Inflection Point Investments LLP Acquires 2,000 Shares of Ituran Location and Control Ltd. $ITRN

Inflection Point Investments LLP boosted its holdings in Ituran Location and Control Ltd. (NASDAQ:ITRN) by 1.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 197,997 shares of the industrial products company’s stock after buying an additional 2,000 shares during the quarter. Ituran Location and Control makes up 14.4% of Inflection Point Investments LLP’s holdings, making the stock its biggest holding. Inflection Point Investments LLP owned approximately 1.00% of Ituran Location and Control worth $7,591,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. AdvisorNet Financial Inc boosted its stake in Ituran Location and Control by 148.9% in the second quarter. AdvisorNet Financial Inc now owns 1,120 shares of the industrial products company’s stock valued at $43,000 after buying an additional 670 shares in the last quarter. Magnetar Financial LLC boosted its stake in shares of Ituran Location and Control by 6.0% in the 1st quarter. Magnetar Financial LLC now owns 13,055 shares of the industrial products company’s stock valued at $472,000 after purchasing an additional 742 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Ituran Location and Control by 327.2% in the first quarter. Jones Financial Companies Lllp now owns 1,226 shares of the industrial products company’s stock valued at $43,000 after buying an additional 939 shares in the last quarter. Segall Bryant & Hamill LLC boosted its position in Ituran Location and Control by 1.3% in the first quarter. Segall Bryant & Hamill LLC now owns 76,000 shares of the industrial products company’s stock valued at $2,748,000 after buying an additional 1,000 shares in the last quarter. Finally, Costello Asset Management INC acquired a new stake in Ituran Location and Control in the first quarter valued at approximately $40,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ITRN has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Ituran Location and Control from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of Ituran Location and Control in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $50.00.

Ituran Location and Control Stock Performance

Shares of NASDAQ:ITRN opened at $36.47 on Tuesday. The firm has a market cap of $703.24 million, a PE ratio of 13.07 and a beta of 0.87. The firm’s fifty day moving average is $36.55 and its 200-day moving average is $36.71. Ituran Location and Control Ltd. has a 52 week low of $26.46 and a 52 week high of $45.43.

Ituran Location and Control (NASDAQ:ITRN) last issued its quarterly earnings results on Tuesday, August 19th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.06). The firm had revenue of $86.79 million during the quarter, compared to analyst estimates of $89.17 million. Ituran Location and Control had a return on equity of 28.24% and a net margin of 16.35%.

Ituran Location and Control Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Thursday, September 25th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend was Thursday, September 25th. Ituran Location and Control’s payout ratio is currently 71.68%.

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.