Pekin Hardy Strauss Inc. Sells 14,437 Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN)

Pekin Hardy Strauss Inc. trimmed its position in Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 226,684 shares of the industrial products company's stock after selling 14,437 shares during the period. Ituran Location and Control makes up approximately 0.9% of Pekin Hardy Strauss Inc.'s investment portfolio, making the stock its 25th largest holding. Pekin Hardy Strauss Inc. owned 1.14% of Ituran Location and Control worth $7,061,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Rice Hall James & Associates LLC grew its stake in Ituran Location and Control by 16.4% in the third quarter. Rice Hall James & Associates LLC now owns 516,699 shares of the industrial products company's stock valued at $13,713,000 after purchasing an additional 72,656 shares in the last quarter. Four Tree Island Advisory LLC bought a new position in shares of Ituran Location and Control in the fourth quarter valued at $920,000. HighTower Advisors LLC acquired a new position in Ituran Location and Control during the third quarter worth $767,000. Assenagon Asset Management S.A. acquired a new position in Ituran Location and Control during the fourth quarter worth $835,000. Finally, Segall Bryant & Hamill LLC raised its position in Ituran Location and Control by 43.6% during the third quarter. Segall Bryant & Hamill LLC now owns 84,600 shares of the industrial products company's stock worth $2,245,000 after acquiring an additional 25,700 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

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Ituran Location and Control Trading Up 9.3 %

Shares of ITRN traded up $3.74 during midday trading on Wednesday, reaching $43.91. The stock had a trading volume of 588,030 shares, compared to its average volume of 218,491. The firm has a market cap of $873.55 million, a PE ratio of 16.82 and a beta of 1.15. The firm has a 50 day simple moving average of $33.54 and a 200-day simple moving average of $29.89. Ituran Location and Control Ltd. has a one year low of $24.12 and a one year high of $45.24.

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The industrial products company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.02. Ituran Location and Control had a return on equity of 28.31% and a net margin of 15.65%.

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.