Ituran Location and Control Ltd. (NASDAQ:ITRN) is Y.D. More Investments Ltd’s 10th Largest Position

Y.D. More Investments Ltd lessened its position in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 0.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 929,183 shares of the industrial products company’s stock after selling 2,000 shares during the quarter. Ituran Location and Control accounts for 2.6% of Y.D. More Investments Ltd’s holdings, making the stock its 10th largest holding. Y.D. More Investments Ltd’s holdings in Ituran Location and Control were worth $28,944,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. raised its stake in Ituran Location and Control by 63.4% in the 3rd quarter. Blue Trust Inc. now owns 1,541 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 598 shares during the period. Copeland Capital Management LLC bought a new stake in shares of Ituran Location and Control in the third quarter valued at approximately $50,000. CWA Asset Management Group LLC lifted its stake in shares of Ituran Location and Control by 20.3% during the 4th quarter. CWA Asset Management Group LLC now owns 12,708 shares of the industrial products company’s stock valued at $396,000 after buying an additional 2,144 shares in the last quarter. DGS Capital Management LLC boosted its holdings in Ituran Location and Control by 14.8% in the 3rd quarter. DGS Capital Management LLC now owns 19,030 shares of the industrial products company’s stock worth $505,000 after buying an additional 2,460 shares during the period. Finally, R Squared Ltd purchased a new position in Ituran Location and Control in the 4th quarter valued at approximately $117,000. Institutional investors own 94.80% of the company’s stock.

Ituran Location and Control Price Performance

NASDAQ:ITRN opened at $33.33 on Wednesday. The company has a market cap of $662.93 million, a P/E ratio of 12.77 and a beta of 1.15. Ituran Location and Control Ltd. has a 1 year low of $24.12 and a 1 year high of $34.35. The stock’s fifty day moving average price is $31.55 and its two-hundred day moving average price is $28.72.

Ituran Location and Control (NASDAQ:ITRN) last posted its earnings results on Thursday, November 21st. The industrial products company reported $0.69 earnings per share for the quarter. Ituran Location and Control had a return on equity of 28.31% and a net margin of 15.65%.

Ituran Location and Control Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd were paid a $0.39 dividend. The ex-dividend date was Monday, December 23rd. This represents a $1.56 dividend on an annualized basis and a yield of 4.68%. Ituran Location and Control’s dividend payout ratio is currently 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.