XTX Topco Ltd Buys 11,927 Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN)

XTX Topco Ltd raised its stake in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 145.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 20,150 shares of the industrial products company’s stock after purchasing an additional 11,927 shares during the period. XTX Topco Ltd’s holdings in Ituran Location and Control were worth $535,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ITRN. California State Teachers Retirement System lifted its holdings in shares of Ituran Location and Control by 11.3% during the 1st quarter. California State Teachers Retirement System now owns 16,585 shares of the industrial products company’s stock worth $464,000 after acquiring an additional 1,679 shares during the last quarter. Inlet Private Wealth LLC lifted its stake in Ituran Location and Control by 3.7% during the second quarter. Inlet Private Wealth LLC now owns 141,900 shares of the industrial products company’s stock worth $3,496,000 after purchasing an additional 5,000 shares during the last quarter. ARK Investment Management LLC boosted its holdings in shares of Ituran Location and Control by 4.6% in the 2nd quarter. ARK Investment Management LLC now owns 86,684 shares of the industrial products company’s stock worth $2,136,000 after purchasing an additional 3,791 shares in the last quarter. Pzena Investment Management LLC increased its position in shares of Ituran Location and Control by 3.4% during the 2nd quarter. Pzena Investment Management LLC now owns 22,659 shares of the industrial products company’s stock valued at $558,000 after purchasing an additional 752 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Ituran Location and Control by 21.3% during the 2nd quarter. Acadian Asset Management LLC now owns 483,763 shares of the industrial products company’s stock valued at $11,884,000 after buying an additional 85,023 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Ituran Location and Control Price Performance

Shares of ITRN opened at $30.67 on Friday. Ituran Location and Control Ltd. has a 1 year low of $24.12 and a 1 year high of $31.64. The stock has a 50 day simple moving average of $28.14 and a two-hundred day simple moving average of $27.07. The firm has a market cap of $610.03 million, a P/E ratio of 11.75 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. Stockholders of record on Monday, December 23rd will be paid a $0.39 dividend. The ex-dividend date is Monday, December 23rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.09%. Ituran Location and Control’s dividend payout ratio (DPR) 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.