Harel Insurance Investments & Financial Services Ltd. Sells 47,691 Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN)

Harel Insurance Investments & Financial Services Ltd. cut its holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN) by 17.1% during the fourth quarter, Holdings Channel reports. The firm owned 230,459 shares of the industrial products company’s stock after selling 47,691 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Ituran Location and Control were worth $7,269,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Blue Trust Inc. grew its stake in Ituran Location and Control by 63.4% during the third 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 in the last quarter. Copeland Capital Management LLC bought a new position in shares of Ituran Location and Control during the 3rd quarter valued at about $50,000. Public Employees Retirement System of Ohio purchased a new position in shares of Ituran Location and Control during the third quarter valued at about $137,000. BNP Paribas Financial Markets increased its holdings in shares of Ituran Location and Control by 214.2% in 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 third 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 in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Ituran Location and Control Price Performance

NASDAQ ITRN opened at $33.85 on Friday. Ituran Location and Control Ltd. has a 1-year low of $24.12 and a 1-year high of $34.35. The business has a 50 day simple moving average of $30.88 and a two-hundred day simple moving average of $28.29. The stock has a market capitalization of $673.28 million, a PE ratio of 12.97 and a beta of 1.15.

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 net margin of 15.65% and a return on equity of 28.31%.

Ituran Location and Control Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Monday, December 23rd were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 4.61%. The ex-dividend date was Monday, December 23rd. Ituran Location and Control’s dividend 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.