Four Tree Island Advisory LLC Buys New Stake in Ituran Location and Control Ltd. (NASDAQ:ITRN)

Four Tree Island Advisory LLC purchased a new position in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 29,533 shares of the industrial products company’s stock, valued at approximately $920,000. Ituran Location and Control accounts for approximately 0.6% of Four Tree Island Advisory LLC’s investment portfolio, making the stock its 17th largest position.

Other large investors have also recently added to or reduced their stakes in the company. Inlet Private Wealth LLC boosted its position in shares of Ituran Location and Control by 5.8% in the third quarter. Inlet Private Wealth LLC now owns 150,200 shares of the industrial products company’s stock worth $3,986,000 after buying an additional 8,300 shares during the period. Blue Trust Inc. lifted its position 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 acquiring an additional 598 shares in the last quarter. Copeland Capital Management LLC purchased a new position in Ituran Location and Control in the 3rd quarter worth approximately $50,000. Foundations Investment Advisors LLC acquired a new stake in Ituran Location and Control in the third quarter valued at approximately $228,000. Finally, Semanteon Capital Management LP purchased a new stake in shares of Ituran Location and Control during the third quarter valued at approximately $225,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Ituran Location and Control Trading Down 0.4 %

NASDAQ ITRN opened at $34.29 on Monday. The company’s fifty day simple moving average is $31.81 and its 200-day simple moving average is $28.87. The stock has a market cap of $682.17 million, a P/E ratio of 13.14 and a beta of 1.15. Ituran Location and Control Ltd. has a 52 week low of $24.12 and a 52 week high of $34.56.

Ituran Location and Control (NASDAQ:ITRN) last released its quarterly 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 net margin of 15.65% and a return on equity of 28.31%.

Ituran Location and Control Dividend Announcement

The business 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. The ex-dividend date was Monday, December 23rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.55%. Ituran Location and Control’s dividend payout ratio (DPR) is presently 59.77%.

Ituran Location and Control 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.