Trexquant Investment LP Sells 31,879 Shares of Ituran Location and Control Ltd. (NASDAQ:ITRN)

Trexquant Investment LP decreased its stake in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) by 45.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,076 shares of the industrial products company's stock after selling 31,879 shares during the quarter. Trexquant Investment LP owned about 0.19% of Ituran Location and Control worth $1,186,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its stake in Ituran Location and Control by 214.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,011 shares of the industrial products company's stock worth $160,000 after purchasing an additional 4,098 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Ituran Location and Control by 103.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,554 shares of the industrial products company's stock worth $731,000 after buying an additional 14,020 shares in the last quarter. HighTower Advisors LLC purchased a new stake in shares of Ituran Location and Control during the third quarter valued at approximately $767,000. XTX Topco Ltd grew its holdings in shares of Ituran Location and Control by 145.0% during the third quarter. XTX Topco Ltd now owns 20,150 shares of the industrial products company's stock valued at $535,000 after buying an additional 11,927 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Ituran Location and Control during the third quarter valued at approximately $137,000. 94.80% of the stock is owned by institutional investors.

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Ituran Location and Control Stock Up 0.4 %

ITRN traded up $0.15 during mid-day trading on Tuesday, reaching $33.53. 68,211 shares of the company traded hands, compared to its average volume of 96,656. Ituran Location and Control Ltd. has a 52-week low of $24.12 and a 52-week high of $45.43. The company's fifty day moving average price is $36.95 and its 200-day moving average price is $32.19. The stock has a market capitalization of $667.05 million, a P/E ratio of 12.85 and a beta of 0.90.

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The industrial products company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.02. The firm had revenue of $82.88 million for the quarter, compared to analysts' expectations of $81.81 million. Ituran Location and Control had a net margin of 15.65% and a return on equity of 28.31%.

Ituran Location and Control Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a dividend of $0.50 per share. This is a positive change from Ituran Location and Control's previous quarterly dividend of $0.39. This represents a $2.00 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date of this dividend was Thursday, March 20th. Ituran Location and Control's dividend payout ratio (DPR) is 73.80%.

Analysts Set New Price Targets

Separately, Barclays increased their target price on Ituran Location and Control from $35.00 to $50.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th.

Ituran Location and Control Company 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.