XTX Topco Ltd Acquires 2,106 Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN)

XTX Topco Ltd increased its holdings in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 10.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 22,256 shares of the industrial products company’s stock after purchasing an additional 2,106 shares during the quarter. XTX Topco Ltd’s holdings in Ituran Location and Control were worth $693,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. R Squared Ltd acquired a new position in shares of Ituran Location and Control in the fourth quarter valued at approximately $117,000. Van ECK Associates Corp lifted its position in Ituran Location and Control by 11.3% in the 4th quarter. Van ECK Associates Corp now owns 3,871 shares of the industrial products company’s stock valued at $121,000 after acquiring an additional 392 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Ituran Location and Control in the 3rd quarter worth $137,000. Barclays PLC increased its holdings in Ituran Location and Control by 132.1% during the 3rd quarter. Barclays PLC now owns 7,731 shares of the industrial products company’s stock worth $206,000 after purchasing an additional 4,400 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new stake in shares of Ituran Location and Control in the 4th quarter valued at about $207,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Ituran Location and Control Stock Up 0.4 %

NASDAQ ITRN opened at $33.44 on Friday. The firm’s 50 day moving average is $36.88 and its 200-day moving average is $32.25. The company has a market capitalization of $665.26 million, a PE ratio of 12.81 and a beta of 0.90. Ituran Location and Control Ltd. has a 12-month low of $24.12 and a 12-month high of $45.43.

Ituran Location and Control (NASDAQ:ITRN) last issued its quarterly earnings results on Wednesday, February 26th. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.02. Ituran Location and Control had a net margin of 15.65% and a return on equity of 28.31%. The firm had revenue of $82.88 million for the quarter, compared to analyst estimates of $81.81 million.

Ituran Location and Control Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.98%. The ex-dividend date of this dividend was Thursday, March 20th. This is a positive change from Ituran Location and Control’s previous quarterly dividend of $0.39. Ituran Location and Control’s dividend payout ratio is presently 73.80%.

Analysts Set New Price Targets

Separately, Barclays increased their price objective on Ituran Location and Control from $35.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th.

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.