State Street Corp Sells 2,972 Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN)

State Street Corp trimmed its holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN) by 1.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 153,684 shares of the industrial products company’s stock after selling 2,972 shares during the quarter. State Street Corp owned approximately 0.77% of Ituran Location and Control worth $4,139,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Acadian Asset Management LLC grew its stake in Ituran Location and Control by 21.3% in the second quarter. Acadian Asset Management LLC now owns 483,763 shares of the industrial products company’s stock worth $11,884,000 after purchasing an additional 85,023 shares in the last quarter. Rice Hall James & Associates LLC increased its stake in shares of Ituran Location and Control by 16.4% during the third quarter. Rice Hall James & Associates LLC now owns 516,699 shares of the industrial products company’s stock valued at $13,713,000 after buying an additional 72,656 shares during the period. Aristides Capital LLC raised its holdings in shares of Ituran Location and Control by 23.3% in the second quarter. Aristides Capital LLC now owns 179,740 shares of the industrial products company’s stock valued at $4,429,000 after acquiring an additional 33,958 shares in the last quarter. HighTower Advisors LLC purchased a new stake in Ituran Location and Control in the third quarter worth about $767,000. Finally, Segall Bryant & Hamill LLC grew its holdings in Ituran Location and Control by 43.6% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 84,600 shares of the industrial products company’s stock worth $2,245,000 after acquiring an additional 25,700 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Ituran Location and Control Stock Performance

NASDAQ:ITRN opened at $29.85 on Tuesday. The firm has a 50-day simple moving average of $28.92 and a 200-day simple moving average of $27.35. Ituran Location and Control Ltd. has a one year low of $24.12 and a one year high of $31.64. The firm has a market cap of $593.84 million, a P/E ratio of 11.44 and a beta of 1.17.

Ituran Location and Control Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Monday, December 23rd will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date is Monday, December 23rd. Ituran Location and Control’s dividend payout ratio (DPR) is 59.77%.

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.