Costello Asset Management INC Has $31,000 Stock Holdings in Ituran Location and Control Ltd. $ITRN

Costello Asset Management INC lessened its stake in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 27.3% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 800 shares of the industrial products company’s stock after selling 300 shares during the quarter. Costello Asset Management INC’s holdings in Ituran Location and Control were worth $31,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. AdvisorNet Financial Inc raised its stake in Ituran Location and Control by 148.9% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,120 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 670 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Ituran Location and Control by 327.2% in the 1st quarter. Jones Financial Companies Lllp now owns 1,226 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 939 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in Ituran Location and Control in the 1st quarter worth about $54,000. Hennessy Advisors Inc. acquired a new stake in Ituran Location and Control in the 2nd quarter worth about $113,000. Finally, American Century Companies Inc. acquired a new stake in Ituran Location and Control in the 1st quarter worth about $209,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Ituran Location and Control Trading Up 0.1%

Shares of Ituran Location and Control stock opened at $35.55 on Friday. The firm has a market capitalization of $706.82 million, a PE ratio of 12.74 and a beta of 0.87. The firm’s 50 day moving average is $36.68 and its 200 day moving average is $36.73. Ituran Location and Control Ltd. has a 1 year low of $26.20 and a 1 year high of $45.43.

Ituran Location and Control (NASDAQ:ITRN) last announced its quarterly earnings results on Tuesday, August 19th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.06). The company had revenue of $86.79 million for the quarter, compared to the consensus estimate of $89.17 million. Ituran Location and Control had a net margin of 16.35% and a return on equity of 28.24%.

Ituran Location and Control Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Thursday, September 25th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, September 25th. This represents a $2.00 annualized dividend and a yield of 5.6%. Ituran Location and Control’s dividend payout ratio (DPR) is currently 71.68%.

Analyst Ratings Changes

Several analysts have weighed in on ITRN shares. Wall Street Zen upgraded shares of Ituran Location and Control from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Ituran Location and Control in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $50.00.

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.