Assenagon Asset Management S.A. Buys Shares of 26,796 Ituran Location and Control Ltd. (NASDAQ:ITRN)

Assenagon Asset Management S.A. acquired a new stake in Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 26,796 shares of the industrial products company's stock, valued at approximately $835,000. Assenagon Asset Management S.A. owned about 0.13% of Ituran Location and Control at the end of the most recent reporting period.

A number of other hedge funds have also recently 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 3rd quarter. Blue Trust Inc. now owns 1,541 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 598 shares in the last quarter. Copeland Capital Management LLC bought a new position in Ituran Location and Control in the 3rd quarter worth approximately $50,000. Public Employees Retirement System of Ohio bought a new position in shares of Ituran Location and Control in the third quarter worth $137,000. BNP Paribas Financial Markets increased its stake in shares of Ituran Location and Control by 214.2% during the third quarter. BNP Paribas Financial Markets now owns 6,011 shares of the industrial products company's stock valued at $160,000 after acquiring an additional 4,098 shares during the period. Finally, Barclays PLC increased its position in shares of Ituran Location and Control by 132.1% during the 3rd quarter. Barclays PLC now owns 7,731 shares of the industrial products company's stock valued at $206,000 after purchasing an additional 4,400 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

Ituran Location and Control Stock Up 0.2 %

Ituran Location and Control stock traded up $0.07 during midday trading on Friday, hitting $33.85. The company's stock had a trading volume of 104,126 shares, compared to its average volume of 96,689. Ituran Location and Control Ltd. has a 12 month low of $24.12 and a 12 month high of $34.35. The company has a market capitalization of $673.28 million, a PE ratio of 12.97 and a beta of 1.15. The stock's 50-day moving average price is $30.88 and its 200-day moving average price is $28.32.

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last released its earnings results on Thursday, November 21st. The industrial products company reported $0.69 EPS 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Monday, December 23rd were paid 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 presently 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.