Ituran Location and Control Ltd. (NASDAQ:ITRN) Shares Acquired by DGS Capital Management LLC

DGS Capital Management LLC increased its stake in Ituran Location and Control Ltd. (NASDAQ:ITRN) by 14.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,030 shares of the industrial products company’s stock after buying an additional 2,460 shares during the period. DGS Capital Management LLC owned about 0.10% of Ituran Location and Control worth $505,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ITRN. Blue Trust Inc. lifted its holdings in Ituran Location and Control by 63.4% during the 3rd quarter. Blue Trust Inc. now owns 1,541 shares of the industrial products company’s stock worth $38,000 after buying an additional 598 shares during the last quarter. Copeland Capital Management LLC acquired a new stake in shares of Ituran Location and Control during the 3rd quarter valued at approximately $50,000. Public Employees Retirement System of Ohio bought a new position in Ituran Location and Control during the third quarter worth $137,000. BNP Paribas Financial Markets lifted its stake in Ituran Location and Control by 214.2% during the third quarter. BNP Paribas Financial Markets now owns 6,011 shares of the industrial products company’s stock worth $160,000 after purchasing an additional 4,098 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Ituran Location and Control by 132.1% in the 3rd quarter. Barclays PLC now owns 7,731 shares of the industrial products company’s stock worth $206,000 after buying an additional 4,400 shares during the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Ituran Location and Control Stock Down 0.8 %

Shares of ITRN stock opened at $30.67 on Friday. Ituran Location and Control Ltd. has a 52 week low of $24.12 and a 52 week high of $31.64. The company has a market cap of $610.03 million, a P/E ratio of 11.75 and a beta of 1.17. The business has a 50 day moving average of $28.14 and a two-hundred day moving average of $27.07.

Ituran Location and Control Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders 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 5.09%. The ex-dividend date is Monday, December 23rd. Ituran Location and Control’s payout ratio is 59.77%.

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.