Inlet Private Wealth LLC Sells 14,350 Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN)

Inlet Private Wealth LLC reduced its position in Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) by 9.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 135,850 shares of the industrial products company's stock after selling 14,350 shares during the quarter. Inlet Private Wealth LLC owned about 0.68% of Ituran Location and Control worth $4,232,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Blue Trust Inc. grew 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 worth $38,000 after acquiring an additional 598 shares in the last quarter. Copeland Capital Management LLC bought a new position in shares of Ituran Location and Control in the third quarter worth approximately $50,000. Foundations Investment Advisors LLC bought a new position in Ituran Location and Control during the third quarter valued at approximately $228,000. Semanteon Capital Management LP bought a new position in Ituran Location and Control during the third quarter valued at approximately $225,000. Finally, Meitav Investment House Ltd. purchased a new stake in Ituran Location and Control in the third quarter worth $250,000. 94.80% of the stock is owned by institutional investors.

Ituran Location and Control Stock Up 2.0 %

Shares of Ituran Location and Control stock traded up $0.66 during trading hours on Wednesday, reaching $33.99. 127,136 shares of the stock traded hands, compared to its average volume of 109,766. The company has a 50 day moving average price of $31.55 and a 200 day moving average price of $28.72. The firm has a market capitalization of $676.14 million, a price-to-earnings ratio of 13.03 and a beta of 1.15. Ituran Location and Control Ltd. has a one year low of $24.12 and a one year high of $34.35.

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 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 4.59%. The ex-dividend date was Monday, December 23rd. Ituran Location and Control's dividend payout ratio is presently 59.77%.

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.