Four Tree Island Advisory LLC Takes Position in Ituran Location and Control Ltd. (NASDAQ:ITRN)

Four Tree Island Advisory LLC purchased a new stake in Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 29,533 shares of the industrial products company's stock, valued at approximately $920,000. Ituran Location and Control makes up 0.6% of Four Tree Island Advisory LLC's holdings, making the stock its 17th biggest position. Four Tree Island Advisory LLC owned 0.15% of Ituran Location and Control at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ITRN. Inlet Private Wealth LLC increased its position 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 valued at $3,986,000 after buying an additional 8,300 shares in the last quarter. Blue Trust Inc. increased its position in Ituran Location and Control by 63.4% during the 3rd quarter. Blue Trust Inc. now owns 1,541 shares of the industrial products company's stock worth $38,000 after purchasing an additional 598 shares in the last quarter. Copeland Capital Management LLC purchased a new stake in Ituran Location and Control during the 3rd quarter worth about $50,000. Foundations Investment Advisors LLC purchased a new stake in Ituran Location and Control during the 3rd quarter worth about $228,000. Finally, Semanteon Capital Management LP purchased a new stake in Ituran Location and Control during the 3rd quarter worth about $225,000. Hedge funds and other institutional investors own 94.80% of the company's stock.

Ituran Location and Control Stock Performance

Ituran Location and Control stock traded up $0.31 during midday trading on Thursday, reaching $34.58. 60,905 shares of the company were exchanged, compared to its average volume of 100,723. The company has a market capitalization of $687.80 million, a price-to-earnings ratio of 13.25 and a beta of 1.15. The firm's 50-day simple moving average is $32.05 and its 200-day simple moving average is $29.04. Ituran Location and Control Ltd. has a 1 year low of $24.12 and a 1 year high of $35.43.

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last posted its quarterly earnings data on Thursday, November 21st. The industrial products company reported $0.69 EPS 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Monday, December 23rd were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend was Monday, December 23rd. Ituran Location and Control's dividend payout ratio is presently 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.