Ituran Location and Control Ltd. (NASDAQ:ITRN) Shares Sold by Inlet Private Wealth LLC

Inlet Private Wealth LLC trimmed its holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN) by 9.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 135,850 shares of the industrial products company’s stock after selling 14,350 shares during the quarter. Inlet Private Wealth LLC owned about 0.68% of Ituran Location and Control worth $4,232,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ITRN. Blue Trust Inc. grew 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 worth $38,000 after buying an additional 598 shares during the last quarter. Copeland Capital Management LLC purchased a new position in shares of Ituran Location and Control during the third quarter worth approximately $50,000. R Squared Ltd acquired a new position in shares of Ituran Location and Control in the 4th quarter valued at $117,000. Public Employees Retirement System of Ohio acquired a new stake in Ituran Location and Control during the 3rd quarter worth $137,000. Finally, BNP Paribas Financial Markets grew its position in Ituran Location and Control by 214.2% during 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 during the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Ituran Location and Control Stock Performance

NASDAQ ITRN opened at $33.39 on Friday. Ituran Location and Control Ltd. has a one year low of $24.12 and a one year high of $34.35. The firm has a market cap of $664.26 million, a PE ratio of 12.79 and a beta of 1.15. The firm’s fifty day moving average is $31.42 and its two-hundred day moving average is $28.58.

Ituran Location and Control (NASDAQ:ITRN) last announced 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 company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Monday, December 23rd were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 4.67%. The ex-dividend date of this dividend was Monday, December 23rd. Ituran Location and Control’s dividend payout ratio (DPR) 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.