Pekin Hardy Strauss Inc. Sells 12,871 Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN)

Pekin Hardy Strauss Inc. trimmed its holdings in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 5.1% in the third quarter, HoldingsChannel.com reports. The fund owned 241,121 shares of the industrial products company’s stock after selling 12,871 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Ituran Location and Control were worth $6,399,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Blue Trust Inc. raised its stake in shares of Ituran Location and Control by 63.4% in the third quarter. Blue Trust Inc. now owns 1,541 shares of the industrial products company’s stock valued at $38,000 after buying an additional 598 shares during the period. Heron Bay Capital Management grew its position in shares of Ituran Location and Control by 6.2% in the second quarter. Heron Bay Capital Management now owns 10,604 shares of the industrial products company’s stock valued at $261,000 after purchasing an additional 622 shares in the last quarter. Pzena Investment Management LLC raised its stake 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 period. California State Teachers Retirement System lifted its holdings in 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 purchasing an additional 1,679 shares in the last quarter. Finally, Delphi Management Inc. MA boosted its stake in Ituran Location and Control by 2.9% in the 2nd quarter. Delphi Management Inc. MA now owns 63,522 shares of the industrial products company’s stock worth $1,565,000 after purchasing an additional 1,816 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Ituran Location and Control Stock Up 1.7 %

ITRN stock opened at $28.98 on Friday. The stock has a 50-day simple moving average of $27.07 and a two-hundred day simple moving average of $26.75. Ituran Location and Control Ltd. has a twelve month low of $24.12 and a twelve month high of $30.00. The firm has a market capitalization of $576.41 million, a PE ratio of 11.10 and a beta of 1.14.

Ituran Location and Control Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Monday, December 23rd will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date is Monday, December 23rd. Ituran Location and Control’s dividend payout ratio (DPR) is presently 59.77%.

Ituran Location and Control 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.