Thrivent Financial for Lutherans Purchases 18,248 Shares of Ituran Location and Control Ltd. $ITRN

Thrivent Financial for Lutherans lifted its holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN) by 100.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,496 shares of the industrial products company’s stock after acquiring an additional 18,248 shares during the period. Thrivent Financial for Lutherans owned approximately 0.18% of Ituran Location and Control worth $1,304,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Copeland Capital Management LLC grew its stake in Ituran Location and Control by 33.4% during the third quarter. Copeland Capital Management LLC now owns 1,871 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 468 shares during the period. Atria Investments Inc grew its position in shares of Ituran Location and Control by 5.1% during the 2nd quarter. Atria Investments Inc now owns 11,043 shares of the industrial products company’s stock worth $428,000 after buying an additional 532 shares during the period. California State Teachers Retirement System increased its stake in shares of Ituran Location and Control by 3.5% in the 2nd quarter. California State Teachers Retirement System now owns 15,970 shares of the industrial products company’s stock valued at $619,000 after acquiring an additional 536 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Ituran Location and Control by 6.8% during the 3rd quarter. New York State Common Retirement Fund now owns 9,481 shares of the industrial products company’s stock valued at $339,000 after acquiring an additional 606 shares during the period. Finally, Trek Financial LLC boosted its stake in Ituran Location and Control by 8.6% during the second quarter. Trek Financial LLC now owns 8,678 shares of the industrial products company’s stock worth $336,000 after acquiring an additional 686 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Ituran Location and Control Trading Up 1.6%

ITRN opened at $47.44 on Friday. Ituran Location and Control Ltd. has a 1-year low of $30.06 and a 1-year high of $48.13. The company has a market cap of $943.58 million, a price-to-earnings ratio of 16.70 and a beta of 0.71. The company’s fifty day moving average price is $44.24 and its two-hundred day moving average price is $39.81.

Ituran Location and Control (NASDAQ:ITRN) last posted its earnings results on Tuesday, November 18th. The industrial products company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.06. The company had revenue of $92.28 million for the quarter, compared to analyst estimates of $86.52 million. Ituran Location and Control had a net margin of 16.23% and a return on equity of 27.68%.

Ituran Location and Control Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, December 29th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, December 29th. This represents a $2.00 annualized dividend and a yield of 4.2%. Ituran Location and Control’s dividend payout ratio is 70.42%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ITRN shares. Wall Street Zen raised shares of Ituran Location and Control from a “hold” rating to a “strong-buy” rating in a research note on Saturday, November 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Ituran Location and Control in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $50.00.

About Ituran Location and Control

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.