Harel Insurance Investments & Financial Services Ltd. Has $7.27 Million Stake in Ituran Location and Control Ltd. (NASDAQ:ITRN)

Harel Insurance Investments & Financial Services Ltd. decreased its position in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) by 17.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 230,459 shares of the industrial products company's stock after selling 47,691 shares during the quarter. Harel Insurance Investments & Financial Services Ltd. owned approximately 1.16% of Ituran Location and Control worth $7,269,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Rice Hall James & Associates LLC lifted its stake in shares of Ituran Location and Control by 16.4% during the third quarter. Rice Hall James & Associates LLC now owns 516,699 shares of the industrial products company's stock valued at $13,713,000 after acquiring an additional 72,656 shares during the period. Aristides Capital LLC lifted its position in Ituran Location and Control by 23.3% during the 2nd quarter. Aristides Capital LLC now owns 179,740 shares of the industrial products company's stock valued at $4,429,000 after purchasing an additional 33,958 shares during the period. HighTower Advisors LLC acquired a new position in Ituran Location and Control during the 3rd quarter valued at about $767,000. Assenagon Asset Management S.A. bought a new position in shares of Ituran Location and Control in the 4th quarter valued at about $835,000. Finally, Segall Bryant & Hamill LLC raised its position in shares of Ituran Location and Control by 43.6% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 84,600 shares of the industrial products company's stock valued at $2,245,000 after acquiring an additional 25,700 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Ituran Location and Control Price Performance

Shares of ITRN stock traded up $0.07 during trading hours on Friday, reaching $33.85. The company had a trading volume of 104,126 shares, compared to its average volume of 96,689. Ituran Location and Control Ltd. has a 1-year low of $24.12 and a 1-year high of $34.35. The company has a 50 day moving average of $30.88 and a 200 day moving average of $28.29. The firm has a market cap of $673.28 million, a price-to-earnings ratio of 12.97 and a beta of 1.15.

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last posted its earnings results on Thursday, November 21st. The industrial products company reported $0.69 earnings per share (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 firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.56 annualized dividend and a yield of 4.61%. Ituran Location and Control's dividend payout ratio is presently 59.77%.

Ituran Location and Control 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.