Ituran Location and Control Ltd. (NASDAQ:ITRN) Stake Lifted by Walleye Capital LLC

Walleye Capital LLC boosted its position in Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) by 63.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,839 shares of the industrial products company's stock after purchasing an additional 17,341 shares during the period. Walleye Capital LLC owned about 0.23% of Ituran Location and Control worth $1,397,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Ituran Location and Control in the fourth quarter valued at approximately $2,718,000. Alliancebernstein L.P. purchased a new stake in shares of Ituran Location and Control during the 4th quarter valued at about $2,329,000. Arrowstreet Capital Limited Partnership grew its holdings in Ituran Location and Control by 26.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 274,562 shares of the industrial products company's stock valued at $8,553,000 after purchasing an additional 56,956 shares in the last quarter. Aristides Capital LLC lifted its stake in shares of Ituran Location and Control by 26.5% in the fourth quarter. Aristides Capital LLC now owns 233,190 shares of the industrial products company's stock worth $7,264,000 after acquiring an additional 48,850 shares in the last quarter. Finally, Seizert Capital Partners LLC grew its position in shares of Ituran Location and Control by 32.3% during the fourth quarter. Seizert Capital Partners LLC now owns 158,204 shares of the industrial products company's stock worth $4,928,000 after buying an additional 38,652 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Ituran Location and Control Stock Up 0.1 %

ITRN stock traded up $0.05 during midday trading on Friday, reaching $34.84. The company had a trading volume of 9,800 shares, compared to its average volume of 97,347. Ituran Location and Control Ltd. has a fifty-two week low of $24.12 and a fifty-two week high of $45.43. The firm has a market capitalization of $693.11 million, a PE ratio of 13.30 and a beta of 0.90. The stock has a 50 day moving average price of $36.76 and a 200 day moving average price of $32.51.

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last posted its earnings results on Wednesday, February 26th. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.02. The firm had revenue of $82.88 million during the quarter, compared to analyst estimates 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 firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date of this dividend was Thursday, March 20th. This is a positive change from Ituran Location and Control's previous quarterly dividend of $0.39. Ituran Location and Control's payout ratio is 73.80%.

Analyst Upgrades and Downgrades

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

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.