had a trading volume of 52,184 shares, compared to its average volume of 56,262. The stock has a market capitalization of $556.12 million, a P/E ratio of 11.65 and a beta of 1.16. Ituran Location and Control Ltd. has a 12-month low of $20.35 and a 12-month high of $31.01. The stock’s 50-day moving average price is $26.48 and its 200-day moving average price is $26.75.

Ituran Location and Control (NASDAQ:ITRN) last issued 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 business had revenue of $77.81 million during the quarter.

Ituran Location and Control Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 20th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 5.58%. This is a boost from Ituran Location and Control’s previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, March 19th. Ituran Location and Control’s payout ratio is presently 65.00%.

About Ituran Location and Control

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.