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

Zurcher Kantonalbank Zurich Cantonalbank increased its position in Ituran Location and Control Ltd. (NASDAQ:ITRN) by 90.5% during the fourth quarter, Holdings Channel.com reports. The firm 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 large investors also recently modified their holdings of ITRN. Y.D. More Investments Ltd bought a new position in shares of Ituran Location and Control in the 3rd quarter worth $29,262,000. Inlet Private Wealth LLC lifted its holdings in shares of Ituran Location and Control by 259.8% in the 4th quarter. Inlet Private Wealth LLC now owns 132,950 shares of the industrial products company’s stock worth $3,622,000 after purchasing an additional 96,000 shares in the last quarter. Lazard Asset Management LLC raised its position in Ituran Location and Control by 506.5% in the 3rd quarter. Lazard Asset Management LLC now owns 37,982 shares of the industrial products company’s stock valued at $1,135,000 after buying an additional 31,719 shares during the last quarter. Meitav Investment House Ltd. raised its position in Ituran Location and Control by 50.6% in the 3rd quarter. Meitav Investment House Ltd. now owns 66,595 shares of the industrial products company’s stock valued at $1,998,000 after buying an additional 22,378 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in Ituran Location and Control in the 3rd quarter valued at $462,000. 94.80% of the stock is currently owned by institutional investors.

Ituran Location and Control Trading Up 0.4 %

NASDAQ ITRN opened at $27.00 on Wednesday. The firm has a market capitalization of $537.03 million, a P/E ratio of 11.25 and a beta of 1.17. The business has a fifty day simple moving average of $26.91 and a 200 day simple moving average of $26.23. Ituran Location and Control Ltd. has a 12 month low of $20.87 and a 12 month high of $31.01.

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 business had revenue of $77.81 million during the quarter. Ituran Location and Control had a return on equity of 28.61% and a net margin of 15.04%.

Ituran Location and Control Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 20th were given a dividend of $0.39 per share. The ex-dividend date was Tuesday, March 19th. This is a positive change from Ituran Location and Control’s previous quarterly dividend of $0.24. This represents a $1.56 annualized dividend and a dividend yield of 5.78%. Ituran Location and Control’s dividend payout ratio (DPR) is currently 65.00%.

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.