Ituran Location and Control Ltd. (NASDAQ:ITRN) Position Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) by 58.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 39,464 shares of the industrial products company's stock after buying an additional 14,527 shares during the period. JPMorgan Chase & Co. owned approximately 0.20% of Ituran Location and Control worth $1,047,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Blair William & Co. IL lifted its stake in shares of Ituran Location and Control by 27.6% during the second quarter. Blair William & Co. IL now owns 9,250 shares of the industrial products company's stock worth $228,000 after purchasing an additional 2,000 shares in the last quarter. 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 worth $4,429,000 after acquiring an additional 33,958 shares in the last quarter. Delphi Management Inc. MA lifted its position in Ituran Location and Control by 2.9% during the 2nd quarter. Delphi Management Inc. MA now owns 63,522 shares of the industrial products company's stock worth $1,565,000 after acquiring an additional 1,816 shares in the last quarter. Inlet Private Wealth LLC boosted its holdings in Ituran Location and Control by 5.8% in the 3rd quarter. Inlet Private Wealth LLC now owns 150,200 shares of the industrial products company's stock worth $3,986,000 after acquiring an additional 8,300 shares during the period. Finally, Blue Trust Inc. grew its position in Ituran Location and Control by 63.4% in the third quarter. Blue Trust Inc. now owns 1,541 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 598 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Ituran Location and Control Stock Up 0.2 %

Shares of NASDAQ ITRN traded up $0.07 during trading on Friday, reaching $33.85. 104,126 shares of the stock were exchanged, compared to its average volume of 96,689. The company has a market capitalization of $673.28 million, a price-to-earnings ratio of 12.97 and a beta of 1.15. The business's 50-day moving average price is $30.88 and its 200 day moving average price is $28.34. Ituran Location and Control Ltd. has a twelve month low of $24.12 and a twelve month high of $34.35.

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last issued its quarterly earnings data on Thursday, November 21st. The industrial products company reported $0.69 EPS for the quarter. Ituran Location and Control had a net margin of 15.65% and a return on equity of 28.31%.

Ituran Location and Control Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.56 dividend on an annualized basis and a yield of 4.61%. Ituran Location and Control's dividend payout ratio (DPR) 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.