Ituran Location and Control Ltd. (NASDAQ:ITRN) Shares Sold by Y.D. More Investments Ltd

Y.D. More Investments Ltd cut its holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN) by 1.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 957,432 shares of the industrial products company’s stock after selling 13,082 shares during the quarter. Ituran Location and Control comprises 2.4% of Y.D. More Investments Ltd’s holdings, making the stock its 11th largest position. Y.D. More Investments Ltd owned 4.81% of Ituran Location and Control worth $23,591,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ITRN. Rice Hall James & Associates LLC boosted its stake in Ituran Location and Control by 8.2% in the 2nd quarter. Rice Hall James & Associates LLC now owns 444,043 shares of the industrial products company’s stock worth $10,941,000 after purchasing an additional 33,593 shares in the last quarter. LSV Asset Management lifted its stake in shares of Ituran Location and Control by 53.9% during the second quarter. LSV Asset Management now owns 48,171 shares of the industrial products company’s stock worth $1,187,000 after buying an additional 16,871 shares during the period. Caprock Group LLC purchased a new stake in shares of Ituran Location and Control during the second quarter valued at $226,000. Acadian Asset Management LLC raised its stake in Ituran Location and Control by 21.3% in the 2nd quarter. Acadian Asset Management LLC now owns 483,763 shares of the industrial products company’s stock worth $11,884,000 after acquiring an additional 85,023 shares during the last quarter. Finally, Pzena Investment Management LLC raised its stake in Ituran Location and Control by 3.4% in the 2nd quarter. Pzena Investment Management LLC now owns 22,659 shares of the industrial products company’s stock worth $558,000 after acquiring an additional 752 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Ituran Location and Control Stock Performance

Ituran Location and Control stock opened at $27.05 on Thursday. The business’s 50-day simple moving average is $26.68 and its two-hundred day simple moving average is $26.67. The company has a market cap of $538.13 million, a PE ratio of 10.82 and a beta of 1.15. Ituran Location and Control Ltd. has a fifty-two week low of $24.01 and a fifty-two week high of $30.10.

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

Ituran Location and Control Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 26th will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, September 26th. This represents a $1.56 dividend on an annualized basis and a yield of 5.77%. Ituran Location and Control’s dividend payout ratio is presently 62.40%.

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.