Rice Hall James & Associates LLC Purchases 33,593 Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN)

Rice Hall James & Associates LLC raised its stake in Ituran Location and Control Ltd. (NASDAQ:ITRN) by 8.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 444,043 shares of the industrial products company’s stock after buying an additional 33,593 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Ituran Location and Control were worth $10,941,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. New York State Common Retirement Fund boosted its stake in Ituran Location and Control by 149.9% in the 4th quarter. New York State Common Retirement Fund now owns 5,979 shares of the industrial products company’s stock worth $163,000 after purchasing an additional 3,586 shares during the period. Janney Montgomery Scott LLC raised its position in Ituran Location and Control by 50.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 23,222 shares of the industrial products company’s stock worth $633,000 after acquiring an additional 7,758 shares in the last quarter. Inflection Point Investments LLP acquired a new stake in Ituran Location and Control in the fourth quarter valued at $16,153,000. Trexquant Investment LP raised its holdings in shares of Ituran Location and Control by 6.7% in the 4th quarter. Trexquant Investment LP now owns 26,672 shares of the industrial products company’s stock valued at $727,000 after purchasing an additional 1,669 shares during the period. Finally, Aristides Capital LLC lifted its stake in Ituran Location and Control by 25.7% in the 4th quarter. Aristides Capital LLC now owns 145,782 shares of the industrial products company’s stock valued at $3,971,000 after purchasing an additional 29,830 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Ituran Location and Control Trading Up 1.1 %

ITRN stock opened at $27.12 on Wednesday. Ituran Location and Control Ltd. has a 1-year low of $24.01 and a 1-year high of $30.10. The firm has a market capitalization of $539.42 million, a PE ratio of 10.85 and a beta of 1.15. The business’s 50 day simple moving average is $26.63 and its 200 day simple moving average is $26.66.

Ituran Location and Control (NASDAQ:ITRN) last released its quarterly earnings results on Monday, August 19th. The industrial products company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.05. The firm had revenue of $84.87 million for the quarter. Ituran Location and Control had a net margin of 15.42% and a return on equity of 28.43%.

Ituran Location and Control Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 26th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date of this dividend is Thursday, September 26th. Ituran Location and Control’s payout ratio is currently 62.40%.

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.