Zurcher Kantonalbank Zurich Cantonalbank Acquires 3,479 Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Ituran Location and Control Ltd. (NASDAQ:ITRN) by 90.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,324 shares of the industrial products company’s stock after buying an additional 3,479 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Ituran Location and Control were worth $200,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Inlet Private Wealth LLC increased its holdings in Ituran Location and Control by 259.8% during the fourth quarter. Inlet Private Wealth LLC now owns 132,950 shares of the industrial products company’s stock worth $3,622,000 after buying an additional 96,000 shares during the last quarter. Integrated Investment Consultants LLC acquired a new position in Ituran Location and Control during the fourth quarter worth $275,000. Values First Advisors Inc. increased its holdings in Ituran Location and Control by 8.4% during 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. Heron Bay Capital Management acquired a new position in Ituran Location and Control during the fourth quarter worth $230,000. Finally, Exchange Traded Concepts LLC increased its holdings in Ituran Location and Control by 20.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 14,811 shares of the industrial products company’s stock worth $403,000 after buying an additional 2,502 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Ituran Location and Control Trading Up 0.4 %

Shares of ITRN opened at $27.00 on Wednesday. The company has a market cap of $537.03 million, a price-to-earnings ratio of 11.25 and a beta of 1.17. Ituran Location and Control Ltd. has a 1-year low of $20.87 and a 1-year high of $31.01. The company’s fifty day simple moving average is $26.91 and its 200 day simple moving average is $26.23.

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

Ituran Location and Control Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 20th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 5.78%. This is a boost from Ituran Location and Control’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, March 19th. Ituran Location and Control’s payout ratio is 65.00%.

Ituran Location and Control 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.