Analyst IMS Investment Management Services Ltd. cut its stake in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) by 1.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 646,812 shares of the industrial products company’s stock after selling 9,850 shares during the period. Ituran Location and Control makes up 7.5% of Analyst IMS Investment Management Services Ltd.’s investment portfolio, making the stock its 3rd biggest holding. Analyst IMS Investment Management Services Ltd. owned 3.08% of Ituran Location and Control worth $22,865,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of ITRN. Eagle Global Advisors LLC raised its stake in Ituran Location and Control by 14.3% during the 2nd quarter. Eagle Global Advisors LLC now owns 27,896 shares of the industrial products company’s stock valued at $873,000 after acquiring an additional 3,500 shares during the last quarter. Sei Investments Co. purchased a new stake in Ituran Location and Control during the 2nd quarter valued at approximately $754,000. Rice Hall James & Associates LLC raised its stake in Ituran Location and Control by 23.0% during the 2nd quarter. Rice Hall James & Associates LLC now owns 134,755 shares of the industrial products company’s stock valued at $4,218,000 after acquiring an additional 25,194 shares during the last quarter. Sphera Funds Management LTD. raised its stake in Ituran Location and Control by 8.2% during the 2nd quarter. Sphera Funds Management LTD. now owns 304,421 shares of the industrial products company’s stock valued at $9,528,000 after acquiring an additional 23,065 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in Ituran Location and Control by 30.8% during the 2nd quarter. Wells Fargo & Company MN now owns 4,579 shares of the industrial products company’s stock valued at $143,000 after acquiring an additional 1,078 shares during the last quarter. 52.60% of the stock is owned by hedge funds and other institutional investors.

Ituran Location and Control Ltd. (ITRN) opened at $36.00 on Tuesday. Ituran Location and Control Ltd. has a 52-week low of $24.20 and a 52-week high of $38.00. The stock has a market capitalization of $754.85, a P/E ratio of 17.48 and a beta of 0.83.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 27th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Tuesday, December 26th. Ituran Location and Control’s payout ratio is 46.60%.

ITRN has been the subject of several analyst reports. Zacks Investment Research downgraded Ituran Location and Control from a “buy” rating to a “hold” rating in a research note on Monday, September 4th. Chardan Capital cut Ituran Location and Control from a “buy” rating to a “neutral” rating and set a $36.00 target price on the stock. in a research report on Friday, November 17th. Finally, Telsey Advisory Group cut Ituran Location and Control from an “outperform” rating to a “market perform” rating and set a $36.00 target price on the stock. in a research report on Friday, November 17th.

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Ituran Location and Control Profile

Ituran Location and Control Ltd. is a provider of location-based services, consisting of stolen vehicle recovery (SVR), fleet management services and other tracking services. The Company also provides wireless communication products used in connection with its location-based services and various other applications.

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Institutional Ownership by Quarter for Ituran Location and Control (NASDAQ:ITRN)

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