HighTower Advisors LLC Takes $767,000 Position in Ituran Location and Control Ltd. (NASDAQ:ITRN)

HighTower Advisors LLC bought a new stake in Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 28,812 shares of the industrial products company's stock, valued at approximately $767,000. HighTower Advisors LLC owned 0.14% of Ituran Location and Control as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Walleye Capital LLC increased its stake in Ituran Location and Control by 184.5% during the 3rd quarter. Walleye Capital LLC now owns 27,498 shares of the industrial products company's stock worth $730,000 after acquiring an additional 17,834 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Ituran Location and Control by 103.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,554 shares of the industrial products company's stock worth $731,000 after purchasing an additional 14,020 shares during the period. BNP Paribas Financial Markets raised its stake in Ituran Location and Control by 214.2% in the third quarter. BNP Paribas Financial Markets now owns 6,011 shares of the industrial products company's stock valued at $160,000 after purchasing an additional 4,098 shares in the last quarter. Integrated Investment Consultants LLC raised its stake in Ituran Location and Control by 128.7% in the third quarter. Integrated Investment Consultants LLC now owns 23,099 shares of the industrial products company's stock valued at $613,000 after purchasing an additional 13,000 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Ituran Location and Control by 77.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,634 shares of the industrial products company's stock worth $1,185,000 after purchasing an additional 19,514 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Ituran Location and Control Trading Down 1.4 %

ITRN stock traded down $0.42 during mid-day trading on Thursday, hitting $29.37. The stock had a trading volume of 115,859 shares, compared to its average volume of 58,613. The firm has a fifty day simple moving average of $28.46 and a 200 day simple moving average of $27.15. Ituran Location and Control Ltd. has a 52 week low of $24.12 and a 52 week high of $31.64. The firm has a market capitalization of $584.29 million, a P/E ratio of 11.25 and a beta of 1.17.

Ituran Location and Control Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 5.31%. The ex-dividend date is Monday, December 23rd. Ituran Location and Control's 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.