Inceptionr LLC Purchases Shares of 7,396 Ituran Location and Control Ltd. (NASDAQ:ITRN)

Inceptionr LLC acquired a new position in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,396 shares of the industrial products company's stock, valued at approximately $230,000.

Several other institutional investors have also recently made changes to their positions in ITRN. CWA Asset Management Group LLC bought a new stake in shares of Ituran Location and Control during the 3rd quarter worth about $280,000. Segall Bryant & Hamill LLC lifted its holdings in 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 worth $2,245,000 after purchasing an additional 25,700 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Ituran Location and Control by 77.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,634 shares of the industrial products company's stock valued at $1,185,000 after purchasing an additional 19,514 shares during the period. Integrated Investment Consultants LLC increased its position in Ituran Location and Control by 128.7% during the 3rd quarter. Integrated Investment Consultants LLC now owns 23,099 shares of the industrial products company's stock worth $613,000 after buying an additional 13,000 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings 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 worth $160,000 after buying an additional 4,098 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

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Wall Street Analysts Forecast Growth

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

Ituran Location and Control Trading Up 0.8 %

Ituran Location and Control stock traded up $0.31 during trading hours on Wednesday, reaching $37.86. 73,976 shares of the stock were exchanged, compared to its average volume of 90,101. The stock has a 50 day moving average of $35.48 and a two-hundred day moving average of $30.75. The company has a market cap of $753.19 million, a P/E ratio of 14.51 and a beta of 1.10. Ituran Location and Control Ltd. has a twelve month low of $24.12 and a twelve month high of $45.43.

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

Ituran Location and Control Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This is an increase from Ituran Location and Control's previous quarterly dividend of $0.39. This represents a $2.00 annualized dividend and a yield of 5.28%. Ituran Location and Control's dividend payout ratio (DPR) is currently 73.80%.

About Ituran Location and Control

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.