Rice Hall James & Associates LLC Buys 72,656 Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN)

Rice Hall James & Associates LLC raised its stake in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) by 16.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 516,699 shares of the industrial products company's stock after buying an additional 72,656 shares during the period. Rice Hall James & Associates LLC owned about 2.60% of Ituran Location and Control worth $13,713,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ITRN. Blue Trust Inc. lifted 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 valued at $38,000 after purchasing an additional 598 shares during the last quarter. Copeland Capital Management LLC acquired a new stake in shares of Ituran Location and Control in the 3rd quarter valued at $50,000. Blair William & Co. IL acquired a new stake in shares of Ituran Location and Control in the 1st quarter valued at $203,000. Semanteon Capital Management LP acquired a new stake in shares of Ituran Location and Control in the 3rd quarter valued at $225,000. Finally, Foundations Investment Advisors LLC acquired a new stake in shares of Ituran Location and Control in the 3rd quarter valued at $228,000. Institutional investors and hedge funds own 94.80% of the company's stock.

Ituran Location and Control Price Performance

Shares of ITRN stock traded up $0.14 on Friday, hitting $26.87. The company's stock had a trading volume of 21,308 shares, compared to its average volume of 57,192. Ituran Location and Control Ltd. has a fifty-two week low of $24.01 and a fifty-two week high of $30.00. The firm's fifty day moving average price is $27.25 and its 200-day moving average price is $26.57. The stock has a market capitalization of $534.44 million, a price-to-earnings ratio of 10.48 and a beta of 1.14.

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last released its quarterly earnings data on Monday, August 19th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.05. The business had revenue of $84.87 million during the quarter. Ituran Location and Control had a net margin of 15.42% and a return on equity of 28.43%.

Ituran Location and Control Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 26th were issued a $0.39 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.56 annualized dividend and a yield of 5.81%. Ituran Location and Control's dividend payout ratio (DPR) is presently 61.18%.

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.