Aristides Capital LLC Grows Position in Ituran Location and Control Ltd. (NASDAQ:ITRN)

Aristides Capital LLC boosted its holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) by 26.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 233,190 shares of the industrial products company's stock after buying an additional 48,850 shares during the quarter. Ituran Location and Control makes up 1.5% of Aristides Capital LLC's holdings, making the stock its 10th biggest holding. Aristides Capital LLC owned approximately 1.17% of Ituran Location and Control worth $7,264,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its holdings in shares of Ituran Location and Control by 26.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 274,562 shares of the industrial products company's stock worth $8,553,000 after purchasing an additional 56,956 shares during the last quarter. Seizert Capital Partners LLC boosted its position in shares of Ituran Location and Control by 32.3% during the 4th quarter. Seizert Capital Partners LLC now owns 158,204 shares of the industrial products company's stock worth $4,928,000 after purchasing an additional 38,652 shares in the last quarter. Raymond James Financial Inc. bought a new position in Ituran Location and Control in the fourth quarter worth approximately $2,718,000. Alliancebernstein L.P. acquired a new stake in Ituran Location and Control in the fourth quarter valued at approximately $2,329,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of Ituran Location and Control by 49.4% during the fourth quarter. Russell Investments Group Ltd. now owns 62,863 shares of the industrial products company's stock valued at $1,958,000 after acquiring an additional 20,776 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

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Ituran Location and Control Price Performance

Shares of NASDAQ:ITRN traded down $0.58 during midday trading on Friday, hitting $32.43. 52,398 shares of the company's stock were exchanged, compared to its average volume of 96,262. Ituran Location and Control Ltd. has a 12 month low of $24.12 and a 12 month high of $45.43. The company has a market cap of $645.06 million, a PE ratio of 12.42 and a beta of 0.90. The stock has a 50 day moving average price of $36.97 and a 200-day moving average price of $32.06.

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The industrial products company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.02. Ituran Location and Control had a return on equity of 28.31% and a net margin of 15.65%. The firm had revenue of $82.88 million during the quarter, compared to analyst estimates of $81.81 million.

Ituran Location and Control Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, March 20th. This is a boost from Ituran Location and Control's previous quarterly dividend of $0.39. This represents a $2.00 annualized dividend and a yield of 6.17%. Ituran Location and Control's dividend payout ratio (DPR) is 73.80%.

Wall Street Analyst Weigh In

Separately, Barclays increased their target price on Ituran Location and Control from $35.00 to $50.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th.

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.