Ituran Location and Control Ltd. (NASDAQ:ITRN) Shares Sold by Raymond James & Associates

Raymond James & Associates reduced its position in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 52.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,615 shares of the industrial products company’s stock after selling 33,002 shares during the period. Raymond James & Associates owned 0.15% of Ituran Location and Control worth $807,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Barclays PLC raised its stake in Ituran Location and Control by 1,022.0% in the 2nd quarter. Barclays PLC now owns 5,195 shares of the industrial products company’s stock valued at $121,000 after purchasing an additional 4,732 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Ituran Location and Control in the third quarter valued at about $368,000. Meitav Investment House Ltd. lifted its stake in shares of Ituran Location and Control by 50.6% in the third quarter. Meitav Investment House Ltd. now owns 66,595 shares of the industrial products company’s stock worth $1,998,000 after buying an additional 22,378 shares in the last quarter. Y.D. More Investments Ltd acquired a new position in Ituran Location and Control during the third quarter worth about $29,262,000. Finally, Inlet Private Wealth LLC purchased a new stake in Ituran Location and Control during the 3rd quarter valued at about $1,105,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Ituran Location and Control Price Performance

ITRN stock opened at $25.22 on Tuesday. Ituran Location and Control Ltd. has a 1 year low of $20.35 and a 1 year high of $31.01. The firm has a market capitalization of $501.63 million, a PE ratio of 10.51 and a beta of 1.17. The business has a 50 day simple moving average of $26.85 and a 200-day simple moving average of $26.38.

Ituran Location and Control (NASDAQ:ITRN) last released its quarterly earnings results on Thursday, February 29th. The industrial products company reported $0.60 EPS for the quarter. The firm 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 20th were paid a $0.39 dividend. This is a positive change from Ituran Location and Control’s previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, March 19th. This represents a $1.56 annualized dividend and a dividend yield of 6.19%. Ituran Location and Control’s dividend payout ratio (DPR) 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.