Segall Bryant & Hamill LLC raised its stake in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) by 43.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 84,600 shares of the industrial products company's stock after purchasing an additional 25,700 shares during the period. Segall Bryant & Hamill LLC owned 0.43% of Ituran Location and Control worth $2,245,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Blue Trust Inc. raised its stake in Ituran Location and Control by 63.4% during 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 period. Copeland Capital Management LLC bought a new position in shares of Ituran Location and Control during the third quarter worth $50,000. Semanteon Capital Management LP purchased a new position in Ituran Location and Control during the third quarter valued at $225,000. Caprock Group LLC purchased a new stake in Ituran Location and Control in the 2nd quarter worth $226,000. Finally, Blair William & Co. IL boosted its holdings in shares of Ituran Location and Control by 27.6% during the 2nd quarter. Blair William & Co. IL now owns 9,250 shares of the industrial products company's stock valued at $228,000 after purchasing an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.
Ituran Location and Control Trading Up 1.7 %
Shares of NASDAQ:ITRN traded up $0.48 during mid-day trading on Friday, reaching $28.98. The stock had a trading volume of 50,742 shares, compared to its average volume of 62,011. The company has a market cap of $576.41 million, a P/E ratio of 11.10 and a beta of 1.14. The business's 50 day moving average price is $27.07 and its 200 day moving average price is $26.75. Ituran Location and Control Ltd. has a 1 year low of $24.12 and a 1 year high of $30.00.
Ituran Location and Control Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Monday, December 23rd will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 5.38%. The ex-dividend date of this dividend is Monday, December 23rd. Ituran Location and Control's dividend payout ratio is presently 59.77%.
About Ituran Location and Control
(
Free Report)
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.
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