29,533 Shares in Ituran Location and Control Ltd. (NASDAQ:ITRN) Acquired by Four Tree Island Advisory LLC

Four Tree Island Advisory LLC acquired a new stake in Ituran Location and Control Ltd. (NASDAQ:ITRN) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 29,533 shares of the industrial products company’s stock, valued at approximately $920,000. Ituran Location and Control makes up 0.6% of Four Tree Island Advisory LLC’s investment portfolio, making the stock its 17th largest position. Four Tree Island Advisory LLC owned about 0.15% of Ituran Location and Control as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. grew its position in shares of Ituran Location and Control by 63.4% in the third 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 last quarter. Copeland Capital Management LLC acquired a new stake in Ituran Location and Control during the 3rd quarter valued at $50,000. CWA Asset Management Group LLC increased its position in Ituran Location and Control by 20.3% during the fourth quarter. CWA Asset Management Group LLC now owns 12,708 shares of the industrial products company’s stock worth $396,000 after buying an additional 2,144 shares in the last quarter. DGS Capital Management LLC raised its holdings in shares of Ituran Location and Control by 14.8% in the third quarter. DGS Capital Management LLC now owns 19,030 shares of the industrial products company’s stock worth $505,000 after acquiring an additional 2,460 shares during the last quarter. Finally, R Squared Ltd acquired a new position in Ituran Location and Control in the 4th quarter valued at about $117,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Ituran Location and Control Stock Performance

Shares of ITRN opened at $34.29 on Monday. Ituran Location and Control Ltd. has a 1 year low of $24.12 and a 1 year high of $34.56. The company’s 50 day simple moving average is $31.81 and its 200 day simple moving average is $28.87. The company has a market capitalization of $682.17 million, a price-to-earnings ratio of 13.14 and a beta of 1.15.

Ituran Location and Control (NASDAQ:ITRN) last released its earnings results on Thursday, November 21st. The industrial products company reported $0.69 earnings per share for the quarter. Ituran Location and Control had a return on equity of 28.31% and a net margin of 15.65%.

Ituran Location and Control Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Monday, December 23rd were given a $0.39 dividend. The ex-dividend date was Monday, December 23rd. This represents a $1.56 annualized dividend and a dividend yield of 4.55%. Ituran Location and Control’s dividend payout ratio is presently 59.77%.

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.