Ituran Location and Control Ltd. (NASDAQ:ITRN) Holdings Lifted by Ibex Investors LLC

Ibex Investors LLC grew its holdings in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 1.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 876,313 shares of the industrial products company’s stock after acquiring an additional 15,267 shares during the quarter. Ituran Location and Control accounts for approximately 42.1% of Ibex Investors LLC’s holdings, making the stock its biggest holding. Ibex Investors LLC’s holdings in Ituran Location and Control were worth $31,687,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Ituran Location and Control in the first quarter worth approximately $54,000. Point72 Asset Management L.P. bought a new position in shares of Ituran Location and Control in the fourth quarter worth approximately $178,000. Balyasny Asset Management L.P. bought a new position in shares of Ituran Location and Control in the fourth quarter worth approximately $223,000. GeoWealth Management LLC grew its holdings in shares of Ituran Location and Control by 7,556.8% in the fourth quarter. GeoWealth Management LLC now owns 7,274 shares of the industrial products company’s stock worth $227,000 after purchasing an additional 7,179 shares during the last quarter. Finally, Thrivent Financial for Lutherans bought a new position in shares of Ituran Location and Control in the fourth quarter worth approximately $229,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Ituran Location and Control Trading Down 0.4%

Shares of Ituran Location and Control stock opened at $40.70 on Monday. The company’s fifty day simple moving average is $37.99 and its two-hundred day simple moving average is $36.51. The company has a market cap of $809.52 million, a P/E ratio of 14.64 and a beta of 0.82. Ituran Location and Control Ltd. has a 12-month low of $25.09 and a 12-month high of $45.43.

Ituran Location and Control (NASDAQ:ITRN) last issued its quarterly earnings data on Wednesday, May 28th. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. The business had revenue of $86.46 million for the quarter, compared to the consensus estimate of $88.47 million. Ituran Location and Control had a net margin of 16.35% and a return on equity of 29.19%.

Ituran Location and Control Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date was Wednesday, June 18th. Ituran Location and Control’s payout ratio is currently 71.94%.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Ituran Location and Control from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 5th.

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.