R Squared Ltd Acquires New Shares in Ituran Location and Control Ltd. (NASDAQ:ITRN)

R Squared Ltd bought a new position in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) during the fourth quarter, HoldingsChannel.com reports. The firm bought 3,760 shares of the industrial products company’s stock, valued at approximately $117,000.

Several other institutional investors also recently modified their holdings of ITRN. Rice Hall James & Associates LLC raised its stake in Ituran Location and Control by 16.4% during the 3rd quarter. Rice Hall James & Associates LLC now owns 516,699 shares of the industrial products company’s stock worth $13,713,000 after buying an additional 72,656 shares during the period. Inlet Private Wealth LLC increased its holdings in shares of Ituran Location and Control by 5.8% in the third quarter. Inlet Private Wealth LLC now owns 150,200 shares of the industrial products company’s stock worth $3,986,000 after acquiring an additional 8,300 shares in the last quarter. Segall Bryant & Hamill LLC raised its position in shares of Ituran Location and Control by 43.6% during the third quarter. Segall Bryant & Hamill LLC now owns 84,600 shares of the industrial products company’s stock worth $2,245,000 after purchasing an additional 25,700 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Ituran Location and Control by 77.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,634 shares of the industrial products company’s stock valued at $1,185,000 after purchasing an additional 19,514 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Ituran Location and Control by 58.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 39,464 shares of the industrial products company’s stock valued at $1,047,000 after purchasing an additional 14,527 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Ituran Location and Control Stock Up 0.6 %

Shares of ITRN stock opened at $33.10 on Friday. The company has a market capitalization of $658.36 million, a price-to-earnings ratio of 12.68 and a beta of 1.15. The firm has a fifty day moving average of $31.24 and a 200-day moving average of $28.49. Ituran Location and Control Ltd. has a 12-month low of $24.12 and a 12-month high of $34.35.

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

Ituran Location and Control Announces Dividend

The business also recently declared 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 of this dividend was Monday, December 23rd. This represents a $1.56 dividend on an annualized basis and a yield of 4.71%. Ituran Location and Control’s dividend payout ratio is 59.77%.

About Ituran Location and Control

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.