Blair William & Co. IL Grows Holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN)

Blair William & Co. IL raised its position in Ituran Location and Control Ltd. (NASDAQ:ITRN) by 27.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,250 shares of the industrial products company’s stock after buying an additional 2,000 shares during the period. Blair William & Co. IL’s holdings in Ituran Location and Control were worth $228,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caprock Group LLC purchased a new position in Ituran Location and Control in the second quarter valued at $226,000. Heron Bay Capital Management increased its stake in shares of Ituran Location and Control by 18.3% during the first quarter. Heron Bay Capital Management now owns 9,982 shares of the industrial products company’s stock worth $279,000 after purchasing an additional 1,541 shares in the last quarter. DGS Capital Management LLC purchased a new stake in shares of Ituran Location and Control during the first quarter worth about $340,000. California State Teachers Retirement System increased its stake in shares of Ituran Location and Control by 11.3% during the first quarter. California State Teachers Retirement System now owns 16,585 shares of the industrial products company’s stock worth $464,000 after purchasing an additional 1,679 shares in the last quarter. Finally, Pzena Investment Management LLC increased its stake in shares of Ituran Location and Control by 3.4% during the second quarter. Pzena Investment Management LLC now owns 22,659 shares of the industrial products company’s stock worth $558,000 after purchasing an additional 752 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Ituran Location and Control Stock Down 1.3 %

ITRN stock opened at $26.51 on Friday. The stock has a market capitalization of $527.39 million, a P/E ratio of 10.60 and a beta of 1.15. The firm has a 50-day simple moving average of $27.13 and a 200-day simple moving average of $26.73. Ituran Location and Control Ltd. has a 52 week low of $24.01 and a 52 week high of $30.10.

Ituran Location and Control (NASDAQ:ITRN) last released its earnings results on Monday, August 19th. The industrial products company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.05. Ituran Location and Control had a net margin of 15.42% and a return on equity of 28.43%. The business had revenue of $84.87 million during the quarter.

Ituran Location and Control Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 26th will be paid a dividend of $0.39 per share. The ex-dividend date is Thursday, September 26th. This represents a $1.56 annualized dividend and a yield of 5.88%. Ituran Location and Control’s dividend payout ratio is presently 62.40%.

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.