Assenagon Asset Management S.A. Takes $277,000 Position in Ituran Location and Control Ltd. (NASDAQ:ITRN)

Assenagon Asset Management S.A. acquired a new position in Ituran Location and Control Ltd. (NASDAQ:ITRN) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 9,902 shares of the industrial products company’s stock, valued at approximately $277,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ITRN. Barclays PLC lifted its holdings 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 purchasing an additional 633 shares in the last quarter. Values First Advisors Inc. lifted its position in shares of Ituran Location and Control by 8.4% in the fourth quarter. Values First Advisors Inc. now owns 11,967 shares of the industrial products company’s stock worth $326,000 after buying an additional 928 shares during the last quarter. Trexquant Investment LP lifted its position in shares of Ituran Location and Control by 6.7% in the fourth quarter. Trexquant Investment LP now owns 26,672 shares of the industrial products company’s stock worth $727,000 after buying an additional 1,669 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Ituran Location and Control by 20.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 14,811 shares of the industrial products company’s stock worth $403,000 after purchasing an additional 2,502 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Ituran Location and Control by 90.5% in 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 period. 94.80% of the stock is owned by institutional investors.

Ituran Location and Control Stock Performance

Shares of ITRN stock traded down $0.07 during trading hours on Thursday, hitting $26.67. The company had a trading volume of 19,440 shares, compared to its average volume of 50,134. Ituran Location and Control Ltd. has a 12 month low of $22.36 and a 12 month high of $31.01. The firm has a market capitalization of $530.47 million, a price-to-earnings ratio of 11.19 and a beta of 1.17. The firm’s fifty day moving average is $27.05 and its 200 day moving average is $26.40.

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

Ituran Location and Control Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 20th were given a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.85%. This is a boost from Ituran Location and Control’s previous quarterly dividend of $0.24. Ituran Location and Control’s dividend payout ratio is currently 65.00%.

Ituran Location and Control Company 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.