Connor Clark & Lunn Investment Management Ltd. increased its position in Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) by 77.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,634 shares of the industrial products company's stock after purchasing an additional 19,514 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.22% of Ituran Location and Control worth $1,185,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted 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 during the last quarter. Copeland Capital Management LLC bought a new position in Ituran Location and Control in the third quarter valued at approximately $50,000. Semanteon Capital Management LP acquired a new stake in Ituran Location and Control during the 3rd quarter worth $225,000. Caprock Group LLC acquired a new stake in Ituran Location and Control during the 2nd quarter worth $226,000. Finally, Blair William & Co. IL raised its position in shares of Ituran Location and Control by 27.6% during the 2nd quarter. Blair William & Co. IL now owns 9,250 shares of the industrial products company's stock valued at $228,000 after acquiring an additional 2,000 shares during the last quarter. 94.80% of the stock is owned by institutional investors.
Ituran Location and Control Stock Up 1.9 %
ITRN stock opened at $29.69 on Wednesday. Ituran Location and Control Ltd. has a twelve month low of $24.12 and a twelve month high of $30.00. The business's fifty day moving average is $27.15 and its 200-day moving average is $26.77. The company has a market cap of $590.53 million, a P/E ratio of 11.38 and a beta of 1.14.
Ituran Location and Control Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders 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 5.25%. The ex-dividend date is Monday, December 23rd. Ituran Location and Control's dividend payout ratio (DPR) is currently 59.77%.
About Ituran Location and Control
(
Free Report)
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.
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